Military Buyers in Hawaii Are Asking Two Questions

By
Real Estate Agent with Hawaii Military Realty, Inc.

The Two Most Common Questions From Hawaii Military Buyers

These are the two most common questions that I am asked by my military real estate buyers in Hawaii:  

1)  How much can I expect to make if I buy a home this year and sell it after my 3-6 year military tour in Hawaii?  

If you are asking yourself this question or asking this question to your realtor, the answer you must be receiving is "there is no way to accurately predict that".  If anyone tells you differently, they are not being truthful.  Experts may tell you what "market trends" have been in the past and what they are "expected to do" in the future but the truth is, nobody really knows for certain.  I can tell you what has happened in the past and what you "could have made" if you "would have bought" 3 years ago but I cannot tell you what the future holds nor can anyone else for that matter.

There is something that I can tell you though:  You need a place to live and more than likely, you will have to pay for that place unless you plan on shacking up with your parents or friends, living in the barracks or pitching a tent on the beach.

You may choose to rent and after a 3-6 year tour of duty in Hawaii, you can leave with no strings attached.  What will it cost you to get into this typical 3 br, 2ba single family house in Mililani, Pearl City, Aiea, Ewa Beach or Kapolei, Hawaii?  Approximately $4,600-$6,000 out of pocket expense payable immediately BEFORE you move in.  This equates to an average rent in Mililani, Hawaii of between $2,300 and $3,000 per month for a single family home along with one months rent for a security deposit.  You should get your security deposit back as long as you live up to your end of the contract.

On the other hand, if you decided to purchase a property, you would not pay anything until 30-45 days AFTER closing on the property.  The property would not be quite as nice or big as the example above but, it is yours and you can claim the tax exemption and claim the interest on your tax return on it as long as you live in it and when you sell, if there is a profit to be made, it goes into YOUR pocket and not your landlords pocket.

•2)      What do I do after my tour is up and we are still in a buyers market?  

You have several choices to make.  First of all, you can sell the property and break even, lose money or make money.  Who the heck wants to lose money?????  Nobody!  Instead of that option, use the property for a rental and hire a property manager to take care of it for you.  Keep abreast of the market conditions and when the market turns back into a sellers market or the property has appreciated considerably so you can make a nice profit off of it, then that may be a good time to sell.  You may also consider the property as your investment for your future and just keep it as a rental for as long as possible.  You should be financially stable enough to be able to have reserve funds that you can use in the event that you may need to pay a mortgage payment or two before the next renter is placed into your property.  Again, I cannot predict the future but I can tell you to be prepared for the worst but hope for the best.

The choice is yours to make.  When will you ever get ahead financially if you continue to live in government quarters or rent for the rest of your military career?  This is one of the best opportunities that you may ever have to purchase a home because of the extremely high BAH rates and COLA in Hawaii not to mention the VA Home Loan Guaranty eligibility that you have.  Think about it and when you have decided to take that step, give Team Kucic a call.

Aloha and we look forward to continuing to serve with our fellow service members.

David Kucic, Hawaii Real Estate Agent

www.hawaiiPCS.com

 

Search For homes on Hawaii Home Search Link

Search For Homes on Oahu Hawaii MLS

Hawaii Real Estate Agent Website

Find a Hawaii Real Estate Agent on Oahu, Hawaii

Search Homes and Condos For Sale in Schofield Barracks, Hawaii

Search Homes and Condos For Sale in Pearl Harbor, Hawaii

Search Homes and Condos For Sale in Hickam Air Force Base, Hawaii

Search Homes and Condos For Sale in Marine Corps Base Kaneohe, Hawaii

Search Homes and Condos For Sale in Ft Shafter, Hawaii

Search Homes and Condos For Sale in Camp Smith, Hawaii

Search Homes and Condos For Sale in Tripler Army Medical Center Hospital, Hawaii

Search Homes and Condos For Sale in Wheeler Army Airfield, Hawaii

Search Homes and Condos For Sale in Honolulu, Hawaii

Search Homes and Condos For Sale in Mililani, Hawaii

Search Homes and Condos For Sale in Ewa Beach, Hawaii

Search Homes and Condos For Sale in Kapolei, Hawaii

Search Homes and Condos For Sale in Makakilo, Hawaii

Search Homes and Condos For Sale in Waipahu, Hawaii

Search Homes and Condos For Sale in Aiea, Hawaii

Search Homes and Condos For Sale in Pearl City, Hawaii

Search Homes and Condos For Sale in Pearlridge, Hawaii

Search Homes and Condos For Sale in Kailua, Hawaii

Search Homes and Condos For Sale in Kaneohe, Hawaii

Search Homes and Condos For Sale in Waialua, Hawaii

Search Homes and Condos For Sale in Diamond Head, Hawaii

Search Homes and Condos For Sale in Hawaii Kai, Hawaii

Search Homes and Condos For Sale in Portlock, Hawaii

Search Homes and Condos For Sale in Wahiawa, Hawaii

Search Homes and Condos For Sale in Waikele, Hawaii

Search Homes and Condos For Sale in Waianae, Hawaii

Search Homes and Condos For Sale in Maili, Hawaii

Search Homes and Condos For Sale in Nankuli, Hawaii

Search Homes and Condos For Sale in Makaha, Hawaii

Search Homes and Condos For Sale in Haleiwa, Hawaii

  

  

MILITARY BASES, POSTS AND FORTS ON OAHU, HAWAII AND POHAKALOA TRAINING AREA BIG ISLAND OF HAWAII

Schofield Barracks: Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii Schofield Barracks and adjoining Wheeler Army Airfield are the 2nd Brigade, 3rd Brigade, Aviation Brigade, 45th Sustainment Brigade and the 8th Military Police Brigade.  In addition, the 8th Theatre Sustainment Command, 65th Engineer Battalion, 25th Special Troops Battalion and the 556 Personell Service Battalion are also part of the Division team and play an integral role in the success of the Division.

There are also two Brigades that are stationed in other locations.  The 1st Brigade is stationed at Ft. Lewis, Washington and the 4th Brigade is stationed at Ft. Richardson, Alaska.

The 25th Infantry Divison has proudly served in numerous wars and conflicts around the globe.  The Soldiers that make up the division are currently deployed to several locations to include Iraq.

Pearl Harbor: Pearl City, Pearlridge, Aiea, Salt Lake, Honolulu, Waipahu, Oahu, Hawaii

Hickam Air Force Base: Pearl City, Pearlridge, Aiea, Salt Lake, Honolulu, Waipahu, Oahu, Hawaii

Marine Corps Base Kaneohe: Kaneohe, Kailua, Oahu, Hawaii

Camp H. M. Smith: Salt Lake, Moanalua, Honolulu, Aiea, Pearl City, Pearlridge, Oahu, Hawaii

Tripler Army Medical Center: Salt Lake, Moanalua, Honolulu, Aiea, Pearl City, Pearlridge, Oahu, Hawaii

Fort Shafter: Salt Lake, Moanalua, Honolulu, Aiea, Pearl City, Pearlridge, Oahu, Hawaii

Wheeler Army Airfield: Mililani, Wahiawa, Kapolei, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii

Helemano Military Reservation: Wailaua, Wahiawa, Mililani, Haleiwa, Oahu, Hawaii

Kahuku Training Area: Kahuku, Oahu, Hawaii

Kilauea Military Reservation: Hilo, Kona, Hawaii

Pohakuloa Training Area: Hilo, Kona, Hawaii

Makua Military Reservation: Waianae, Nanakuli, Makaha, Oahu, Hawaii

 

 

TEMPORARY LODGING FACILITIES FOR THE ARMY, NAVY, AIR FORCE, MARINE CORPS, COAST GUARD, RESERVISTS, NATIONAL GUARD, DOD CIVILIANS AND RETIREES ON OAHU, HAWAII

The Hale Koa Hotel on Waikiki Beach: Honolulu, H

The Inn at Schofield Barracks: Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii

The Royal Alaka'i at Hickam Air Force Base

The Lodge at Kaneohe Bay and the Cottages at Kaneohe Bay

Navy Lodge Hawaii at Pearl HarborThe Beach Cottages at Kalaeloa (formerly Barbers Point NAS): Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii

Tripler Army Medical Center Guest House

Bellows Air Force Station Beach Cabins

 

GOLF COURSES ON OAHU, HAWAII FOR ARMY, NAVY, AIR FORCE, MARINE CORPS, COAST GUARD, RESERVISTS, NATIONAL GUARD, DOD CIVILIANS AND RETIREES

 

Leilehua Golf Course (Army, Schofield Barracks) Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii

Walter Nagorski Golf Course (Army, Ft. Shafter)

Mamala Bay Golf Course and Kealohi Golf Course (Air Force, Hickam AFB)

Kaneohe Klipper Golf Course (Marine Corps, Kaneohe Bay)

Barbers Point Golf Course (Navy, Barbers Point): Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii

Navy Marine Golf Course (Obvious Right?)

 

COMMISSARIES ON OAHU, HAWAII FOR ARMY, NAVY, AIR FORCE, MARINE CORPS, COAST GUARD, RESERVISTS, NATIONAL GUARD, DOD CIVILIANS AND RETIREES

Schofield Barracks Commissary near Wahiawa, Waipahu and Mililani, Hawaii  Kaneohe Marine Corps Base Commissary near Kaneohe and Kailua, Hawaii             Barbers Point Commissary near Kapolei, Ewa Beach and Makakilo, Hawaii            Pearl Harbor Commissary and Hickam Air Force Base Commissary which are both near the cities of Pearl City, Pearlridge, Aiea and Honolulu.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Hawaii Honolulu County
Tags:
real estate
hawaii
military
search hawaii mls
making profit
va home loans
bah hawaii
rent vs buy hawaii
security deposit hawaii

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
161,453

1SG (Ret.) David Kucic

President and Owner
Ask me a question
*
*
*
*
Spam prevention

Additional Information