New and moving to Hawaii. I want your opinions on my opportunity

[Andrew Meikle]

Thanks for the guidance here.  I am new to this but have been fortunate to have great equity in my current home.

I plan to move to the Big Island of Hawaii in the next year.  I have appx 200K equity in my current home and want to use this to get there.  The job market is thin there and will have to start a business which will be a cold pressed juice mobile establishment.

The finances will look like this:  80k to the new home of 280k. I will finance the 200k.

Pay cash for the mobile business of appx 60k well equipped.  This will leave a buffer of 60k to ensure I start up, and can keep running.  All goes well this will leave 60k to also re invest into something else down the road.  

I reach out to ask you all as I am completely new to this and hope to turn my main home as I have done before.  I also would like to invest in real estate as time goes on with any extra money that comes in.

Thanks so much for any insight you may provide.

Andrew