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Updated over 5 years ago,
Moving to Hawaii From Chicago
Hi everyone. Posting here to see if I haven't thought of something. My family and I are moving to Oahu in a month. There I will be working as an engineer. Leaving behind in Chicago 2 properties; a two-flat and a three-flat. They are all going to be fully rented out and I don't plan on selling them. 80k of HELOC is available to me from one of them.
Once in Hawaii, I will not be able to invest in real estate locally due to the million dollar entry requirement for Oahu. I am considering a few options.
-Buy back taxes in states where it makes sense (NC, FL & Texas)
-Buy condos in Chicago (pro: relative maintenance free)
-Partner up with a friend and BRRRR in Chicago
If you were me what would you do? We plan on being in Hawaii 10+ years.