Hello from the wonderful island of Oahu

[Charles Wei]

Hey. My name is Charles. I am active duty stationed out in Hawaii. My family and I have been here for 4 years and will be here til at least 2021. I have wanted to own real estate since I was in my early 20’s. I have considered buying in all the locations I have been in but never knew really how. My wife and I finally bought in 2011 and moved in 2013 due to the military and have rented the home out since. Now we are looking at possibly buying a true investment property. I would love to meet with anyone and learn as I am new.

[William Doom]

@Charles Wei are you renting here on Oahu? or living on base? The reason I ask, you still most likely have access to your VA entitlement. We have the highest VA eligibility amount in the U.S. Even if you used your VA to purchase your previous home you still most likely have a portion of your VA entitlement (unless you used all $721,050).

If you are renting here. I would highly recommend you buy your primary first before purchasing a rental. You can use the remaining portion of your VA.

Assuming you rent (a lot of assumptions today) the avg rent on oahu is $2,000 you are tossing away over $24k a year and by 2021 roughly $72k that you will pay to your landlord, even worse, if you are living on base you are giving up all that BAH.. 

Leverage your VA buy a primary here, live in it when it's time to leave we refinance it to a NOO free up your VA entitlement and you use it to buy your next primary when you PCS. You will start acquiring rentals every time you PCS.

Feel free to hit me up I help vets realize the dream of homeownership daily. I would be happy to powwow with you.