Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Hawaii Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

2
Posts
1
Votes
Gilbert Julian
  • Kapolei, hi
1
Votes |
2
Posts

I want to move central, what should I do?

Gilbert Julian
  • Kapolei, hi
Posted

Hey guys,
I'm fairly new to real estate. But after listening to BP, I tried the concept of house hacking I was hooked. I literally rent out a portion of my house as a studio and I get almost half of my mortgage paid. Even if my mortgage is 3100 -_- every little bit helps, you guys know the typical mortgage here in hawaii haha. I live in Makakilo, as you know kapolei is booming as the second city, but is far from EVERYTHING. My question is, where do I go from here? I want to move more central and hopefully start a care home business preferably salt lake, manoa, kaimuki area. Should I sell my house and do a 1031 exchange? Or should I try and rent out my both sides of my house, 1300 the studio, and maybe 2500 the other portion and cashflow it about 500-700 dollars, and then save up for 20% downpayment for a second house. What do you guys think, what would be the best way to move central, increase my cashflow, and spend the lease amount of downpayment. Thanks really enjoying the support. 

Loading replies...