Own 2 properties. VA loan maxed. Little savings. How to buy more?

[James Jones]

Hello everyone!

Ok so I currently own 2 Homes financed through VA loans. One in Grovetown GA which is entirely covered by a tenant for the last 4 years, and one I'm living in in Ewa Beach Hawaii. I just closed on the current house this past August but I have discovered that I will be heading to another Duty station this August.

The house in Georgia is worth $170k and I owe $155k on it. I've already refinanced it back in 2012. The house here in Hawaii is worth $595k and is projected to appreciate $30k this year. I see this property going up $100-150k in 3-5 years.

I know that I want to buy another property when I move. What are my options? Should I wait a few years and look into a home equity loan? Should I look at selling the Hawaii property closer to maturation? I'm trying to establish $10k in residual income by or shortly after retirement which is 12 years. I know it's a lofty goal but I'm just aiming high. Any insight?