Should Military Families buy a House while stationed in Hawaii?

Should Military Families buy a House while stationed in Hawaii?
Hawaii is the dream assignment for many military families. Living near the beach and enjoying the beautiful warm ocean are some of the benefits of living in paradise. Investing in a home here can make it that much better!
We’ve helped dozens of military families make hundreds of thousands of dollars on Hawaii real estate, using their HUGE non taxable housing allowance. Many military families can afford between $600k and $1million, and you should take advantage of it while you’re here! You may feel like that is way too much to spend on a house, but remember, Hawaii real estate has historically risen between 4-10% per year. I have seen many families make up to $400,000 in profits on their Hawaii home in just a few years!

DON’T WASTE MONEY ON RENT!
There are a whole lot of military families in Hawaii, buying and selling real estate, and making a ton of money in the process. It’s the American way, and since you are putting your lives at risk for our freedom, you’re worth every penny! If you rent a home for $3000 per month for 3 years, that’s over $100,000 in rent that you will never see again!

There are several military bases in Hawaii, which means there are military families everywhere! 10% of the population of Hawaii is military! So you want to find a home that is near enough to your base to allow you to commute.
Market Considerations and Pricing
Home buyers must consider numerous factors in addition to the mortgage and down payment, such as the price of the home versus the average price within the local area, the rate of foreclosure, and health of the local market. Other factors to take into account include real estate taxes, home ownership association fees, and the cost of insurance, all of which will increase the monthly cost of your home.

Tax Benefits

Don’t forget that when you own a home, you get to deduct the mortgage interest you pay on your loan from your taxes. This effectively decreases your monthly home expenses (which include mortgage payment, real estate taxes, homeowners insurance, and any association fees) and should be taken into account to determine the true cost of home ownership.

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