Why Should Military Families Buy In Hawaii

Dated: 05/02/2018

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You Are in the Military, Why Should You Buy a Home in Hawaii?

By: Randy Prothero


Buying a home in Hawaii could be a means to an end. Your BAH (Basic Allowance for Housing) combined with your VA benefit, will give you an opportunity to start to build wealth.

Here are the most common concerns about buying a home in Hawaii.

• We will only be here a few years.

  • How long will you be at your other duty stations? If you do not buy now when will you buy?

• Homes in Hawaii are so expensive.

  • So is renting.

  • Your BAH in Hawaii is higher than other places, offsetting the expense.

The government will buy you a home.

• The VA Loan Program gives you a no down payment mortgage. (100% loan)

  • No mortgage insurance.

  • VA interest rates are competitive and many times it is lower than conventional loans with 20% down.

•  The interest on your mortgage payment is tax deductible. You get a double

tax benefit on your BAH.

  • If you rent you get no tax benefit and you pay someone else’s mortgage for them.

• If you take base housing you are just giving back one the biggest benefits your military service has earned you: Home Ownership and saying no thank you.

You can build wealth while in the military.

• Prices in Hawaii appreciate over time.

  • In 1985 the median priced single-family home on Oahu was: $158,000.

  • In June of 2016 the median priced home was: $760,000.

  • Over the short term, they can and do go up and down. Like you hear on the radio ads, past performance is no guaranty of future performance. Although it is the best indicator.

What if prices are down when I PCS out?

• Have an exit strategy.

  • The military always has an exit strategy when they go into battle, so should you. Buy a home that you can rent out when you leave and still make you payments. That gives you the option of selling it or keeping it when you leave.

  • Do not buy the home of your dreams. That comes when you retire from the military or after you have had more time to build wealth. Buy a means to your end.

How to get started?

Contact us at: (808) 352-0756 or [email protected] to set an appointment with a VA specialist. We can walk you through the process.  Feel free to check out my website and browse the market online at www.OahuHale.com.


eXp Realty 100 Kahelu Ave #233 Mililani, HI 96789

Copyright © 2017 by Randy L. ProtheroRandy L. Prothero, Principal Broker of eXp Realty Inc.


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Ling Jackson

MEET LING JACKSON A graduate of the University of Alabama at Birmingham (UAB) and proud member of the Alpha Omicron Pi Sorority, I started my career as a high school math teacher, and later moved in....

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