Buying Hawaii Real Estate in the Military

I’m in the military, should I rent or buy in Hawaii?

Great question! This is a question that our clients ask us on a regular basis.

On this page, you’ll find information that will help you make the right decision.

Reasons to Buy

  • Sell for profit when you move.
  • Mortgage payment increase equity.
  • Rental income if you move.
  • Free to make any changes you like.
  • Tax deductions.
  • No rental renewal worries.
  • Monthly payments less than rent.

Reasons to Rent

  • Easier to move.
  • Landlord fixes problems.

Is your BAH going to your pocket or someone else’s?

Would you rather give your basic housing allowance to your landlord or pay it to yourself and build equity?

On the right you see a chart with BAH for those on the island of Oahu with dependents. This housing allowance is enough to use for rent and in most cases more than enough for monthly payments to purchase your own home.

If you decided to put your BAH into a new home, you can own a piece of paradise now and for years to come, and you’re mortgage payments will likely be less than rent.

Contact Shannon Severance at (808) 426-8772 to learn what properties are available that fit your BAH.

Grade With Dependents Without Dependents
E01 $2,205 $1,653
E02 $2,205 $1,653
E03 $2,205 $1,653
E04 $2,205 $1,653
E05 $2,451 $1,839
E06 $2,946 $2,211
E07 $3,030 $2,274
E08 $3,123 $2,550
E09 $3,186 $2,703
W01 $2,949 $2,214
W02 $3,069 $2,544
W03 $3,180 $2,718
W04 $3,189 $2,967
W05 $3,195 $3,051
O01E $3,048 $2,451
O02E $3,165 $2,670
O03E $3,192 $2,946
O01 $2,505 $1,959
O02 $2,937 $2,367
O03 $3,174 $2,769
O04 $3,198 $3,039
O05 $3,210 $3,093
O06 $3,243 $3,180
O07 $3,276 $3,243
Grade With Dependents Without Dependents
E01 $2,466 $1,980
E02 $2,466 $1,980
E03 $2,466 $1,980
E04 $2,466 $1,980
E05 $2,631 $2,196
E06 $2,961 $2,328
E07 $3,072 $2,478
E08 $3,192 $2,697
E09 $3,363 $2,799
W01 $2,964 $2,406
W02 $3,120 $2,694
W03 $3,267 $2,808
W04 $3,399 $2,988
W05 $3,555 $3,099
O01E $3,096 $2,631
O02E $3,246 $2,775
O03E $3,423 $2,961
O01 $2,667 $2,304
O02 $2,952 $2,574
O03 $3,261 $2,841
O04 $3,615 $3,084
O05 $3,864 $3,153
O06 $3,903 $3,267
O07 $3,942 $3,333
Grade With Dependents Without Dependents
E01 $1,806 $1,353
E02 $1,806 $1,353
E03 $1,806 $1,353
E04 $1,806 $1,353
E05 $1,974 $1,479
E06 $2,025 $1,659
E07 $2,046 $1,815
E08 $2,070 $1,986
E09 $2,124 $1,998
W01 $2,028 $1,740
W02 $2,055 $1,983
W03 $2,085 $2,001
W04 $2,139 $2,028
W05 $2,202 $2,052
O01E $2,049 $1,974
O02E $2,079 $1,995
O03E $2,148 $2,025
O01 $1,980 $1,635
O02 $2,022 $1,917
O03 $2,082 $2,007
O04 $2,229 $2,049
O05 $2,331 $2,061
O06 $2,355 $2,085
O07 $2,379 $2,127
Grade With Dependents Without Dependents
E01 $1,908 $1,482
E02 $1,908 $1,482
E03 $1,908 $1,482
E04 $1,908 $1,482
E05 $1,920 $1,758
E06 $2,379 $1,899
E07 $2,385 $1,908
E08 $2,394 $2,010
E09 $2,478 $2,154
W01 $2,382 $1,902
W02 $2,391 $2,007
W03 $2,406 $2,166
W04 $2,505 $2,382
W05 $2,628 $2,391
O01E $2,388 $1,920
O02E $2,400 $2,121
O03E $2,523 $2,379
O01 $1,968 $1,896
O02 $2,370 $1,914
O03 $2,403 $2,214
O04 $2,676 $2,388
O05 $2,874 $2,394
O06 $2,904 $2,400
O07 $2,931 $2,448
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