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.

GradeWith DependentsWithout Dependents
E01 $2,526 $1,992
E02 $2,526 $1,992
E03 $2,526 $1,992
E04 $2,526 $1,992
E05 $2,844 $2,133
E06 $3,297 $2,472
E07 $3,465 $2,598
E08 $3,648 $2,940
E09 $3,831 $3,078
W01 $3,318 $2,490
W02 $3,543 $2,937
W03 $3,765 $3,087
W04 $3,858 $3,342
W05 $3,975 $3,513
O01E $3,504 $2,847
O02E $3,732 $3,042
O03E $3,873 $3,294
O01 $2,901 $2,202
O02 $3,294 $2,739
O03 $3,756 $3,135
O04 $4,014 $3,480
O05 $4,194 $3,582
O06 $4,230 $3,750
O07 $4,272 $3,822
GradeWith DependentsWithout Dependents
E01 $2,784 $2,088
E02 $2,784 $2,088
E03 $2,784 $2,088
E04 $2,784 $2,088
E05 $2,913 $2,397
E06 $2,967 $2,664
E07 $3,132 $2,787
E08 $3,318 $2,928
E09 $3,507 $2,937
W01 $2,979 $2,748
W02 $3,210 $2,925
W03 $3,438 $2,940
W04 $3,537 $3,003
W05 $3,660 $3,177
O01E $3,171 $2,916
O02E $3,402 $2,931
O03E $3,555 $2,955
O01 $2,925 $2,655
O02 $2,964 $2,871
O03 $3,426 $2,943
O04 $3,702 $3,144
O05 $3,894 $3,252
O06 $3,927 $3,423
O07 $3,966 $3,486
GradeWith DependentsWithout Dependents
E01 $2,187 $1,641
E02 $2,187 $1,641
E03 $2,187 $1,641
E04 $2,187 $1,641
E05 $2,346 $1,875
E06 $2,568 $2,040
E07 $2,583 $2,190
E08 $2,592 $2,397
E09 $2,640 $2,457
W01 $2,580 $2,139
W02 $2,589 $2,394
W03 $2,601 $2,463
W04 $2,655 $2,565
W05 $2,727 $2,583
O01E $2,586 $2,349
O02E $2,595 $2,439
O03E $2,664 $2,559
O01 $2,379 $2,025
O02 $2,565 $2,295
O03 $2,598 $2,484
O04 $2,751 $2,571
O05 $2,859 $2,586
O06 $2,883 $2,589
O07 $2,910 $2,631
GradeWith DependentsWithout Dependents
E01 $2,145 $1,620
E02 $2,145 $1,620
E03 $2,145 $1,620
E04 $2,145 $1,620
E05 $2,379 $1,803
E06 $2,793 $2,094
E07 $2,814 $2,154
E08 $2,823 $2,463
E09 $2,913 $2,592
W01 $2,811 $2,109
W02 $2,820 $2,460
W03 $2,832 $2,601
W04 $2,946 $2,796
W05 $3,090 $2,814
O01E $2,817 $2,382
O02E $2,826 $2,559
O03E $2,964 $2,790
O01 $2,430 $1,908
O02 $2,790 $2,301
O03 $2,829 $2,643
O04 $3,141 $2,802
O05 $3,366 $2,817
O06 $3,396 $2,820
O07 $3,426 $2,865
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