Tag Archives: schofield barracks

Feb 14, 2021 Hawaii Veteran Buyers Using VA Loan: Buyer Beware

This market on Oahu is crazy as we are all aware.  It’s really a great time to be a Seller for many reasons during these times.

My concern is with our Buyers, specifically our VA Buyers who are doing 100% financing as most VA Buyers do and then needing to leave on PCS orders in 3 years.

We have no idea how long this Sellers market will last and when it will swing back in favor of Buyers.  Once the market shifts back to a Buyers market, there is more competition amongst Sellers to attract Buyers and one of the ways they do that is by offering things such as lower price and paying for some or all of the Buyers closing costs.

If our VA Buyers are unable to sell their homes because they would have to come out of pocket with cash in order to sell, then their next logical choice is to turn it into a rental property.  That is great as long as the Owner is able to “eat” the shortage each month.

For example, let’s say Sergeant Smith buys a condo in Ewa Beach for $425,000 with 100% financing.  The maintenance and HOA fee is approximately $550 per month.  The mortgage payment would be about $1,625 per month.  That’s $2,175 total.  Those units rent for about $2,000 per month.   The property manager gets $200.  The GET that the owner pays is $120 per month.  This means that Sergeant Smith would be upside down by $495 per month and that doesn’t include any repairs that might need to be made.  

Please think about your future when purchasing a home rather than just jumping in without the knowledge of what could potentially happen in the future.

$765,000 Just Listed Ka Makana at Hoakalei Resort in Ewa Beach, Hawaii Feb 1, 2021

Great house. Great neighborhood. Owned PV panels. Two car garage. Three bedrooms, 2.5 Bathrooms. 1,500 SF interior. Come to our Public Open house on Feb 3rd from 10am to 12 noon or on Feb 6th from 2 to 5 pm.


January 2021: Rentals in Hot Demand in Ewa Beach, Hawaii

Its a trickle down effect. Buyers cant buy homes because there is too much competition and the Buyers cant wait forever so they are now turning to renting homes in Ewa Beach, Hawaii or moving into government housing. Its really a shame that these Buyers are not able to be competitive enough to buy homes but its all about “who has the most liquid cash to pay above the asking price for a house?” Typically, that is not my brother and sister Veterans that have this type of liquid cash so they are being priced out of the market. This makes renting a home even a difficult task for some Military Families since they are unable to purchase homes and now there is even competition for rental homes. Some of the most desirable areas in Ewa Beach, Hawaii such as the Hoakalei Resort properties of Ka Makana, Kuapapa and Lei Pauku, Ocean Pointe, Ewa By Gentry homes in all neighborhoods including Sonoma, Prescott, Haleakea, Cypress Point, Woodbridge, Carriages, Parkside, Tuscany, Montecito, Las Brisas, Tiburon, Cortebella, Terraza, Tides, Trades, SeaBridge, Coral Ridge, Latitude and Sandalwood to name a few.

Rental in Ewa Beach, Hawaii Four bedrooms, 2.5 bathrooms 1,600 SF

Single family home in Ewa Beach, Hawaii in the Montecito Tuscany subdivision of Ewa by Gentry. Corner house with 2 car garage and parking stall. Water, trash, sewer included in rent. Just a few houses away from community swimming pool. Very nice subdivision and well managed. Four bedrooms all on 2nd floor. Two full bathrooms on 2nd floor and one half bathroom on first floor. Central AC, fully fenced yard, nicely landscaped. For more information, contact David Kucic, Hawaii Military Realty, Inc at (808) 218-9338 or email to david@davidkucic.com. PLEASE DO NOT APPLY IF YOU HAVE POOR CREDIT. SORRY.

Hawaii Military Realty, Inc is the only real estate brokerage on Oahu that is dedicated to serving members of the Armed Forces, Retirees, Veterans, National Guard, Reservists, Department of Defense Employees and Government Contractors with buying homes on Oahu, selling homes on Oahu and property management.  We are the experts in real estate in Ewa Beach, Hawaii in communities such as Ewa by Gentry, Hoakalei, Ka Makana at Hoakalei, Kipuka at Hoakalei, Ocean Pointe, Westloch, Westloch Fairways.  We are also your experts on purchasing a home with a VA loan in Hawaii.

Hawaii Military Realty New Listing: Condominium For Sale in Mililani, Hawaii

In Mililani Mauka, Northpointe Terrace.  This is a 2 bedroom, 2 bathroom, ground floor, end unit with fenced yard.  It also comes with 2 assigned parking stalls.  All standard appliances included.  Close proximity to Schofield Barracks, Wheeler Army Airfield and the H2 Highway.  Listed at $305,000 Fee Simple.  NOT a short sale or lender sale.  Contact Hawaii Military Realty, Inc. or your personal Hawaii real estate agent for a  private showing.

2012 Hawaii BAH Rates For Schofield Barracks, Joint Base Pearl Harbor, Marine Corps Base Kaneohe, Tripler AMC, Camp Smith

The 2012 Hawaii BAH rates, (HONOLULU COUNTY) for Service members stationed at Schofield Barracks, Hickam AFB, Pearl Harbor (Joint Base Pearl Harbor), Tripler Army Medical Center (TAMC), Camp Smith, Barbers Point and Marine Corps Base Kaneohe have been published.

For most ranks, the BAH is decreasing for 2012.

Here are the amounts of increases (+)/decreases (-) for the WITH DEPENDENTS RATES:

E-1 , E-2, E-3 and E-4:  – $156  ($2016 down to $1860)
E-5:  – $141  ($2040 down to $1899)
E-6:  + $102 ($2385 up to $2487)
E-7:  + $57  ($2580 up to $2637)
E-8:  + $9  ($2793 up to $2802)
E-9:  – $36  ($3015 down to $2979)

O-1E:  + $45  ($2625 up to $2670)
O-2E:  – $12  ($2889 down to $2877)
O-3E:  – $48  ($3072 down to $3024)
O-1:  – $114  ($2079 down to $1965)
O-2:  + $96  ($2379 up to $2475)
O-3:  – $18  ($2916 down to $2898)
O-4:  – $78  ($3246 down to $3168)
O-5:  – $120  ($3477 down to $3357)
O-6:  – $123  ($3513 down to $3390)
O-7:  – $126  ($3549 down to $3423)

W1:  + $99  ($2391 up to $2490)
W2:  + $36  ($2667 up to $2703)
W3:  – $21  ($2928 down to $2907)
W4:  – $42  ($3048 down to $3006)
W5:  – $69  ($3192 down to $3123)

For more information on how to use your BAH to purchase a home in Hawaii along with information on VA Loans in Hawaii, contact Hawaii Military Realty, Inc.  We are your number one source of Military taking care of Military on the island of Oahu.  Nobody knows the Military Family the way another Military Family does.

1SG Kucic Reports on Mililani Hawaii: Two Separate Locations

The city of Mililani, Hawaii consists of 2 separate locations that are referred to as “Mililani Town” and “Mililani Mauka“.

Mililani Town mostly consists of older homes that were built starting in the early to mid 1960’s.  Mililani Town is located west of the H-2 highway.  In Mililani Town, you can find single family homes of a variety of sizes and some with with generous lot sizes, townhouses and condominiums. 

Mililani Mauka which is east of the H-2 highway has newer homes that were built starting in the early 1990’s.  The word “Mauka” means “toward the mountain”.  Mililani Mauka is built on the side of the mountain heading up towards the top.  The earliest phases of construction started at the bottom of the mountain and the last phase ended up much higher.

Military personnel that are relocating to Hawaii love Mililani Mauka and Mililani Town because it is very close to Schofield Barracks (Tropic Lightning), Wheeler Army Airfield and Kunia Tunnel (approximately a 10-15 minute drive).  It is also very conveniently located close to Hickam Air Force Base, Pearl Harbor, Tripler Army Medical Center and Camp Smith.  The drive to the latter bases is a little longer at 20-30 minutes.

Home prices in Mililani Town and Mililani Mauka range from the mid 200’s for a condominium to over 1 million dollars for a single family home.  Every single family home in Mililani, Hawaii is eligible for purchase with a Hawaii VA Home Loan and ALMOST every townhouse and condominium in Mililani is eligible for purchase with a Hawaii VA Home Loan.

Mililani, Hawaii is located in Central Oahu.