- Jan 2, 2006
- 10,455
- 35
- 91
I'm starting a subsidiary of my business in Hawaii. I'm moving there in about a month and I have a few options for housing in Honolulu:
1. Rent. Money down the drain, never to be seen again, but of course this depends on the rate. Many places in Honolulu go for $800+ a month though and $1000+ easily.
2. Buy. My parents and I have expressed interest in buying a smaller 2-3 bedroom apartment in a good neighborhood. My business partner and I will live there and pay the mortgage, which would amount to less than rent from my initial calculations. We don't know where to buy though. When we move on to other locations within half a year to a year we'll rent out the place. Anyone know good places to purchase rental properties?
3. Live in an RV. An RV and a truck would total about $20-50K I'd imagine. Not sure about the infrastructure around the area to deal with waste, water, internet access, and electricity. At the least I'd need waste and water hookups. Solar panels, batteries, and tethering for internet and electricity. Unsure about AC. Worried about hot and humid Hawaiian weather - I grew up in the cold and prefer it. I have no problem with the quality of living associated with an RV as long as there's AC, water, electricity, and waste removal.
Anyone have any comments on #2? Or any of the points above?
1. Rent. Money down the drain, never to be seen again, but of course this depends on the rate. Many places in Honolulu go for $800+ a month though and $1000+ easily.
2. Buy. My parents and I have expressed interest in buying a smaller 2-3 bedroom apartment in a good neighborhood. My business partner and I will live there and pay the mortgage, which would amount to less than rent from my initial calculations. We don't know where to buy though. When we move on to other locations within half a year to a year we'll rent out the place. Anyone know good places to purchase rental properties?
3. Live in an RV. An RV and a truck would total about $20-50K I'd imagine. Not sure about the infrastructure around the area to deal with waste, water, internet access, and electricity. At the least I'd need waste and water hookups. Solar panels, batteries, and tethering for internet and electricity. Unsure about AC. Worried about hot and humid Hawaiian weather - I grew up in the cold and prefer it. I have no problem with the quality of living associated with an RV as long as there's AC, water, electricity, and waste removal.
Anyone have any comments on #2? Or any of the points above?
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