Hey everyone, I'm a new member to bigger pockets. I am in the Navy and on my way to Guam. I have been following the BP Podcasts for awhile now and I'm looking to finally pull the trigger being in an area for a long enough time to purchase a property. I am looking to purchase a duplex up to a 4 plex and use my VA loan. Does anyone have any insight into the Guam market? Or any advice they would like to pass on to a new guy? Thank you all and take care.

Owen

Originally posted by @Owen B. :

Hey everyone, I'm a new member to bigger pockets. I am in the Navy and on my way to Guam. I have been following the BP Podcasts for awhile now and I'm looking to finally pull the trigger being in an area for a long enough time to purchase a property. I am looking to purchase a duplex up to a 4 plex and use my VA loan. Does anyone have any insight into the Guam market? Or any advice they would like to pass on to a new guy? Thank you all and take care.

Owen

 I don't know. To quote "Hank" Johnson Jr. (D) Rep.  Georgia's 4th congressional district,

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During a House Armed Services Committee hearing on March 25, 2010 concerning the U.S. military installation on the island of Guam, Johnson said to Admiral Robert F. Willard, Commander of U.S. Pacific Command, 

"My fear is that the whole island will become so overly populated that it will tip over and capsize", to which Admiral Willard replied, "We don't anticipate that happening.

@Owen B. Nice to "see" you again, Owen.

When do you anticipate you'll actually be on island and settled in?  My wife and I invest here and are from here.  She is also in the process of getting her RE license.  Would be glad discuss our thoughts on the market sometime.  Safe travels.  John

Originally posted by Account Closed:

Originally posted by @Owen Bradley:

Hey everyone, I'm a new member to bigger pockets. I am in the Navy and on my way to Guam. I have been following the BP Podcasts for awhile now and I'm looking to finally pull the trigger being in an area for a long enough time to purchase a property. I am looking to purchase a duplex up to a 4 plex and use my VA loan. Does anyone have any insight into the Guam market? Or any advice they would like to pass on to a new guy? Thank you all and take care.

Owen

 I don't know. To quote "Hank" Johnson Jr. (D) Rep.  Georgia's 4th congressional district,

*********************************

During a House Armed Services Committee hearing on March 25, 2010 concerning the U.S. military installation on the island of Guam, Johnson said to Admiral Robert F. Willard, Commander of U.S. Pacific Command, 

"My fear is that the whole island will become so overly populated that it will tip over and capsize", to which Admiral Willard replied, "We don't anticipate that happening.

 Hilarious.  The admiral's response is priceless though.  Epitome of military bearing haha.

@John T.

We have a 3b/2ba in Dededo that we are trying to figure out what to do with. Our longterm plan is buy and hold. How is the rental market in Dededo these days? Any thoughts on Airbnb? What’s rent for? Quick internet search shows $1500 to $2000 a month...is that about right?

Originally posted by @David Ferreras :

@John T.

We have a 3b/2ba in Dededo that we are trying to figure out what to do with. Our longterm plan is buy and hold. How is the rental market in Dededo these days? Any thoughts on Airbnb? What’s rent for? Quick internet search shows $1500 to $2000 a month...is that about right?

 Apologies for the late response.  I'd say buy and hold should be your target.  Not sure if you'll be on island to manage, but PM is a factor to consider.  However, dededo is patchy...you kind of need to look at it street by street or cul-de-sac by cul-de-sac.  You would have a better gauge on the rent if you looked at the others.  I'd say 1100-1500 would be range.

I've never done airbnb.  If memory serves, I believe the new laws have placed a higher tax percentage on this (vacation) type of rental income though.  Hope this helps.