All Forum Posts by: Elijah Wichers

I am moving to Hawaii with the military soon and want to know if buying a condo is a good investment. Condos are the only affordable thing and I want to get started and own a place. However, with hefty HOA fees and high interest rates, my housing allowance will be exhausted and maybe even exceeded. Is it still worth while to buy and try to gain some appreciation and even some cash flow if I rent it out down the line? Or is now not a good time or are condos a no-go? I just want to learn and make the most financially sound decision. Unfamiliar with the area and how real estate operates there

@Lauren Ruppert

Ok. Thanks for the info!

@Matt Buroni MBA

Well if you can find a cash flowing property with 3.5% down on an FHA that has PMI, I figured if a conventional lender would allow a really low down payment assuming you get PMI that you could theoretically still find a cash flowing property and not have to reside in it. And I am currently teaching myself about real-estate so when I am ready to buy, I can make a well-educated purchase

@Cody Cross

Thanks for the input! Will consider!

@Tucker Cummings

Basically that is what I am asking. Assuming a conventional loan would allow you to pay a lower down payment in exchange for a PMI cost. But yes, that deal sounds appealing!

@Wendy Thurst

Great to know. Thank you Wendy!

@Alexander Murillo

Definitely will do that. Thanks for the input.

@Matt Bishop

Smart thinking. That would make the most sense as not to take away from cash flow and to cut expenses ASAP. I would have to dig deeper into loans! Thanks

@Joe Splitrock

Ok. Thank you for that clarification. Much appreciated!

@Grey Drummonds

Thank you for the friendly and insightful response. I appreciate the feedback!