All Forum Posts by: Han Yu

@James Chun II Thanks for the advice. Would you mind if I sent you pm?

@Kevin Hunter Thanks a lot for your honest opinion. I get depressed everytime I look at those numbers, thinking in retrospect what I should have done. A BP member brought to my attention that I could take a Lease Purchase route, in which case I would be able to find a tenant/buyer and possibly save on the commission. Do you know if there are market for it in our area?

Thanks everyone for the welcoming words.

@Kevin Hunter, It is in Kapolei, near the Kapolei Middle school

Good morning, I have a 2 Bed 2 Bath townhouse that I purchased last December. I am in the military, and was expecting to keep the house for another 2 years before I have to decide whether to rent or sell.

Recently I have came down on orders to move to Texas (begenning April 2019) and I have to make a decision whether to sell or rent. This property was my first purchase, and I regret not researching and studying about real estate before purchasing. As I read and study real estate investing, the numbers on my townhouse just looks worse and worse. I need some help and insight on how I should deal with this property, so below is the numbers:

Purchase price 392k, No down payment (VA)

Mortgage + HOA: 1950 + 500

Comparable rentals in the area runs 1800-2200, and there are now 6 units in the same townhouse complex on sale (4 in escrow) running 405k - 465k.

I am looking to pay at least 500 out of pocket if I am able to find a renter at 2k. If I sell, I might be lucky to walk out with no loss. Please share your thoughts on my situation, what you would do if you were me..

Thanks for your time and knowledge

Good morning, it's nice to be a part of this community. I wish I had known about BiggerPockets before my first purchase. My name is Han and I am from Wisconsin currently living in Hawaii. I am an Active Duty Soldier in the US Army, and due to the nature of military I have to relocate every 3 years or so. I am still young in the military career so my goal is to buy a property every place the Army sends me.

I have purchased a townhouse in Kapolei, Hawaii last December without knowing much about real estate, and now I have came down on orders to move to San Antonio, Texas. I wanted to be educated in real estate as much as possible before we look for a house to purchase in San Antonio area and that's when I found out about BiggerPockets.

Hope I could find answers about what to do with my first purchase in Hawaii and make the right move to Texas.

It's good to be a part of the community again.