Plan Now and Retire to Hawaii Sooner than Later

There is this little house in Waikoloa Village which could be your dream home in Hawaii. You may be thinking about moving to the Big Island at some point but would like find a property with a rental income which can offset your qualifying for a mortgage with a lender. Most lenders can ask for a rental schedule from an appraiser. Typically the amount a lender can offset your mortgage qualifying ratios is by crediting back 75 percent of the actual amount on a rental schedule. This might be a nice tool to qualify for a home while you actually are working and have two years of work history, pay stubs and tax returns prior to actually moving to Hawaii long term.

Most of the time you would need to get an investment loan which has a slightly higher interest rate; however, it might put you on a fast track to make a goal to move. You can secure a home such as this, which has renters in it, and extend the rental contract until you sell your current home or find another job in Hawaii or actually retire. This two bedroom, one bath home is on a premium flat lot with lots of potential.

MLS 614514 was just reduced to $439,000. Get away from the cold and embrace the warm climate minutes from world class beaches. This great community has an 18 hole golf course, stables, pool, tennis courts, fire department, and shopping center. This home is a practical single level home within walking distance to the Waikoloa Elementary School.

Contact me if you’re interested in seeing the property, and please remember renters will need a 48 hour notice to show.

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Jeff Schreiber

March 22, 2018


I’m hoping to retire to Hawaii in about 15 years.
So I’m saving money now to do this exact scenario from this blog.

Question: Is there a particular way to find houses that are for sale and are usually rented out? That way, I can offset the qualifying ratio as you point out and perhaps qualify to buy even though I have a mortgage on the house I currently live in.

If not a way to determine which houses rent, and I buy a house that’s not currently rented, how can I go about offsetting the ratio if it has no rental schedule?

You can reply here or email me back.


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