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Old 03-10-2011, 08:42 PM
 
229 posts, read 759,863 times
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I'm currently in Maui working for an Air Ambulance company. I'm also about to get my HI real estate license for "side" work.....

Our goal is to get back to Cincinnati/N.KY in the next 2-3 years. I had a great corporate flight job that may or may not return in the next 5 years. (we're unionized and I have recall rights whenever they decide to recall us).

My back-up plan, in case I don't get a recall soon, is to transfer from Maui to a place like Sibcy Cline or similar, we used to live in Florence and would like to return there..

In 2-3 years our bills will be pretty much paid off and our current home "should" make us a bit of money considering we bought it this year as a foreclosure and I'm assuming a possible 15-20% increase in value by then. (really really hoping!) Since I'd be starting out new in the area I plan on renting in Oakbrook and using the savings to get by until I get going in the new area.

First question is: how easy is it to transfer from one state to another? Do you still have to jump through all the hoops, or is it a matter of showing competancy with a test or something similar?

2nd question: Given the market may not be great now, in 2-3 years what is the forecast for real estate in the area over the next 24-36 months? Are current realtors seeing increased movement? I've noticed a few "price reduced" homes but all in all it seems as though the home values remained somewhat in tact. Unlike Maui County where values dropped almost 50% the last 2 years.

3rd question: Has anyone else, or do you know anyone else, who has transferred in to a new market and started from scratch with no other income coming in? If the market here does what I'm hoping, we should have atleast a year or more of savings to live off of without any income after the move. But I'd assume to atleast make a little bit in the first year in cincy to help.

4th Question: Does this sound feasible at all. Without knowing me, I can be a workaholic if needed. Especially if the more work I do produces more income. I am educated and strive to be as professional as possible. IE" suit and tie, firm handshake, always return phone calls, and am obsessed with getting paper work correct. (my biggest pet peeve with our current home was our realtor forgetting paper work here and there)

Thanks,
Steve
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