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Real estate wealth is the most solid way to wealth if you step solidly. Slow but steady is much safer and wise than fast and furious in the long run.

Why LLCs?

Here are notes that I took during a Michael Bowman (favorite attorney) did for BOSS Business Services/Anderson Business Advisors. I use Michael to form the LLCs for me in Nevada.  I have filed for our own LLCs in Hawaii via the Hawaii State website.  LLC renewals in Hawaii are only $12.50/year.  LLC renewals in Nevada are $400+.  So why do I even have Nevada LLCs?  Because currently, our rental income prope ...

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Due on Sale Clause – when transferring title

I have been to several seminars - and the #1 problem investors have run into lately is the lack of being able to secure traditional financing from the banks. Phill Grove's AMPS or MAPS program seems like an excellent program.  Basically it "marries" people who have homes they cannot sell because they are underwater with their loans, with people who are unable to secure loans to buy their own home.  The new ...

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Dealer status – AVOID!

Here are a few articles/information/links about dealer status in real estate.  This is a very long page, with full articles from Greg Boots, Randy Swad, Michael Hauser, and Richard Frunzi, all of them licensed and very smart attorneys on the subject. Please take some time to read each article so that a clearer picture emerges as to the proper, proven, and legal way to structure your business to avoid the dr ...

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Return on Equity – brilliant!

I first heard the term "return on equity" or "ROE" from Paul Xavier of HiREI - our local real estate investor club here in Hawaii - a few months ago.  It struck me like a bolt of lightning - a new way of looking at what makes the best financial sense - and then, like a flash, the impact of it began to fade.  In other words, Aunty forgot about it. At last night's HiREI meeting, Paul lead an open forum type o ...

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Ozzie Jurock on investing

Here is a summary of Raymond Aaron's interview with Ozzie Jurock.  Ozzie Jurock is a great international teacher that has built up his own investment portfolio of real estate.  He is an investor adviser with a LOT of great credentials.  I suggest you listen to it yourself, but if not, here are my aunty notes: Real estate empowers you to have passive income. Find out who you are.  Shark (grave dancer, going ...

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Investing in Las Vegas

Las Vegas Real Estate – 9th Island of Opportunity Okay, if I had to choose between other mainland cities or Las Vegas, I’d bet my stack of chips on Vegas.  It really does feel like home, only hotter, colder, drier, and busier.  My favorite airline goes there non-stop and since I have their VISA card, I use my Hawaiian Miles to upgrade to first class whenever I can - THAT is truly the way to fly! In Vegas, t ...

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How Aunty buys in Vegas

I do things the easy way, but I try to do them well.  One of the secrets to that is to find good people that help.  I have been blessed with good luck in finding great people. My realtor, Martin Fajardo (martin@rarealty.net) is the number one key element in my Vegas real estate ventures.  Smart, young, awesome.  His motto is to under promise and over deliver.  That he does, time after time. It does help to ...

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Financing in Las Vegas

I use Wells Fargo in Las Vegas for our Nevada real estate entity.  Their online ease of use and level of customer service are exceptional.  My personal banker is Giovanni Anacta of the business banking division.  Giovanni helped me set up my business checking account and introduced me to a commercial lending officer as well as a mortgage loan officer.  I felt like the red carpet was rolled out for us.  Cont ...

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Playing Craps the Smart Way

Uncle doesn't gamble - which is good, because I love to.  When I go to Vegas, I don't play the slot machines because it has an inflated reputation of paying out big time with the reality of a fast way to lose money.  It is hope without much odds, but it makes for a fun way to sit and have free drinks. I like to play poker, especially when I get good hands.  Of course that is the only time I raise the bets a ...

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Investing in Hawaii

Hawaii is not the easiest place to invest, although there are ways to buy, rehab, and flip properties for a few thousand dollars profit.  With home prices in the half million and up range, there is little cash flow in buying and holding unless you are as smart and wise as Bill Harvey (now has a website! and will be able to meet him at almost any real estate meeting).  Maui has been hit pretty bad with forec ...

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