2018 got off to a great start with 23 in attendance at our first meeting of the year at Honua Studios. Bruce Pratt kicked off the meeting by breaking down the last quarter’s real estate sales in the market update. James and Leiola Augustine gave an excellent deal analysis which actually was two deals in one. Well-known local business figure and entrepreneur Mattson Davis thrilled the group with a rundown of development plans around the Read more
West Hawaii REIA’s December meeting was a Christmas Party, with 18 in attendance. There was plenty of good food from the Big Island Grill, and several who came were first-time attendees. While it was a party, we still had some of the regular features of our meetings. John Kennedy provided the monthly market update and Victor Leonardi presented his “In the News” feature. Victor took the opportunity to reflect back over some of the news Read more
November’s REIA meeting was held on Thursday the 16th at Honua Studios. Real estate agent John Kennedy, of Windermere C&H Properties, presented the market update. Kona investor Lee Cochran gave an enlightening and thorough deal analysis of a recent new build in Wainani Estates. Local CPA Jacob Burrill was the guest speaker for the month. Among Jacob’s topics were the importance of record keeping, how to manage and Read more
October’s meeting, held at Honua Studios on the 19th, had a number of new faces. Several investors traveled from the north and east sides of the island to hear what all the buzz is about in Kona. Our featured speaker, Elmer Solis gave an excellent analysis of a deal he recently completed in Ainaloa. Elmer graciously has allowed West Hawaii REIA to make his PowerPoint presentation of this deal available in our archives. Elmer also talked Read more
The September meeting, held at Honua Studios on the 21st, featured a speaker who is both an insurance agent and an active real estate investor. Kevin Yee, of Pyramid Insurance in Hilo, provided valuable information about what to look for when buying and insuring real estate. Understandably, a substantial number of questions from those in attendance focused on hurricane and flood insurance. Kevin also gave a brief overview of the first Read more
The August meeting was held at Honua Studios on Thursday, August 17th, with 15 people in attendance. Craig Camello, Vice President and Business Development Manager for Finance Factors was the guest speaker. Craig shared a number of different strategies for funding new builds and rehabs. Bruce Pratt provided the market update and Victor Leonardi reported on some of the real estate related happenings in the news. Read more
The meeting was held on July 20th at Honua Studios. Representatives from Habitat for Humanity Hawaii Island were our guest speakers. These included Dr. Ann Marie Muramoto, Vice President of the Board of Directors and Lisa Santana, M. Ed., Resource Development Coordinator. They presented information about the upcoming Blitz Build 2017, where the goal is to build ten homes in Kona in ten days.
The meeting was held on June 15th at Honua Studios. There were 12 in attendance, including a number of new faces. Local Kona attorney J. Porter DeVries was the guest speaker. Porter took some time to discuss the differences between LLCs and S-Corporations and the ramifications of organizing as each type of entity. He also talked about zoning considerations, as well as creating condominium property regimes. There were a number of questions from the group, including some of the laws regarding long-term rentals. Roy Dollwet presented a deal analysis of the first rental property he purchased, complete with rental income and capital appreciation. Leiola Augustine gave the market update and Bruce Pratt shared some of the real estate information that has been in the news.
Our May meeting was held at Honua Studios on May 18th. The crowd was a little smaller than usual, but the group was treated to an excellent presentation by Matt Takata, Senior Vice-President and Neighbor Islands State Manager for Title Guaranty. Matt discussed some of the historical trends on the island and entertained the group with a few interesting transactions he has seen in his many years at TG. Bruce Pratt again presented the market update and Victor Leonardi imparted some of the current real estate news items of interest.
The April meeting was held on April 20th at Honua Studios. Attendance was good with a number of new attendees present. Julie Marsocci and Kerrie Mattis from Lava Rock Realty were the main presenters. They discussed the rental property market and the benefits of using a rental agency. Bruce Pratt presented the market update. Victor Leonardi, fresh back from the National REIA cruise, discussed some of the new information he received, most notably regarding Millenials and homeownership.