A Look Back at 2018: A Conversation Between the Co-Founders

As we’re wrapping up 2018, we thought it would be a good time to stop and reflect on our busy and productive year. I sat down with Hughes Private Capital co-founder Steve Sixberry to chat about what we learned and experienced, and what we’re looking forward to in 2019. Enjoy!
— Greg

Make Security a Priority

I’ll admit, this isn’t our most exciting Saturday email, but it is important. Great Basin Federal Credit Union sent me this resource about scams and fraud, and I thought it was worth passing on to all of you. When it comes to security, it seems the crooks come at us from all directions.

Timing is Everything

In a Hughesletter from earlier this year, Hughes Private Capital co-founder Steve Sixberry shared the story of his unconventional career trajectory. This month, he writes about the intense process of selling his cellular network company to Sprint/Nextel in 2006. Hope you enjoy!

American Greed

Have you ever watched the television show called American Greed? I like to record it and watch it when I have time. If you’re not familiar with it, the show highlights people or companies who are unethical and take other peoples’ money.

Rental Prices in Big Cities Can Be Volatile

Is the rental market cooling down or heating up? It depends on how you interpret the Bloomberg Weekly article below. According to the figures in the article, there is no doubt that rental prices are losing their steam in rent increases overall, compared to recent years.

7 of Our Cities are in the Top 13 (out of 50)

A recent article by HouseCanary reported on the top 50 metropolitan statistical areas (MSA) for price growth in Q1 of this year. Seven cities where Guardian Fund purchases homes (in the Heartland of America) made the list. That is good news, but not what we are really interested in since our properties don’t go up or down much in value.

In 3 Minutes… See How Much You Could Save in Taxes

If you were to sell your investment property tomorrow, do you know how much you would owe in taxes? The answer might surprise you. We built a 1031 Exchange Tax Savings Calculator that helps you answer this question. After feedback from some trusted investors, we’ve simplified and improved the calculator, so it’s something you can easily do on your own – no CPA required.

I Need a Raise. I Only Make $117,000!

Did you know that in San Francisco, if you make $117,000 a year as a family of four, you are considered low income? It might be time to get out of Dodge when the Department of Housing and Urban Development makes that claim for your city. Imagine making $117,000 and qualifying for affordable housing developments!

Stop Beating Around the Bush. Tariffs = Taxes

Tariffs might not be the most interesting topic, but it’s certainly timely (you might remember that I recently wrote about the trade war). No matter how much I know or continue to read about tariffs, it’s a complex topic and I’m always learning more.

Why Investors Fail

Recently, a friend sent me an article about “why investors fail.”  The article was specific to real estate, so of course I wanted to make sure I didn’t have any of the negative tendencies it mentioned.  But, darn it, I didn’t want to admit it — but I do!...

My Life as a High-Tech Cowboy

This is a guest article from Hughes Private Capital Fund Manager and COO, Steve Sixberry. You may have met Steve at one of our events or seen his face on some of our marketing materials. We thought it was time for Steve to share some of his interesting...

One More Check Off the Bucket List

A friend of mine named Gene used to fly Cobras — attack helicopters used by the United States Marine Corps.  While he was flying Hueys (another prestigious helicopter used by the US Army) during the Vietnam War, he was shot through the calf and the knee...

Unbelievable & Unlimited New Tax Break for Investors

What if companies and investors were incentivized to invest in the American cities that need it most, but are often overlooked because of poverty and unemployment? A group of billionaires and politicians may have a creative solution to make this a reality.

Movin’ on Up… (you know the rest!)

Go ahead and finish the title of this article with the theme song to The Jefferson’s. I know it’s already in your head.
“Well we’re movin’ on up, to the east side. To a deluxe apartment in the sky…”

Draining the Swamp, One Bureaucrat at a Time

1984 was a notable year for two reasons: It was the year I graduated from high school and the year Congress failed to drain the swamp. That’s right—Trump wasn’t the first politician to have the idea, but I’m hoping that with a little bit of persistence, and some good guys on our side, the idea can finally be successfully executed.

A Primer to Understanding “Stepped-Up Basis”

Cindy Armentrout, Esq. has been practicing law for nearly ten years and specializes in tax planning, asset protection, and wills. Cindy kindly provided this primer on how the step-up in basis works for surviving spouses, including ways that they can receive the full stepped-up amount even if they live in a non-community property state.

The Lingering Consequences of Greece’s Big Fat Lie

Greece may seem like a dream place to live, but I’d tell you to thank your lucky stars that you’re an American citizen.  The people of Greece face shockingly low wages, high unemployment rates, and get around by scooter.  Scarily, they only have two main industries keeping their economy from totally collapsing.  The challenge they are facing as a country is mostly of their own making and stems out of their big fat lie. 

The Baby Carrot Boom

Do you know the history behind baby carrots? This is one of my favorite stories about industry disruptors and changers. Baby carrots haven’t been around all that long. In fact, baby carrots have only existed since 1989. How is that possible? You would think they would have been around ever since the first carrot was grown.

Trump is Wrong to Start a Trade War

I don’t think a trade deficit is bad. In fact, it really is the other way around. The greater the deficit, the more prosperous we are as a nation and as the world’s super economic power. In my opinion, President Trump is making a mistake by turning trade into a political issue.

Think You’re Diversified? The Most Common Mistake Investors Make

Sir John Templeton, respected investor, banker, and fund manager was on the right track when he said, “Diversify. In stocks and bonds, as in much else, there is safety in numbers.” From companies diversifying a product line to investors diversifying a portfolio, there is not only safety, but a much greater likelihood of growth when you have your money, assets, products – whatever – strategically allocated among different pieces of the pie.

My Kids Said the Darndest Things

Remember the show “Kids Say the Darndest Things” with Art Linkletter? I stumbled upon some of the darndest things that my four kids said growing up. Since Father’s Day was this month, I thought it would be fun to share with all of you fellow parents.

8 Days in China: Eating Frog and the Capitalist Front

I recently returned from an eight-day trip to China with seven of my “forum” group members, and boy am I still jet-lagged. The other day, I woke up at 1:30 in the afternoon after having gone to bed at 11:00 the night before. But the jet lag has been well worth the experiences I had in Beijing and Shanghai.

Adios to a Few Dodd-Frank Regulations (We Won’t Miss Ya!)

I was hoping to see this happen: Just last month, Congress voted to significantly roll back many of the Dodd-Frank regulations. Of course, not everyone is in agreement as to what should be kept and what should be rolled back, because, like always, there are at least two sides to every story.

Can You Guess Which City Has the Best Rental ROI?

We often say that we invest in the “most profitable housing market in the country.” This means that we buy affordable homes, valued between $25,000 and $60,000, in the heartland of America. We’re not the only ones who know that this is the best market to be in.

The Lonely Life of a Real Estate Stock

In a recent article in the Wall Street Journal, “Real Estate Stocks Are on Sale, but No One Is Buying,” WSJ reporter Ken Brown discusses the underlying love-hate relationship investors have with real estate and the fact that real estate stocks are a lonely asset right now, waiting and hoping to be scooped up, in spite of the fact that they’re more affordable than ever.  What gives?

Start Them Early

It’s indisputable: children are the future. If we don’t teach our youngest how to earn, save, and invest money, our future (and theirs!) could be in a boatload of trouble. What are you doing to help teach your kids, grandkids, or even great-grandkids about money?

What Losing $250,000 Taught Me — Part 3

This is conclusion to my three-part saga about how I lost money in a bad investment.  (This was before Steve and I met and founded Hughes Capital.  It was a painful experience, but of course, the greatest learning experiences usually are.)  Be sure to read parts 1 and 2 before continuing with part 3.

Finland’s Test

I believe that most people are charitable.  If we have the resources, and if we believe that our charity will make a difference, most of us don’t think twice about helping another person or family in need. 

What Losing $250,000 Taught Me — Part 2

No one in their right mind enjoys feeling like they’ve been duped — or, worse yet, actually being duped. But, I’m here to tell you that it happens to the best of us, sometimes even after doing our due diligence and checking all the right boxes. This is the second article in a 3-part series in which I share my experiences and invaluable lessons learned as a result of having invested in a seemingly-profitable, winner-of-an-investment-deal gone bad.

What Losing $250,000 Taught Me — Part 1

Whenever I speak at an event, I often include the story of how I lost a big chunk of money in a bad investment. Why do I share this, when it could potentially cause people to doubt my judgement and skill as an investor?

Stop Asking Children These Seven Questions

I recently started receiving Ozan Varol’s weekly blog posts.  He is a self-proclaimed contrarian thinker.  A few weeks ago, he sent this post on seven questions to stop asking children.  The questions are terrific!  I wish I had this 26 years ago to have made family dinner time with our four kids even more productive and interesting.

A Nice Day for a White Wedding

It was more of a white day for a nice wedding.  My oldest son, Hayden, was married on March 24th at Donner Lake.  While being married on a lake sounds like a wonderful idea, for those of you not familiar with Donner Lake, it lies smack in the middle of the inhospitable land that resulted in the tragic end of the infamous Donner Party. 

My Dinner with Dinesh

My wife Tanja and I had the honor of meeting and getting to hear from one of my idols, Dinesh D’Souza, at a dinner function a few weeks ago.  Dinesh is an immigrant from Mumbai, India (formerly Bombay), and has had a very interesting career here in the United States where he has been a citizen for more than 27 years.

Capital Gains Loophole You Should Know About

Did you know that if you have an investment property you want to sell, but you don’t want to pay taxes on the capital gain, you can do what’s called a “1031 Exchange” and have the taxes deferred? That nice ol’ government agency that we all know and love — the IRS —...

The Greatest Gift to Leave Your Grandchild

What if I told you that you could give your children, grandchildren, and even your great-grandchildren an incredible, one-time gift that allows them to invest and compound money over their entire lifetime, completely tax-free? 

Fresh Perspective for the EPA

It is really refreshing to hear Scott Pruitt, administrator of the Environmental Protection Agency, speak about helping the American people by being our partner rather than our adversary.  The government is in place to serve and protect us, and to keep the law of the...

Do You Know Why Fannie Mae Is #1 in the World?

I don’t know if I am impressed or appalled by the fact that Fannie Mae and Freddie Mac are in the #1 and #3 positions in the world for the amount of money they make per employee.  If the record was set by a private or public business, I would be impressed — as long as...

Not Just for the Rich: The Importance of Trusts

This week is all about trusts: Who needs them?  How much do they cost?  How much work are they — really?  The short answers?  The majority of adult Americans need a trust.  They cost a few thousand dollars, but this small investment outweighs the devastating financial...

Why Do You Have to Know How Much Money I Make?

How much money do you have?  How much money do you make?  Why is it my business to know any of that stuff?  That’s what someone asked us the other day when he was ready to invest into one of our funds. We wish it didn’t have to be our “business,” but the U.S....

Airman Hughes

My family and I just returned from a wonderful experience.  My oldest son, Hayden, just graduated from his basic training in the United States Air Force.  He is now known as Airman Hughes. I was told by a few others who had gone through the experience with a family...

Guardian Continues to Evolve and Get Better

Many of you in the small business world will not be surprised to hear that the Guardian investment model continues to evolve, always for the better, and in exciting ways for investors. As I was thinking about the word “evolution,” a funny personal story comes to...

Reverse Mortgages Debunked!

This week we’re bringing you an in-depth video where experienced mortgage broker, John Terveer, debunks the myths surrounding reverse mortgages and explains how they can be a useful tool in many situations.  This video is a recording of one of Hughes Private Capital’s...

You Are a Survivor

Here’s a little bit of fun this Saturday: a look back for those of us who can remember the good ol’ days when we didn’t wear seatbelts or have Xboxes and spent all day outside, running around the neighborhood.

Free Market Is Always the Winner

This is what we talk about all the time: free markets almost always trump the government.  Walter Williams, in the following article, does a great job of explaining why.  For me, the free market always wins not just because of what Mr. Williams says, but also because...

As I Awoke

I awoke late on Sunday morning — it was after 9 a.m.  Tanja and I had stayed up way past our bedtime watching the first six episodes of the new season of House of Cards, and I was jolted awake by my 100-pound, 4-year-old German Shepherd, having his 20th or 30th (I...

Captured!

I had a realization the other day, that anytime I think of government, I think “bad,” I think “enemy.”  I don’t see a solution, I can only see problems.  But I already knew that.  What hit me was the fact that it must be exactly the opposite for people who believe...

The Investing Option Advisors Don’t Want You to Know About

Why is it such a big secret?  Most financial advisors don’t tell their clients about it, because it takes dollars away from their managed accounts.  To be fair, not all financial advisors are guilty.  Those who are looking out for their clients’ best interests will...

A Friend’s “Coming Out” Letter Inspires Us All

He is a fearless leader of exceptional character, and for the past two years, he’s been hiding something that few of us can understand. At a recent semi-annual business networking group meeting, H. Quincy Long, one of the group leaders, “came out of the closet,” as he…

How to Tell when Someone Is Lying

Q: How can you tell when a teenager -- or a politician -- is lying? A: Their lips are moving. Okay, seriously.  How can you tell when a teenager is lying to you?  The article below by Dr. Travis Bradberry, best-selling author and expert in emotional intelligence tests...

You Are All Wrong, You Are All Right

Every month, I look forward to the economic outlook article in Tom Henderson’s newsletter, and I like to share it with our readers as well.  Tom has a way of using straight talk to break down complex subjects into simple terms.  It usually isn’t much more complicated...

Not Everything Goes as Planned

There’s just no way around it: not everything works out the way we planned.  In fact, when life just seems to be a series of ebbs and flows, I sometimes wonder if anything has ever worked out as planned.  As CEO of Hughes Private Capital and co-manager of our...

Airbnb Fights Back

This is an interesting way to fight back.  Airbnb is going to build their own apartments and lease them out to tenants who can, in turn, rent them out to Airbnb guests. There have been multiple attacks on Airbnb operators in various states and cities as of late — from...

Use the Wrong Pronoun, Go to Jail

In none other than the progressive blue state of California, it is now written in the Health and Safety Code for nursing homes and long-term care facilities that if you repeatedly use the wrong pronoun you can be sentenced to up to one year in prison. Is it just me,...

My Friend Debt

Like a great spouse, the “good” kind of debt (or leverage) can be your best friend when it comes to investing.  And, like a not-so-great spouse, it can also be the friend you wish you had never met.  Successfully leveraging debt has made many people fabulously...

One Last Mission: The Journey of a Lifetime

There are few things in life that make such a long-lasting impression they will stay with you forever. Recently, I was fortunate to have had such an experience when I accompanied 32 veterans to Washington, D.C. to visit their war memorials.  It was a whirlwind...

Hughberry Leadership Opportunity: Send Us Your Candidates!

Hughberry, our senior assisted living company, is gearing up to welcome its share of “Silver Tsunami-ites” with beautiful, private, well-staffed assisted living residences.  As the company continues to expand, we are seeking an entrepreneurial, experienced, passionate...

The Phone Call that Brought the Lady to Tears

A lady we contacted a few weeks ago was crying by the time we were done with the phone call.  The good news is, they were tears of joy and not of sadness.  Although her reaction was maybe more emotional than what we are used to, it wasn’t necessarily surprising....

How do you know you can trust us?

How many times have you heard someone tell you that they are honest?  And it usually doesn’t stop there.  Nope – after assuring you that they’re honest, they feel the need to go into all the reasons why they are so honest, how much they believe in integrity, and on...

Blockbuster Movie Flaw – Did You Catch It?

Several years ago, a Hollywood movie dominated theaters and raked in millions of dollars despite a serious but largely unnoticed flaw in the plot.  Did you catch it?  I didn’t, but Jason Morris, our very smart estate attorney and this week’s guest writer, did.  Let me...

Could Your Roth IRA Be Better than a Sleeping Pill?

It has been declared by the Harvard Business School that Roth IRAs are the clear winner over traditional IRAs, but it’s probably not for the reasons you might guess.  For some time now, I have also believed that Roth IRAs are better — but for a different reason...

Reconsidering the American Dream

Following the Great Recession, the American dream of homeownership was progressively sliding downward.  Now, the dream is back and continues on an upward climb. Figures show that from 2015 to 2016, the number of non-homeowners (mostly renters) looking to purchase...

Buy a Street, Charge a Toll

Sometimes we have to pass along articles just for the entertainment value, but at least this article is real estate-based.  Fox News reported that an entire street in San Francisco has been sold at a tax auction for a mere $90,000.  Sounds like a good investment,...

3 Ways to Make Money with Real Estate

Owning income-producing real estate can be a lucrative investment.  But have you ever stopped to think about how and where your money is actually made?  One of the big advantages of owning income-producing real estate is that it allows an investor to receive a return...

Yellen’s Prediction a Little “Off”

I have great news!  All of you out there who are worried about another economic downturn can rest easy.  Janet Yellen said there’s no reason to worry about another financial crisis, so it must be true.  If only it were that easy! How old does she think I am?  I just...

Biggest Little Cup Fundraiser & Golf Tournament

We were proud to sponsor the first-ever Biggest Little Cup Fundraiser & Golf Tournament benefitting The Club at ArrowCreek. Golfers had a tee-rific time playing the beautiful 18-hole course while enjoying the hosted cocktails, gifts, contest and prizes. A few lucky participants also won big during the first Helicopter Golf Ball Drop.

What’s Better—Owning or Renting?

I have been having this discussion with my 25-year-old daughter, Kayla, for about the last year.  Should she buy a home or just keep renting?  Tradition says, “Own your home and don’t throw money down the drain on rent.”  You will have the pride of homeownership and...

How Does Your State Rank?

Are people fleeing your state or moving in?  What is your overall tax burden compared to the other 49 states?  What is your state’s economic outlook based on 15 variables that are highly influenced by your state legislature?  Those questions, and a few more, are...

Give a Man a Fish…

A few weeks back, we talked about Takers and Producers.  Below is another example of what good can happen when we take action to eliminate pure giveaways in our society… to stop the enablement of the Takers.  Deep down, it is our human nature to want to work and be...

The Lawyer or Zillow: Who’s Right?

Back in the good old days, Real Estate Agents had all the power.  They had information that no one else had, so you had no choice but to hire an agent if you wanted to buy or sell real estate.  On the rare occasion I could get my hands on one of the MLS books that...

Who Really Sells Gas to 7-Eleven?

For years, I have been under the impression that the gas sold at 7-Eleven was owned by Venezuela.  This assumption led me to believe that purchasing their gas would be supporting the previous dictatorship regime of Hugo Chavez, which led me to take my business...

Las Vegas Olympics: Worth a Trip to the ER?

9 events, 3 competitors, 1 concussion If you read my email a few weeks ago, I told you about how I hit my back against the wall playing racquetball and had to go to the emergency room for what I thought was a stroke!  (No worries, it ended up being a concussion). ...

What is so Great About Income Producing Real Estate?

I learned this lesson the hard way beginning back in 2007.  Actually, I didn’t really grasp it in its entirety until much later, but it was eventually learned and it was painful. Back in 2007, times were a little nuts.  This was when real estate was flying and there...

Good News for the Economy

I can’t believe what I am reading lately.  After 8 years of liberal policies, I guess I forgot what it’s like to see more conservative actions taken by the federal government. President Trump vowed to get rid of two regulations for every new regulation proposed.  I...

Senior Assisted Living -Head of Business Development

We’re looking for a partner/business development consultant to help us build our senior assisted living business.  This is not a very structured position and can partly be what you make it.  We are really looking for a go-getter who wants to take charge and run this...

Don’t Open Unless You Want to Chuckle

I don’t normally send out YouTube videos to watch, but when I do, they are funny.  This post is nothing but fun and will put a smile on your face.  My friend Tom Baker sent me this video of a hilarious skit from Saturday Night Live about the use of Amazon’s “Alexa.”...

Where WIll They Live?

The housing market is going through some interesting times right now. Below is an article about how homebuilders are not building starter homes because there isn’t enough profit in doing so. They don’t make as much as they can when they are building more median-priced homes. This is leaving the younger generation with a lack of affordable starter homes to choose from.




Home Price Increases: Are They Sustainable?

One of the best indicators of the sustainability of home prices is the ratio between income and home prices.  If home prices rise faster and higher than homebuyers’ incomes, potential homebuyers can’t afford as much, which puts pressure on sellers to lower their price...

Our Special Event Gets Us All High

Steve and I got high with 12 of our friends last week, then we all visited the most top-of-the-line hangar in town and drove to lunch at ArrowCreek because we were starving. Okay, that may be one of the best titles I have ever used for an article!  I bet it got you to...

“Comeback Cities” – Is Yours One of Them?

Realtor.com published an article about the 10 biggest comeback cities in the U.S., and Reno comes in at #10.  It appears they have done their research, except for one thing, and that is what they say about Reno. I guess it only sells or is interesting if they put...

I Thought I Had a Stroke

I recently had to visit the emergency room here in Reno.  I was lightheaded, I had a foggy brain and I thought I might have had a stroke.  I had met with some investors at 10:00 that morning, and, during the meeting, I couldn’t remember the name of our fund Guardian....

Dao vs. United Airlines vs. US Government

All right, I tried to stay out of this mess and not comment on the United Airlines debacle, but now I can’t help myself after reading this in the WSJ today: Lawmakers Put Heat on Airlines House members tell United and rivals to treat fliers better or face new...

Your Credit Score is Getting an Overhaul

This doesn’t happen often, but the three big credit bureaus have agreed to change the rules as to how your credit score is, well…scored.  Like any other large established business, they are slow to change.  But, they are finally making some improvements that will...

Compounding Money While You Sleep

Have you ever looked at a compounding chart?  I was fortunate enough to be handed a compounding chart when I was 20 years old by a stock broker at Dean Witter.  It really opened my eyes.  Below is a compounding chart that I made for my youngest child when he was 9...

The Underworld of Seller Financing

Did you know that there is an underworld of seller financing alive and strong out there?  Chances are, you probably haven’t given it much thought. We are familiar with this concept because it is one of the worlds we do business in.  Now, you might be wondering why I...

If I Can Survive 25 Missions, I Get to Go Home

What do you get when you take six friends and go for a ride in a B-17 Bomber?  A whole lot of fun and a mini history lesson! We had the fortunate opportunity to go fly in one of just two B-17 Bombers that have been restored and are allowed to fly around with people in...