Take Responsibility

Are we becoming a nation of people who never want to take responsibility for anything? The newest attempt at a law here in Nevada is to seal eviction records for 60 days. Here is the write up from the NVAR: AB107 would provide that eviction records, from the affidavit...

InvestX: Shortcuts to Savvy Investing

What do you get when you combine a wealth consultant, a tax structure guru, a family trust advisor, a legacy and family wealth planner, and a real estate investment strategist with a room full of investors? The answer is an unbeatable educational experience called InvestX.

Do You Own Any Rental Homes?

If you do, you might want to keep an eye on Portland, OR.  Let’s say you need to (or just want to) raise your rent.  Not so fast, you big, bad, filthy rich landlord.  In Portland, they are going to charge you $2,900 to $4,500 for raising the rent on your rental...

Warren Buffett’s Million Dollar Bet

Just over 9 years ago, Mr. Warren Buffett made a $1M bet with the asset manager from Protégé Partners that his chosen index fund could outperform their chosen group of hedge funds over 10 years.  Come December 31st of this year, it looks like Buffett will win his bet....

There is Change in the Air for 2017

This year, 2017, is going to be a different type of year for Hughes Private Capital and the funds we manage.  2016 was a busy, pivotal year and we are extremely excited about what we have built for 2017 and beyond.  There are a few changes we want to update you on....

Can a Law Make a Dishonest Person Honest?

Every time we hand our Offering Memorandum to an investor, we say, “This tells you how you are going to lose all your money.”  In 60 pages of boring, nauseating, repetitive statements, it basically explains how everything can go bad. Do you really think investors need...

Do You Trust the Mass Media?

For the most part, 68% of Americans don’t trust the mass media, as shown by a new Gallup poll.  Does that really come as a surprise to any of you?  If it does, you should try listening to multiple sources on the same stories and see how differently they are reported....

Protectionism and its Unintended Consequences

“It’s the economy, stupid.”  Some of you may remember that phrase, coined by James Carville for Bill Clinton’s campaign.  Well, in all my brilliance, I am coining a new one: “It’s the free market, stupid.” Tom Henderson has done it again with a great article...

I was Nervous to Be at Sea

Two weeks ago, my wife, Tanja, and I set sail on a Carnival Cruise out of Galveston, Texas headed for three Caribbean islands.  This was our second cruise ever, lasting 7 days -- twice as long as our first one. I am not normally a nervous traveler, and the ship...

Is It Our Right or a Privilege?

This article by Tom Henderson is so spot on, so I wanted to share it with you today.  This is the part that scares me about the government: both sides seem to have forgotten about the importance of free markets.  The government is not here to help, they are here to...

A Fascinating Set of Maps

This blog is more for fun than anything.  Here are 18 maps showing different ways the world breaks down.  If you ever wondered in what countries people drive on the left side of the road, where to get Big Macs, who uses the metric system, or even how many countries...

Make Us Proud, Tesla

I would like to share an article with you that appeared in Bloomberg recently about flipping the switch on the world’s biggest factory to date, the Tesla gigafactory.  The building’s location was so affectionately referred to as the “scrubland outside of Reno, NV.” ...

How Does Yale Invest its $25.6 BILLION Endowment?

Can you guess the answer?  They invest in alternative, or non-traditional, investments!  In fact, 87.5% of their investments are categorized as non-traditional according to Yale’s 2015 report. Wouldn’t you think just the opposite?  I don’t know much about endowments,...

The Good Old Days

This is an advertisement from the The Owosso Argus-Press – Jan 26, 1970. Look at those prices! A pound of bacon for just $0.67.

How Idiotic Can You Get?

You decide the answer to that question after reading this article published in The New York Times (big surprise there) about considering climate change when buying a home.

Whoville to Rent to Ownville

How would you feel if you made plenty of money to afford a home, but you were not able to get approved for a loan because you were self-employed? Or what if you paid all your bills all your life, but a medical issue forced you into bankruptcy, and now you can’t get financing to buy a home?

Wealth Inequality: Another Perspective

Again the collectivist economists and followers are touting the increase of income and wealth inequality gap of the top 1% as a reason to raise taxes or to promote some wealth redistribution program.

The Time Value of Time?

I wanted to share this interesting article about “time discounting” written by Robert M. Sapolsky in the Wall Street Journal. I have discussed the “time value of money” before, but what about the “time value of time”?

Follow-Up to Losing $400K

A few weeks ago, I sent out an article sharing how Verne Harnish lost $400,000 on a wire scam.  Literally-- POOF -- $400,000 of his hard earned money was gone.  Here is a link to that previous article in case you missed it: Defrauded out of $400,000 I wanted to share...

Why Do Women Make Less Than Men?

It’s a fact many of us are familiar with: Women make 77 cents for every dollar a man makes. If you take all full-time workers and divide the median annual earnings of women by the median annual earnings of men, it does equal .77.

A Glimmer of Hope in a Sea of Regulations

The Consumer Financial Protection Bureau was recently ruled as having an illegal structure by the US Court of Appeals for the DC Circuit.  The court wrote in its decision: “Indeed, other than the President, the Director of the CFPB is the single most powerful official...

Defrauded out of $400,000

I follow Verne Harnish’s weekly blog. Verne is the founder and CEO of Gazelles, Inc., a very successful consulting business that provides “executive education” for high-growth companies around the world. He is also one of the original founders of YEO (Young Entrepreneurs’ Organization).

Hamburgers Pay for Real Estate

I have always heard and re-told the story of how McDonald’s isn’t in the business of selling hamburgers, but is really in the business of owning real estate.

Which is a Better Investment?

We compared financing packages the other day for a senior assisted living property we are considering buying.  Here are our options: How do we choose?  They both have fixed interest rates for 15 years, and both are due in 15 years.  The interest rates are slightly...

A 13.6% Return Without Risk?

We recently opened a new fund to purchase re-performing notes. As we worked through the downside of the fund, because that is the most important part, the same question kept coming up between Steve and I. “Why does this seem too good to be true?”

Volatility Robs Your Portfolio

A common way that investors attempt to protect their capital from the whims of equity markets is to allocate some of their money to alternative investments.

A Text From Our Son Overseas

This is a text from our youngest son Dexter at 10:32 pm his time in London, England to my wife, Tanja: “Just arrived but haven’t heard from the person that I am supposed to stay with tonight yet. Trying to find another place but only have Wi-Fi for an hour here at the airport.”

20,642 New Regulations Added in the Last 7 Years

This article from The Daily Signal is a little frightening. It makes me think about our tax code, like we have talked about in previous newsletters. It seems that administration officials are trying to justify their jobs by putting more regulations and laws on the books.

Surviving Brexit’s Storm, Is it Possible?

I want to share with you an article written by Craig Martin, an RIA out of Silicon Valley, and myself in regards to Brexit and, more importantly, about how people do react to these types of situations and how we should react.

Innovation and Risk Go Hand in Hand

In an editorial titled “They’re Coming for Your Bonus” by Peter J. Wallison in the Wall Street Journal, he talks about another Dodd-Frank financial law putting restrictions on incentive pay for financial institutions.

Maybe There is Some Hope

The CFPB has been an unregulated, unelected, far-reaching bureau with way too power over our free market system. This is scary. Where does it stop?

College… Is it Worth it?

American Universities Took in a Record $40.31 billion Last Year… The richest universities, such as Stanford and Harvard, dominated the list of recipients.

Save Today Johnny, Not Tomorrow

We talk about compounding often in our newsletter because it is so powerful. I was reminded the other day by a friend of mine about the difference between saving and investing your money early in life as compared to later.

America’s Hunters and Gun Control

I was reading some posts on Facebook and listening to the talking heads after Obama’s town hall meeting the other night on gun control. Then I received an email from one of our blog readers that got me thinking about what is real and what is a lie or skewed for political purposes.

Where Did All the Babies Go?

Interesting demographics for the world. This was in the Economy and Markets newsletter by Dent Research. The concern is we don’t have enough babies being born to help sustain the overall economy especially as the larger generation’s age.

Are We Over Our Hangover From 2009?

Do you know how much is out there in delinquent debt on single family homes? It is probably more than you think, but numbers have become so large they are hard to even estimate.

So Much Money, What Shall I Do With It?

Recently, I have been meeting with a very smart businessman and his CFO. The businessman is known for inventing the software and systems that are now standard in his industry, providing him a deep amount of wealth over the last 30 years.

Brother, Can You Spare a Dime?

When I was 17 and owned my business Reno Lawn and Landscape, I had just finished thatching a lawn. I was filthy from head to toe because the lawn was dry and full of dust. It was one of the first times I had used my new thatcher and the job had taken a few hours longer than I anticipated.

92% of Homes Now Have Equity

92% of homes now have equity. Or is it that 8% have negative equity? What does that translate into? 4.1 million homes are still underwater. They owe more on their mortgage than their home is worth. Of course, the good news is that it has been dropping and continues to get better for the housing industry.

Is Harry Right?

I am no expert on the stock market. In fact, I don’t have a dollar in it as of today. I lost faith in it over 5 years ago -- but that is not why I am sending this out. I am sharing it as a purely informational piece, so you can do with it whatever you like. I get...

94% of Young Renters Want to Buy, But Can They?

Americans are optimistic for the future. Isn’t that the American way (or at least for those young whipper-snappers out there)? Nearly all renters 34 years of age or younger questioned in a new survey from the National Association of Realtors® say they want to own a home in the future.

It Has Been Over a Year in the Making…

After a flight from Dallas, TX to my home town Reno, NV, I stood up in the plane to leave when a lady sitting behind me said, “I know you.” I looked at her for a moment trying to place her in my mind and responded, “Aren’t you Saprina?”

Conundrums

This was sent to me from one our long time blog readers and I thought it was worth sharing. Normally, I can’t stand to summarize complex problems in a sound bite which is so famously done throughout the media daily on all sides. However sometimes small sentences tell big stories as you’ll see below. At the very least, these points should make us all go…hmmm. – Greg

In Case of Rate Envy

I was reading the Wall St. Journal yesterday and I came across an ad for Ally Bank. Is this crazy or what? They are bragging about 1.00% interest on your money because that is how low rates are nowadays. I know this doesn’t come as a surprise to any of you, but I feel we have all become immune.

A Story to Brighten Your Day

Last week you listened to me get worked up about today’s lack of personal responsibility and the government’s tendency to feel like they have to provide housing for people. This week I’ll lighten the mood with a story about how some true Americans are still displaying personal responsibility despite all the handouts and various government programs offered to them!

Shut Them Down

Bureaucracy at its best. Twelve year old Emma Farrell and fourteen year old Alex Farrell were shut down as they tried to sell lemonade in front of their home in the summer of 2013. These darn kids were only trying to earn a dollar but they didn’t consider all of the silly, nonsensical laws they needed to follow developed by those “in-the-know.”

The Reason So Few Are at the Top

“In the months I was writing this, the media, driven by Occupy Wall Street, became obsessed with the discussion of the 1% vs. the 99%, but neither the Occupy spokespersons nor the media dealt with the perspective of behavioral causes. Actually, there is an ‘Income and...

The Real Value of a Home

What follows below is a forward-looking letter written by Jason Zweig to his grandkids about the value of owning a home. It is not about the financial investment, but what it becomes over time. It’s about having a special place for your family to capture memories and experiences over the years.

SBRE Investor Summit, Our Presentation

As you are probably already aware, we presented at the SBRE Summit a month ago in Dallas Texas. They produced a high quality video of our presentations, so instead of me telling you about it in this email you can watch it here.

Meeting George W. Bush

Last month we attended the SBRE Summit in Dallas to present our real estate investment fund and we were followed by the former president, George W. Bush (43). Okay, maybe it didn’t happen exactly that way but it is fun to say.

10 Best Cities for Real Estate Investors (#9 Las Vegas)

I always take these types of lists for what they are worth. It is rarely easy to know if one city is better than another, with so many contributing factors.  But, sometimes lists like these can provide some good guidelines as to where look.  Our main buying metro, Las...

Hot Coffee

What is the truth behind the lady that spilled hot coffee in her lap after going through a McDonald’s drive-thru? I can almost guarantee you have the story wrong.

The Good, Bad, and the Ugly of Using Leverage

We double our returns by using conservative leverage.

A lot of investors know how leverage works, but even some sophisticated investors don’t always get it completely. If you haven’t used it much, or had investments that use it, then the concept of leverage can be a little fuzzy.

It’s Cruel, but It’s the Truth!

Get this… A study put out by Dalbar shows how investors fared in the stock market between 1992 and 2011. The S&P 500 gained 7.8% p er year. But the average investor earned just 2.1% over the same time frame.

Real Life Treasure Hunt!

Time for a treasure hunt again with the Nevada State Treasurer’s office. When we did it a few years ago, I found $700 under my name for some stock I had purchased and sold long ago.

Don’t Call Millennials a “Renter Generation.”

A recent TD Bank survey of 1,002 adults found that just under half of millennials will be looking to purchase their first home over the next two years. Millennials, those aged between 25 and 34, already make up the largest share of home buyers at 32 percent, according to the National Association of REALTORS®.

What Costs Less? A Banana or to Send a Letter?

I received a great response from one our readers who read my article in reference to all the government regulations that are imposed on us as businesses and really how inept the government is at any program they have ever implemented and managed, even if it is 200 years old.

Please, No More Laws for Us Law Abiding Citizens

I have decided to rebel against the system of stupid laws. I am not coming to a complete stop at stop signs any more. I am done, finished, following that law. It is stupid and should be changed. Eight out of ten stop signs should be yield signs OR just no sign all. I feel like Earl Pitts on the radio when I say things like that.

Are You a Hard Money Lender?

I received a call last week that started with the question, “Are you a hard money lender?” I told him no, we don’t lend money, but tell me what you are looking for and maybe I can help direct you to the right person.

Investors Bank on Rent to Own Comeback

This instantly legitimizes rent to own / lease to own / lease options (whatever you want to call them) for so many people that were and still are skeptical about these types of programs.

Announcing: Our New Strategic Alliance

You might have seen this new logo appearing on an email signature or in some of our material. Home Today™ is a non-profit based out of Las Vegas whose mission is to help people become homeowners. We now have a strategic alliance with them and it is really exciting.

Here are Two of my Favorite Libertarians

Penn Jillette and Teller are truly the epitome of the American dream when it comes to success earned through their hard work and unrelenting journey to seek the truth. We had the fortunate opportunity to see the duo at the Rio in Las Vegas last month.

Why Not Just Carry a Note?

I am sometimes asked, “Why not just carry a note or 1st Trust Deed for the property and then you don’t have any of these hassles?” True, you don’t have any of the hassle or responsibility for the home, but you also lose control in a big way. In this series of blog posts, we are going to make you way smarter than the average bear.