All Forum Posts by: Luan Becerra

Ok, great. I'm looking forward to connecting with you and the rest of this crew to grow our Kauai network! 

Once I finish my Real Estate course tomorrow and pass the State/National Exam next week for my license I will be checking in to the next meeting.

Aloha 

P.S. 

Check out the blog on my website for helpful investor tips, strategies and information :) http://www.breathtakingproperties.com/blog/

Aloha Karen, 

Mahalo! I will definitely check it out. Having an REI group here is something I was actually considering starting myself as I haven't heard of anyone doing anything like that here yet. So I am happy to hear there are some like minded individuals seeking to grow and expand in the world of real estate nearby.

Are you on Kauai yourself?

Thanks for your concern Mark. I am very aware of what you're trying to say, although your statement of me attempting to "fraudulently represent myself as a real estate agent/broker" is just plain false. I clearly and openly disclose and disclaim that I am NOT a real estate agent or broker on my website, and with every client I deal with. 

On the contrary, I am an investor. I buy houses. This is completely legal anywhere you go in the world, Mark. I understand that some people are not familiar with the term wholesaling, but being a member of bigger pockets yourself, you should be aware of the vast knowledge at your fingertips, and grasp this concept. Buying houses, flipping them for a profit and making a living from this, IS LEGAL. Period. 

Do yourself the curtesy and due diligence, look it up.

https://www.biggerpockets.com/renewsblog/2006/11/2...

Yesterday I spoke with the Director of the Board of Realtors here on Kauai on this matter and she herself stated that what I am doing is fine. I am in no way misrepresenting or acting fraudulently. What I do is help sellers get cash for their home through an A - B, Seller to Buyer direct transaction. Some people don't have the time, money or frankly, either, to wait for months or sometimes longer to actually sell their house, while holding the property they need to get rid of, make repairs etc. etc. the list goes on. 

The benefits of selling and listing with an agent are high and a very reasonable way to get the most buck for your property...If you have a luxury called TIME... now I'm not saying that every time you list with an agent it's going to take 6-12 months or longer, sometimes its quick. Generally speaking though, people who want to sell their home quickly, easily and without any stress can do so with my company and get a fair all cash offer on their property.

http://www.BreathtakingProperties.com

Aloha, 

God bless

Awesome, thanks for the info Michael. Have you ever faced the issue of a potential RICO violation? http://cca.hawaii.gov/rico/about/

Regulated Industries Complaints Office

Aloha! 

My name is Luan Becerra and I am a new Real Estate Investor/Wholesaler in the process of obtaining my real estate license to become a REALTOR® here on the island of Kauai, in the state of Hawaii. I have done some research on the legalities of real estate wholesaling here in Hawaii, especially regarding to being a licensed agent, and have not come across any helpful information.

I am hoping someone can answer my question about weather wholesaling real estate in Hawaii is "legal". I started a very "legal" real estate company (All documents registered and up to date) here. There have been certain people who have mentioned my company as being in violation of RICO (look it up), and obviously don't want me doing business here in Hawaii as a wholesaler. This is primarily an issue at the moment because I don't have my RE license yet and Wholesaling isn't very popular here, so these people believe I need a license to wholesale, which obviously in 48+ other states in the country is just plain false. My belief is that these people are probably nosy/competitive agents, seeing as there aren't very many wholesalers here on Kauai, so the knowledge of this form of investing is almost unknown here, and thus has become an ethics and legal problem for me to face.

If there are any other wholesalers here in Hawaii, or attorneys/anybody familiar with Hawaii real estate laws and ethics, I would seriously appreciate your advice. I know for a fact that what I am doing is right, morally, ethically, and legally. When doing a deal with a buyer and seller I am always 100% upfront, disclosing everything, making sure that the deal is absolutely a win-win. I can totally understand why someone would be upset if I was willingly taking advantage of people and going behind their backs to make a profit, but when everything is honest, disclosed, and I am helping someone in dire need (motivated seller or distressed property for example) to sell their home fast for a profit, and helping an investor make some money, why shouldn't I be paid for my hard-work, time, and effort?

Again, experienced advisors welcome, I highly appreciate any input.