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All Forum Posts by: Mike Darcey

Mike Darcey has started 1 posts and replied 18 times.

Post: Wholesalers in Hawaii

Mike Darcey
Posted
  • Honolulu, HI
  • Posts 18
  • Votes 8

sure is. the only thing is that I'm in Puerto Rico until about thanksgiving and then I am going to be swamped until the new year. from then on I am definitely back in the thick of things in Hawaii.

Post: How I made $600,000 doing live-in flips in Hawaii

Mike Darcey
Posted
  • Honolulu, HI
  • Posts 18
  • Votes 8

Great Job Isi!

Post: Starbucks + Brandon Turner + Scott Trench (Set for Life) = YAY!

Mike Darcey
Posted
  • Honolulu, HI
  • Posts 18
  • Votes 8

Brandon, heard you were in town. My wife, Lisa, and I will be there. Sounds fun.

Post: BRRRR single family with before and after pics! Metro Detroit

Mike Darcey
Posted
  • Honolulu, HI
  • Posts 18
  • Votes 8

Congratulations Keith!

Post: Bathroom Remodel - looking for good handyman in Honolulu

Mike Darcey
Posted
  • Honolulu, HI
  • Posts 18
  • Votes 8

I can put you in touch with my guy he will work for cash, which has been the most economical for me on my own home. The only downside is that he is away for a family vacation until the 20th of January. I'll text you his number.

Post: Newbie from Oahu Hawaii

Mike Darcey
Posted
  • Honolulu, HI
  • Posts 18
  • Votes 8

@Allyn Wijnveldt There are a bunch of us in Hawaii who are mostly doing out of state investing, and a few folks I know who are doing in state investing but mostly fix and flips as you already know the pricetag here is pretty darn high. Would love to meet up with you as well as with the other folks. Seems like the one with the most traction for setting up a meeting is Lane Kawaoka who has a meetup scheduled through the Facebook group REI 808. I am trying to get my team to go to one of their events in the near future. I think Lane is setting up for mid January. @lane kawaoka is that right?

Post: REI 808 - First Meeting in Hawaii

Mike Darcey
Posted
  • Honolulu, HI
  • Posts 18
  • Votes 8

was this the first of a series of planned meetings? I'd like to know when the next one happens.

Post: Can spending time on the beach at Waikiki be overated?

Mike Darcey
Posted
  • Honolulu, HI
  • Posts 18
  • Votes 8
Sounds great. Not sure how to send private message through bigger pockets from my phone but definitely interested in talking real estate and seeing what other folks in Hawaii are doing.

Post: Using a contractor that is qualified by another contractor

Mike Darcey
Posted
  • Honolulu, HI
  • Posts 18
  • Votes 8

@Wayne Brooks I stand corrected. Where I am, we are regulated much more stringently and we cannot be the license holder for another contractor, so to me that just sounds strange but you're there so you're information is clearly more accurate than mine, but it does bring up some questions that @Erin Bryant may want to know from a liability standpoint. Where I am the contracting company holds a license and needs to have a licensed individual (a Responsible Managing Employee or RME) who oversees that work is carried out following the letter of the law with regard to construction,which sounds similar to what you are saying but being that license holder for multiple companies is rarely granted by our contractor board, which sounds different where you are. I have little experience with this scenario. What does qualifying another contractor mean? Does the sponsored contractor company (in this case the one @Erin Bryant is looking to write contract with) carry a license or is somehow regulated by the state? Does that sponsored contractor carry his own full set of insurance (liability, auto, workers compensation)? Would he be responsible for a Builders Risk type policy? Is he legally held responsible to conform to the Uniform Building Code (UBC2006, UBC2012 or whatever is required in FL)?

In my experience construction contracts do several things in summary: list the players (client, contractor, design professional), outline the scope of the work and the costs (whether they be fixed or variable), how the project will be carried out, and what to do if things go wrong. @Manolo D. If the scenario that @Wayne Brooks talks about is correct, then I would agree that someone other than the license holder could sign the contract, but in my experience the more folks that are signed on and responsible on the other side of the contract the more likely that things go as planned or when they do go wrong, there are more people I can directly go after.

I am curious to learn more, please keep this conversation going...

Post: Using a contractor that is qualified by another contractor

Mike Darcey
Posted
  • Honolulu, HI
  • Posts 18
  • Votes 8
From a practical point of view, why don't you get your contractor and his license holder in the same room and have them sign a single document so that you are covered? I wouldn't feel comfortable with working with someone who is unlicensed unless they are doing a limited scope and not anything that deals with life safety (structural, electrical, plumbing, HVAC, etc) A question you may want to ask yourself is why they would wanted to be treated as legitimate when they aren't operating their work legitimately.