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2016-07-12T00:00:00.000Z

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Wrong Peter Savio?

Mr. Peter B. Savio

Direct Phone: (808) ***-****       

Email: p***@***.com

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Hawaiian Island Homes LTD

931 University Avenue Suite 105

Honolulu, Hawaii 96826

United States

Company Description

Hawaiian Island Homes Ltd. is the real estate brokerage arm of the group of companies that was founded by Peter Savio over 25 years ago. The Savio Group of Companies is best known for its successful condominium conversion and resale of residential, hotel ... more

Find other employees at this company (55)

Background Information

Employment History

President

Hawaiian Islands

Business Partner

Kamehameha Schools

Education

Bachelor of Business Administration

Real Estate

University of Hawaii

Web References (37 Total References)


Real Estate through the Eyes of One Who Knows - by Auntyby Aunty

honoluluaunty.com [cached]

At Thursday's Hawaii Real Estate Investors' monthly meeting, Peter Savio of Hawaiian Island Homes, Ltd. gave an educational talk about building wealth with real estate. Peter has been in the business of real estate for 48 years. He is Hawaii's expert when it comes to understanding leasehold properties, and has been successful in a number of complicated and near impossible transactions because of his expertise and ability to think creatively, as well as always giving back with good deals.

...
However, Peter cautioned, that is not always the case anymore.
...
Peter actually said he had 9 rules of wealth, but Aunty only wrote down 8. Maybe you have the missing piece, and if so, please send it in the comments section below (I like hearing from you!)
The Q & A period was quite interesting, with Peter speaking about his past, current, and future deals in Hawaii, most of them dealing with complex leasehold issues, of which he really is the king. (Please put out good vibrations in the next few days towards the awarding of sale to Peter for an Iroquois Point deal.)
For investors, Peter said to buy smart and watch the cash flow. If the mortgage interest rates are high, prices go down. He predicts relatively stable real estate prices in Hawaii. He does not foresee the bump up in values even if the Chinese (who now have the money) buy our real estate. The reason he gave?
...
So Peter asked him to think about it overnight, and imagine if he had $0 in the bank and all his money tied up in property.
The next day, the man came back and said he couldn't sleep well. Peter's suggestion was to put half of his savings ($150,000) into the property, and finance the other half. After a year or so, if he was comfortable with that and wanted to invest again, then use half of the remaining savings ($75,000) as a down payment, and finance the rest. If that is good and he wants to invest again, then use the remaining $75,000 to purchase another property.
The end result would be 3 properties with financing utilizing $300,000 with a happy investor who can sleep at night.
Aunty asked about the banks' limit of 4 mortgages in today's market. Peter never heard of that - which was later clarified by Paul Xavier of HiREI that it only applied to residential loans, not commercial loans.
...
Uncle came along and was also very impressed with the knowledge and creative approaches that Peter utilized. Add to that Peter's very kolohe (rascal) points of view - sometimes very politically incorrect as we locals can sometimes be - and it is an evening to think back upon with pleasure, appreciation, and a chuckle. Peter's philosophy of taking care of Hawaii, its people, and making a just little profit (not a killing) is admirable, and rare, in business today.
If Peter does get the Iroquois Point deal, he will offer the houses and apartments to the public at below market prices - a once in a lifetime opportunity to own beach front Oahu property. The notices will go out via postcards to those on his mailing list before it hits the news. If you are not on his mailing list, call his Hawaiian Island Homes, Ltd. office at (808) 955-6672, or email danac@hihltd.com and asked to be put on his mailing list.
Aunty is already there, and putting out support for Peter and Hawaii to get Iroquois Point. Beachfront fishing grounds, low to zero lease rent, way below market - Imua!


Hawaii Real Estate Archives - by Auntyby Aunty

honoluluaunty.com [cached]

At Thursday's Hawaii Real Estate Investors' monthly meeting, Peter Savio of Hawaiian Island Homes, Ltd. gave an educational talk about building wealth with real estate. Peter has been in the business of real estate for 48 years. He is Hawaii's expert when it comes to understanding leasehold properties, and has been successful in a number of complicated and near impossible transactions because of his exper ...


Peter Savio, a local real ...

www.kycbs.net [cached]

Peter Savio, a local real estate developer retained by the trust to sell the property, said his goal is to initially sell fee interests in 30 percent to 40 percent of units, with more made over time.

Fee prices were not disclosed by Savio or the trust, but will be presented to Lili'uokalani Gardens unit owners at a Saturday meeting.
Selling the land under the Waikiki Banyan and Waikiki Sunset is a trust aim, but requires consent of other nonprofit minority landowners - St. Francis Medical Center, which has a 45 percent stake in the Waikiki Sunset land, and Kawaiaha'o Church, which has an 8 percent stake in the Waikiki Banyan land.
Savio said the trust has not yet approached the two landowners because it wanted to first notify condo owners, which was done on Wednesday.


Akamai Buyer - Hawaiian Island Homes, Ltd.

www.akamaibuyer.com [cached]

Peter B. Savio President and Chief Executive Officer

...
Peter Savio is President and Chief Executive Officer of the Savio Group of Companies including Hawaiian Island Homes Ltd. and Hawaiian Island Development Co., Inc. Peter has more than 30 years experience in real estate development and sales in the Hawaii market. Beginning in 1980, Peter founded Savio Realty, Ltd. and subsequently its affiliated group of companies. Peter has a good understanding of real estate and the Hawaii market in particular. Peter has helped his clients realize the maximum return on their real estate investments.
Peter was born in Hilo, Hawaii and raised in Honolulu. Peter received his Bachelor of Business Administration with a major in Real Estate from the University of Hawaii.


At Thursday's Hawaii Real ...

realtyjoin.com [cached]

At Thursday's Hawaii Real Estate Investors' monthly meeting, Peter Savio of Hawaiian Island Homes, Ltd. gave an educational talk about building wealth with real estate. Peter has been in the business of real estate for 48 years. He is Hawaii's expert when it comes to understanding leasehold properties, and has been successful in a number of complicated and near impossible transactions because of his expertise and ability to think creatively, as well as always giving back with good deals.

...
However, Peter cautioned, that is not always the case anymore.
...
Peter actually said he had 9 rules of wealth, but Aunty only wrote down 8. Maybe you have the missing piece, and if so, please send it in the comments section below (I like hearing from you!)
The Q & A period was quite interesting, with Peter speaking about his past, current, and future deals in Hawaii, most of them dealing with complex leasehold issues, of which he really is the king. (Please put out good vibrations in the next few days towards the awarding of sale to Peter for an Iroquois Point deal.)
For investors, Peter said to buy smart and watch the cash flow. If the mortgage interest rates are high, prices go down. He predicts relatively stable real estate prices in Hawaii. He does not foresee the bump up in values even if the Chinese (who now have the money) buy our real estate. The reason he gave?
...
So Peter asked him to think about it overnight, and imagine if he had $0 in the bank and all his money tied up in property.
The next day, the man came back and said he couldn't sleep well. Peter's suggestion was to put half of his savings ($150,000) into the property, and finance the other half. After a year or so, if he was comfortable with that and wanted to invest again, then use half of the remaining savings ($75,000) as a down payment, and finance the rest. If that is good and he wants to invest again, then use the remaining $75,000 to purchase another property.
The end result would be 3 properties with financing utilizing $300,000 with a happy investor who can sleep at night.
Aunty asked about the banks' limit of 4 mortgages in today's market. Peter never heard of that - which was later clarified by Paul Xavier of HiREI that it only applied to residential loans, not commercial loans.
...
Uncle came along and was also very impressed with the knowledge and creative approaches that Peter utilized. Add to that Peter's very kolohe (rascal) points of view - sometimes very politically incorrect as we locals can sometimes be - and it is an evening to think back upon with pleasure, appreciation, and a chuckle. Peter's philosophy of taking care of Hawaii, its people, and making a just little profit (not a killing) is admirable, and rare, in business today.
If Peter does get the Iroquois Point deal, he will offer the houses and apartments to the public at below market prices - a once in a lifetime opportunity to own beach front Oahu property. The notices will go out via postcards to those on his mailing list before it hits the news. If you are not on his mailing list, call his Hawaiian Island Homes, Ltd. office at (808) 955-6672, or email danac@hihltd.com and asked to be put on his mailing list.
Aunty is already there, and putting out support for Peter and Hawaii to get Iroquois Point. Beachfront fishing grounds, low to zero lease rent, way below market - Imua!

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