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Upcoming
Events |
Upcoming Webinars Hosted by The Foresthill
Group:
April 1,
2008
5:30pm to
6:30pm
Webinar: Retirement Plan Reality
Check
Hal Beswick will cover the important details you
need to know about your retirement plan.
April 22,
2008
5:30pm to
6:30pm
Webinar:
Tax Planning Strategies for
Real Estate Investors
There is a good chance that you are over-paying taxes or
paying earlier than you have to! Peggy Daly with Chattel
Professionals wiill teach you how to get cost-effective, tax
deductible cost segregation reports on items in your buildings
that can receive accelerated
depreciation.
Register Now!
April 2,
2008
Capital City Wealth Builders
Monthly Meeting: Private Money and Creative
Financing
This event will be held at the Double
Tree Hotel at 2001 Point West Way in Sacramento. Meeting
begins at 7:00pm.
Elk Grove Real Estate
Investors Group
Monthly
Meeting
This event will be held at 9275 E.
Stockton Blvd, Suite 100 in Elk Grove. Networking begins at
6:00pm, meeting begins at 7:00pm.
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Advisors |
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Waterford 1031
Exchange Services, LLC
A
nationwide, full-service, qualified intermediary company
specializing in tax-free deferred exchanges.
Chris Wink is a
Certified Public Accountant (CPA) providing individuals,
businesses and other entities with quality tax, accounting,
and other financial services.
Chris Bender provides
California insurance services including bonding and surety,
worker's compensation, business insurance, health policies,
and more.
Joe Brosious provides real
estate financing and lending services for investors.
Garrett Sutton provides a
variety of legal services including asset protection through
business
incorporation. |
| Quotation |
"My dog is worried about the economy because
Alpo is up to $.99 per can. That's almost $7.00 in dog
money."
-Joe
Weinstein |
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Contact
Us |
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The Foresthill Group,
Inc.
PO Box 382
Foresthill, CA
95631
877-281-6643
Open Monday through Friday, 9am to 5pm
PST
Visit us on the Web to
discover:
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Copyright © 2008 by The Foresthill Group, Inc. All
Rights Reserved.
This newsletter
is for informational purposes only. The information contained
herein may not be applicable to every situation or
jurisdiction. This information is offered with the
understanding that neither the publisher or the author is
engaged in rendering expert legal, accounting or other
professional services. Please consult your professional
advisor prior to acting on information contained herein. The
content, accuracy and opinions expressed herein are not
verified or endorsed by the sponsor hereof.
Newsletter
designed and managed by
| |
 Dear
Lisa,
Are you
focused on building wealth?
With all
the bad news about the mortgage crisis, the economy
going into a recession and gas prices hitting an
all-time high, it makes me want to concentrate on my
finances and retirement. It may be a long time before I
hit that golden age, but I want to make sure that my
retirement years will be worth the wait.
If you
have similar goals, start by taking a look at your
entire portfolio. This includes all of your investments:
your life insurance, IRA, real estate holdings,
business, stock, etc. Then evaluate each one and decide
if it is helping you reach your wealth goals. I have
said this before and it's worth saying it again: putting it in
writing is very powerful so write your goals
down!
My
goals:
When I
first started investing in real estate I wanted my
portfolio to bring in $10,000 of passive income per
month by the time I hit retirement. Once I established
that number, I focused on what I needed to accomplish to
get there. I decided that I needed to purchase 10 strong
investment properties - homes that were newer or
pre-construction in areas that had a stable economy and
home prices that were affordable and in nice
family-friendly areas. It took several years but that
goal was reached.
Then it
was time to reevaluate and focus again on how to build
wealth. I spent time educating myself on seller
financing and once I felt comfortable with it, we began
purchasing homes with that intention in mind. Since then
I have learned about purchasing at auction, REOs, land
development, oil and gas and so much more. Each of my
investment strategies has been focused on what I needed
at that time in my life to build my wealth.
What
strategy do you need to focus on to reach your wealth
goals? Let us help! These are only some of the things we
cover in our Financial Health to
Financial Wealth Coaching Program.
Check out what my coaching clients are
saying:
"I had never signed up for a coaching
program before but I met Lisa and liked her honesty. I
learned so much about how I think about money and
realized I was setting up the roadblocks. Thank you so
much for helping us knock those down! I know I am on my
way to reaching our goals."
-P.
Taylor, Colorado
"In our experience it has been extremely
difficult to find trusted financial help. We have always
felt that there were alternative motives behind any
advice we received. The Foresthill Group's coaching
program was a completely different experience. We felt
they genuinely cared for us as a family, giving us
step-by-step advice and attainable goals. Their
willingness to listen and explain each step truly was
motivating. Our finances are now in order and we do not
feel as overwhelmed as we once did. It is great to have
a company that you can trust to help you with your
financial needs. Thank you so much for the individual
attention and excellent customer
service."
-Rich and Cory
V., California
I can help you too! Call me
today so we can begin planning for your
future!
Wishing
you continued investment
success,
Lisa Marston
President, The Foresthill Group,
Inc.
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New Tax Incentives for
Investors
There is a great
incentive for real estate purchases in the recent
Economic Stimulus Package. For assets placed in
service in 2008 that also have a depreciable class life
of 20 years or less, owners can depreciate 50% of the
purchase price or value in the first
year.
The other 50% is
depreciated along regular class life schedules. In other
words, 1st year chattel (personal property in and on the
building with a 5-year depreciable life) is
depreciated 50% off the top, and then 20% of the
remaining 50% in the first year, 32% of the remaining
50% in the second year, etc.
This is currently
only for items or assets purchased and placed in service
in 2008. In other words, you cannot depreciate the
building (as in the Go Zone) because that has a
27.5 class life, but you can get a write-off of 50% of
the chattel and land improvements (land
improvements have a 15-year depreciable life). The other
50% is depreciated according to their class life
depreciation schedules.
Information provided by Peggy
Daly at Chattel Professionals. She will go into
this in further detail during our webinar event on April
22nd. Be sure to register
now!
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Vacation Homes
Safe
Harbor Update
Revenue Procedure
2008-16 creates a safe harbor definition of investment
property applicable to exchange transactions closing
after March 10, 2008 that involves the transfer of
property consisting of a dwelling unit and/or the
acquisition of a dwelling unit as replacement property.
What You Need to
Know
The IRS will not
challenge whether a dwelling unit (real property
improved with a house, apartment, condo providing basic
living accommodations) qualifies as §1031 exchange
property held for productive use in a trade or business
or for investment if the following are both true:
-The relinquished
property is owned by the taxpayer for at least 24 months
immediately prior to the exchange and a replacement
property is owned for at least 24 months immediately
after the exchange.
-Within each of the
two 12-month periods constituting the qualifying use
period, the taxpayer must rent the property at a fair
rental for 14 or more days and the taxpayer's personal
use of the dwelling unit cannot exceed the greater of 14
days or 10 percent of the number of days during the 12
month period the dwelling unit is rented at a fair
rental.
For more information,
contact your legal or tax advisor to discuss your unique
situation. |
New Mexico Attracts Solar
Manufacturing
Plant
Representatives
from SCHOTT AG of Mainz, Germany recently broke ground
on the company's new manufacturing facility in the Mesa
del Sol region of Albequerque, New Mexico.
SCHOTT, a solar products
manufacturer, is investing $100 million to start
production on the facility and plans to launch
operations by spring of 2009. The 200,000 square-foot
facility will employ 350 people.
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Women on the Move
Sacramento
Chapter Meeting
Event Topic: Make Your Financial
Resolution for 2008
Sharon Stiles with Key Concepts Financial
and Insurance Services and Esther Aw with Eagle
Strategies will explain:
-Why you need to know the details of your
financial life from top to bottom
-The benefits of personal liability
coverage and all other insurance
options
-Why you must have liquid
assets
-The impact of good and bad
debt
-Why you need to review or complete your
will/trust documents
-Why you must build in contingencies and
back up systems so that no matter what happens in the
economy, failure is not an option
-Why you need to take time to first
identify your personal objectives
Now is your chance to take action
with your life and business! Register
Today!
Date: Tuesday, April 15
Registration and Networking: 5:30 to
6:00pm
Speaker/Food: 6:00pm to
8:30pm
Location: Courtyard
Marriott
1782
Tribute Road
Sacramento, CA
95815
Special Event Pricing
Only $45 for you AND a
guest!
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The
Foresthill Group, Inc.
Investing in Personal Prosperity™
The mission of The Foresthill Group, Inc. is to
offer a complete investor package. We are committed to
finding ideal opportunities for the investor and making
the process as simple as possible. Our company takes you
through a project, step by step; from finding and
analyzing an opportunity to working with builders and
developers and financing the investment through our
lending services.
With extensive real estate knowledge, our
team can help you reach your personal financial goals
through successful real estate investment
strategies.
Call us today to discuss your goals or
visit our website to discover new investment
opportunities.
The Foresthill Group,
Inc.
877-281-6643
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