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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. |
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"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
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 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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