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Showing posts from July, 2018

Possible Cure for Overpriced Properties

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  Welfont Joe Johnson   is an entrepreneur, investor, and startup expert. He is the founder and principal of GoodField Investments and the GoodField Foundation ( www.GoodField.com ). With one amazing wife and six wonderful children, he is incredibly blessed. He and his family reside in paradise, aka Bradenton, Florida. When he is not enjoying time with his family, he is probably either researching, launching, or investing in startups. Over the past 25 years, Joe has launched and funded over a dozen startups. Additionally, he has over a dozen years of experience investing in commercial real estate and has acquired over 10 million sq. ft. of commercial real estate spread out across dozens of states. Welfont Joe Johnson  has a PhD majoring in Entrepreneurial Leadership from Regent University and an MBA from Ashland University. He is also the Founder of Welfont – one of his startups that is now one of the fastest growing real estate organizations in the country ( www.Welfont.com) .

1031’S: THE GOOD, THE BAD AND THE EXIT !

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The GoodField Foundation is Dr. Joe Johnson’s biggest professional passion. This Ministry Investments group is funded by  Welfont Joe Johnson  and dedicated to funding entrepreneurial research, entrepreneurial ministries, and underprivileged entrepreneurs throughout the world. Like-kind exchanges were included in the Revenue Act of 1921 as part of the tax reduction package due to excess profits and preferential treatment for capital gains resulting from the War Revenue Act of 1917. IRS 1031 defers tax obligation until a replacement property is sold, unless another “exchange” occurs. 1031 will apply if the following requirements are met: Both the property to be relinquished and the property to be acquired must be like-kind Both the property to be relinquished and the property to be acquired must be held for business or investment purposes The transaction must be structured so that the taxpayer does not actually or constructively receive the proceeds of the sale which among o

2018 vs. 2017: The Real Estate Bargain Sale got better!

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Dr. Joe Johnson is an entrepreneur, investor, and startup expert .  Welfont Joe Johnson  is the CEO of the company.  Welfont is a boutique commercial brokerage company that focuses on helping our clients find, analyze, finance, purchase, manage and sell commercial real estate properties. We specialize in representing real estate investors and tax-exempt institutions. Using IRS-approved tax strategies, including 1031 Exchange and the IRS Section 170 Bargain Sale, we help clients reach their giving potential. Over the past 100 years, the IRS and the US Government have encouraged the donation of cash and assets to non-profits of all kinds……so they don’t have to! This encouragement came in the form of tax deductions and other benefits, but mainly a charitable tax deduction. Various caps on the amount as a percentage of income have been thrown around but we have been at 30% of AGI (“Adjusted Gross Income”) for over 30 years now. Historically the government has also allowed other ded

How to exit a 1031 Investment and lower your tax exposure

Welfont is a commercial real estate brokerage company specializing in the acquisition of commercial properties including performing and underutilized and distressed real estate. We represent cash buyers from the private sector, and nonprofits capable of competing successfully with other buyers in the value add market space. Welfont Joe Johnson is the CEO of the company. You have owned your 1031 investment for several years now. One or several leases are coming close to their termination date(s). What do you do? It’s a common dilemma. You are probably facing one or some of the following issues: The property has some deferred maintenance/capex items that will need attention You don’t know if the tenant wants to stay and what, if any, concessions they want, and you don’t want to go through the hassle of negotiating a new lease or finding a new tenant You are tired of managing and/or paying for management It’s time to sell, the market is hot, but replacement properties are hot

Welfont Joe Johnson - Goodfield Startup

GoodField invests in Startups looking to scale, distressed high yield commercial real estate opportunities with quick closings and non-finance contingencies and opportunistic “out of the box” investments. Dr. Joe Johnson is the founder and principal of GoodField Investments. The company is Johnson’s  main catalyst to fund new startups and his own personal investments in real estate or other unorthodox and creative investments. Welfont Joe Johnson is also the founder of  The Welfont Group, one of his startups that is now one of the fastest growing real estate organizations in the country (www.Welfont.com). Startups:- Initial  Criteria 1.Early stage companies with some established proof of concept, even if it’s an outside of the box proof of concept. 2.Poised for exponential growth. 3. Less than $1 million in revenue. 4. Need between $50,000 to $500,000 per initial investment. 5. Industries include, but not limited to, education, financial services, technology, eCommerc

Welfont Joe Johnson - Real Estate

GoodField is a small, nimble and out-of-the-box company led by Dr. Joe Johnson ( welfont Joe Johnson ) .  Our company is organized for the exclusive purpose of finding and making efficient, strategic, and profitable investments in high-growth startups and distressed real estate without the distraction of multiple parties, such as partners, investors and funds. GoodField is about finding good fields. That means entrepreneurs with good concepts. Whether it’s a startup, real estate, or ministry investment, we sow seeds of capital and strategic support. Once the seeds are planted, they must be cultivated, watered, weeded, and nurtured (strategic support). Great care produces a great yield (return on investment). This process succeeds through partnerships of entrepreneurial leadership and GoodField working together for high impact. Real Estate Investment Criteria 1. Commercial real estate with significant upside potential. 2. Prefer distressed, vacant, or non-income prod

WHAT’S THE BEST PORTFOLIO MANAGEMENT STRATEGY?

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Welfont Joe Johnson , Ph.D. Entrepreneur. Investor. Startup Expert. We’re all aware of the importance of diversifying one’s investment portfolio. You may have even received this advice with respect to angel investments. The most appropriate time to determine how you’ll conduct your angel activities is just as you’re first getting started. Do you want to invest in a broad range of companies in order to maintain a diverse portfolio or are you more interested in making larger investments in fewer companies? There are pros and cons to each investing philosophy and you should give them each some thought prior to making a choice. Thinking about this now can help to shape your investment criteria and overall strategy. As an angel investing beginner, it’s wise to review the industry’s collective wisdom. Reinventing the wheel and repeating mistakes that others have made is both unwise and a waste of money. The internet has made it easier to share these cautionary tales; the more you can l

Welfont Joe Johnson Bio

DR. JOE JOHNSON; ENTREPRENEUR, INVESTOR, STARTUP EXPERT Working and studying the field of entrepreneurship and organizational leadership for over 25 years, Dr. Joe Johnson has become an experienced entrepreneur, investor and startup expert. During this time, Dr. Johnson ( Welfont Joe Johnson ) launched and funded over a dozen startups, mainly in small and high-growth companies. Additionally, he has over a dozen years of commercial real estate investing experience. Dr. Joe Johnson purchased over 10 million sq.-ft. of commercial real estate spread out over dozens of states. Dr. Joe Johnson is the founder and principal of GoodField Investments. The company is Johnson’s  main catalyst to fund new startups and his own personal investments in real estate or other unorthodox and creative investments. Dr. Johnson is also the founder of  The Welfont Group, one of his startups that is now one of the fastest growing real estate organizations in the country (www.Welfont.com). The

CAN CREDIT CARDS FUND YOUR STARTUP VENTURE?

Welfont Joe Johnson , Ph.D. Entrepreneur. Investor. Startup Expert. Given such well-known, non-traditionally financed success stories such as Google and Airbnb, basing your initial corporate financing on credit cards may appear to be a wise move. As with all financing, however, the most critical factor for success boils down to implementation. Google and Airbnb weren’t successful as a result of how they financed their businesses. Rather, their success was a direct result of their ideas, their knowledge, and their hard work. In fact, they may have experienced the same or better results had they utilized another financing method. While credit card financing can force business owners toward helpful frugality, the decision to avail oneself of plastic options isn’t the sole defining factor in the success of a business. Indeed, for many businesses, it can present a significant pitfall. While business credit card offers may begin arriving in your mailbox shortly after your business is f

OVERCOMING BIAS WHEN INVESTIGATING A POTENTIAL TARGET

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Welfont Joe Johnson , Ph.D. Entrepreneur. Investor. Startup Expert. Most of us don’t consider ourselves to be biased in any way. We prefer to believe that our decisions – including our investment decisions, particularly – are based on sound reasoning which takes into consideration all relevant variables. However, research has shown that, while we might not think we’re biased, most of us (if not all of us) are in some respect or other. Biologically, of course, this makes perfect sense. After all, we’re more likely to be biased toward both ourselves and our progeny in order to pass on our genes. There’s an instinctive, evolutionary bias. We also have built in biases which help us to make decisions more quickly. Imagine going to the store and staring at the cracker selection. You’ll likely have at least 10-20 available cracker options. Without some bias in the system, it would simply take too long to make a decision. Should that process be repeated for every desired product, grocery