WelfontJoeJohnson

While much has been written about the benefits that investors, buyers, and sellers derive from the IRS Section 170 Bargain Sale, one much-overlooked aspect of the transaction is the benefit that society gets from the sale. The IRS Section 170 Bargain Sale was originally designed as a way to promote giving and to preserve wealth for donors and sellers alike. Every year, there are more than 200,000 IRS Section 170 Bargain Sale transactions, with an estimated total value of $8 billion yearly. Non-profit organizations typically receive a substantial amount out of these transactions. On top of that, there are other ways by which a Section 170 Bargain Sale can have a positive impact on the community. First, it reduces waste and allows underutilized, distressed property to be transferred to another entity that might have a productive use for it. The Section 170 Bargain Sale allows the owner of the property to get a cash tax cut based on the full and fair market value of the property, t...

Dr. Joe Johnson is also known around the country as Joe Johnson Speaks. When he fully accepted his responsibility of thinking, acting, and living purposefully, he was able to set himself up for the lifestyle he deserves and begin to help other's do the same. When he started Joe Johnson Group,  his gift of speaking and training individuals in K-12 and college settings allowed him to travel the country and impact students and professionals. Because of his unique combination of natural common sense, street smarts, and learned book smarts, he has been trained to identify the gaps and needs of individuals and organizations.     Recognizing the need for individuals to reconnect with themselves in order to thrive in their business, career, and life, Welfont Joe Johnson authored the book "Pursue Your Purpose Not Your Dreams" to help individuals with this process. He developed curriculums, online programs, provides personal development coaching, and also consul...

For entrepreneurs to achieve success, they need to understand, learn, apply, and improve the following leadership traits, which should be applied to the management of their business and teams they supervise:  Confidence : Self-belief is as important as any characteristic in the business world, especially when working with a team. By trusting personal abilities and those of individual members of the team, leaders can boost team and company morale.  Persistence : Not giving up following setbacks or failures has helped the most iconic entrepreneurs, such as Bill Gates and Steve Jobs.  Creative thinking : Problems naturally occur but great leaders see them as opportunities to succeed through learning. Identifying root causes and formulating and implementing creative solutions should be welcome challenges.  Calculated risk-taking : Risks are inextricable from business expansion. Successful leaders understand, without being reckless, how to evaluate the most profitabl...

Dr.   Welfont Joe Johnson  Helps Rice Farmer in the Philippines with Microloan Pacita is 51 years old and has two children of adult age. She owns cocoa land and rice fields that she cultivates and integrates other commodities for more income. Pacita approached  Paglaum MPC  to purchase bags of fertilizers and pesticides. A $175 microloan allows her to take advantage of the high demand of rice grains. The money from the microloan is going to fertilizers and pesticides. The fertilizers and pesticides will help to ensure that Pacita’s crops come out healthy, clean, and not ruined by insects and other pests. In the Philippines where Pacita lives and will be raising her crops, the average annual income is $7,000. This means that a $175 microloan can really go along way toward helping Pacita meet her business needs. In the future, Pacita hopes to sustain her business and would love to open another line of...

Dr. Joe Johnson  funds a microloan to Rodolfo, an entrepreneur in the Philippines. Here is Rodolfo’s Story Rodolfo is from the seaside community of Plaridel  Philippines , and has been operating a fish vending business for a long time. As a husband and father to three children, he has managed to support his family through his fish vending business through a modest income of 15,000 Philippine Pesos. He decided to investigate how a microloan helps businesses. Recently, he was looking to expand his business, and thus, requested a 20,000 Philippine Pesos loan from PMPC, an organization which he has been a part of for the last five years. The loan helps him buy a fishing boat, which he could then use to aid his fish vending business. Therefore, his income increases and makes it easier for him to support his family. Microloan Partners His loan was administered by the  Paglaum Multi-Purpose Cooperative , an organization that was created to help the...

Welfont Joe Johnson , Ph.D. Entrepreneur. Investor. Startup Expert. One for the record books, The Welfont Companies, based out of Tampa, Florida, just won first place in the 2018 Inc 5000 list of fastest growing real estate “brokerages” in the country.  Welfont Joe Johnson  is the CEO of the company.  Whether you’re bootstrapping, have accepted a loan, or are being financed by investors, money – and how you use it – matters. Every business must have a budget, and while that concept may, for some, imply a degree of penny-pinching, others correctly view it as a path toward rationalizing their spending. Too many businesses fail for a lack of funds. Intelligent financial management is one of the most critical components of business success. While it won’t compensate for a bad idea or poor implementation, it can help to indicate when a course change may be necessary or, conversely, when you’ve begun to find success. Financial management is also invaluable for both m...

One for the record books, The Welfont Companies, based out of Tampa, Florida, just won first place in the 2018 Inc 5000 list of fastest growing real estate “brokerages” in the country. Welfont Joe Johnson is the CEO of the company. With an impressive 3-year growth rate of 11,359%, Welfont surpassed the 2nd place real estate brokerage by a margin of nearly 4,000%, making them the fastest growing real estate brokerage in the history of the Inc 5000. The Inc 500 started in 1982, and was expanded into the Inc 5000 in 2007. With approximately 30,000,000 companies in America, placing anywhere on the Inc 5000 list is a major accomplishment and this year, Welfont made it into the Top 20 of all US based companies, ranking at #16 out of a field of the top 5000 companies in America. Shawn Marcell, Welfont’s CEO said, “We’re truly humbled by the award and grateful for the recognition. We have the best team of professional agents and real estate service providers anywhere. I couldn’t be mo...

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.  Welfont Joe Johnson  is the CEO of the company. In United States tax law, the definition of fair market value (“FMV”) is found in the United States Supreme Court decision in the Cartwright case: The fair market value is the price at which the property would change hands between a willing buyer and a willing seller,  neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts. United States v. Cartwright , 411 U. S. 546, 93 S. Ct. 1713, 1716-17, 36 L. Ed. 2d 528, 73-1 U.S. Tax Cas. (CCH) ¶ 12,926 (1973) (quoting from...

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.  Welfont Joe Johnson  is the CEO of the company. In 1917 Congress enacted the War Revenues Act to finance WWI and greatly increased tax rates. The major concern amongst congress was that it would greatly impact  charitable giving . As a compromise, the  charitable tax deduction  was created. There was an alignment with the governing philosophy as nonprofits have typically assumed the responsibility of the social welfare net that the government was ill prepared for and frankly did not want to provide for. The exemption from taxation of money or property d...

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.  Welfont Joe Johnson    is the CEO of the company. Have you often thought you’d like to do something to help a favorite charity, beyond your usual donation? Whatever your philanthropic desires, an IRS Section 170 Bargain Sale could be the answer. Since 1917, when this IRS regulation was made into law, the Bargain Sale has been used to benefit nonprofits. Furthermore, this law encourages philanthropy and has done so for nearly 100 years. So, the Bargain Sale allows taxpayers to make donations in the form of commercial real estate. It is not uncommon for a commercial...

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.  Welfont Joe Johnson   is the CEO of the company. Commercial real estate can be complex. Closing the deal for a seller may mean finding a good broker to shepherd them through a search and/or transaction. It is essential to choose a broker who will present the best options possible, including an IRS Section 170 Bargain Sale. The Bargain Sale allows a nonprofit to purchase a property through a combination of cash and tax benefits stemming from a qualified appraisal. The tax benefit may be used for the current year and up to five additional years. Selling or Leasing a Pr...

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. Often, when a CPA, broker or seller sees a Bargain Sale Appraisal of a property, there may be skepticism. Initially, his/her thought may turn to the potential of something just too good to be true. The result from not understanding the difference between how Bargain Sale valuations work and the traditional retail appraisal process is that many profitable transactions are not considered. Sellers lose opportunities for cash at closing and tax deductions, brokers don’t receive commissions, and nonprofits can’t benefit from the transaction when the proposal isn’t even considered due to lack of knowledge or at worse misinformation. With a better understanding of the Bargain Sale Appraisal method, p...

Welfont, The Premier Boutique Broker in IRS Section 170 Bargain Sales Meet Welfont.( Welfont Joe Johnson ) We are a boutique commercial real estate brokerage company, bringing together the private sector and nonprofits. Welfont is an information source for real estate and tax strategies. Particularly, they specialize in the IRS Section 170 Bargain Sale. Hence, Welfont has a history in handling underutilized and distressed real estate for the mutual benefit of the sellers or the buyers, often highly qualified charities or public sector entities. The company has excelled in revitalizing the IRS Section 170 Bargain Sale. Under this transaction, a seller can offer a property to a qualifying charitable or public institutions at a reduced price. Therefore, the seller may have the opportunity to claim a tax exemption for the difference between the sales price and the fair market value. Their highly successful transactions allow owners to expedite the liquidation of properties that ...

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. Offsetting the Costs of Capital Expenditures Corporations and affluent individuals face a continuing challenge of offsetting costs of Capital Expenditures, otherwise known as CapEx. CapEx occurs through the acquisition of assets that will have a useful life beyond the tax year. For example, a business might buy new assets, like buildings, machinery, or equipment, or it might upgrade existing facilities so their value increases. While CapEx can affect a company or individual’s productivity and the sale of the asset, an IRS Section 170 Bargain Sale may present options for alleviating these challenges. CapEx includes expensive “big ticket” items that need to be replaced every so often, but not ...