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Showing posts with the label fair market value

$225 microloan for Adelfa buys more stock of rice to sell.

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Dr. Joe Johnson ( Welfont Joe Johnson )  funded a loan to Adelfa, a rice seller in the Philippines. As a married mother of four children, Adelfa works hard to support her family. She has a rice retail business in the Philippines. To help her improve her business, Dr. Joe Johnson funds a microloan for Adelfa. Adelfa is borrowing 10,000 PHP through  Negros Women for Tomorrow Foundation, Inc.  (NWTF) to buy more stock of rice to sell. Adelfa has been sustaining her business activities through her previous loan from  NWTF . She hopes that her hard work will help her attain her dream: to save money to expand her business. With this loan, Adelfa will be able to buy enough rice to keep her inventory high enough to prevent a dry period. This can help to prevent her from losing customers, and it can help her meet the demand for her business. Rice is a very popular food in the Philippines, so there is a...

DR. JOHNSON’S LEADERSHIP COMES FROM YEARS OF EXPERIENCE

GoodField Investments is led by Dr. Joe Johnson, ( Welfont Joe Johnson ) an entrepreneur, investor, and startup expert. He has worked and studied the field of entrepreneurship and organizational leadership for over 25 years. Over these years, Dr. Johnson has launched and funded dozens of startups, mainly in small and high-growth companies. Additionally, he has more than 12 years of commercial real estate investing experience and has bought over 10 million sq.-ft. of commercial real estate in dozens of states. Dr. Johnson is the founder and principal of GoodField Investments, which operates as his main investment company to fund new startups and his own personal investments in real estate or other unorthodox and creative investments. GoodField Foundation, which Dr. Johnson also funds and runs, invests heavily in high-impact ministries, microloans to underprivileged entrepreneurs and entrepreneurial research. Additionally, he is the Founder of Welfont, a startup that is now one of...

REAL ESTATE - Welfont Joe Johnson

The name GoodField comes from Jesus’ teaching about the parable of the sower recorded in the Gospels. Dr. Johnson ( Welfont Joe Johnson )and his family have set-up a Ministry Investments group, called the GoodField Foundation. 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. GoodField invests in high-yield distressed commercial real estate opportunities with quick closings and no financial contingencies throughout the U.S. Real Estate Investment Criteria 1. Commercial real estate with significant upside potential. 2. Prefer distressed, vacant, or non-income producing assets in need of fast and significantly discounted disposition. 3. Deal size – Anywhere between $250,000 to $10,000,000. 4. All types – From industrial to office, retail, mixed use, multi-family, luxury residential, land, redevelopment, special facilit...

Pass Your Unproductive Property Off

You’re deeply involved in watching your favorite team play a critical football game when suddenly you realize that if the quarterback would just pass the ball to the guy open downfield, your team might just win. So, you end up chanting “pass the ball” and groan when he doesn’t. You may be holding onto a property you desperately need to pass off, but you’re waiting for the real estate market to improve or some other reason to sell it. In this case, you may not see that opening downfield. A 100-year-old IRS code – the 170 Bargain Sale – was originally created to encourage philanthropy, but also offers a brilliant solution to this situation.When an asset is simply accumulating costs – taxes and maintenance – with no relief in sight, it’s time to hand it off to someone who can put it to good use.With the Bargain Sale, you can offer a nonprofit your asset at a significantly reduced price, receive cash at closing and receive a charitable contribution deduction for the difference between ...

DR. JOHNSON’S LEADERSHIP COMES FROM YEARS OF EXPERIENCE

GoodField Investments is led by Dr. Joe Johnson, an entrepreneur, investor, and startup expert. He has worked and studied the field of entrepreneurship and organizational leadership for over 25 years. Over these years, Dr. Johnson ( Welfont Joe Johnson ) has launched and funded dozens of startups, mainly in small and high-growth companies. Additionally, he has more than 12 years of commercial real estate investing experience and has bought over 10 million sq.-ft. of commercial real estate in dozens of states. Dr. Johnson is the founder and principal of GoodField Investments, which operates as his main investment company to fund new startups and his own personal investments in real estate or other unorthodox and creative investments. GoodField Foundation, which Dr. Johnson also funds and runs, invests heavily in high-impact ministries, microloans to underprivileged entrepreneurs and entrepreneurial research. Additionally, he is the Founder of Welfont, a startup that is now one o...

A Loan Of $600 Helped To Pay Agricultural Needs

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Entrepreneur  Dr. Joe Johnson ( Welfont Joe Johnson ) helped fund a microloan for Santos Isabel, an entrepreneur from Peru. Here is Santos Isabel’s Story In the district of Pomahuaca in Jaen, Cajamarca Province, Peru, you will find Santos Isabel. He is 41 years old and currently in a common law marriage where he has children with his partner. He is a hard worker, and over time he has received a large number of personal and work references from the inhabitants in his area. For the most part, he is making a living in agriculture and farming cattle. He has been doing this for 12 years and is now looking for a loan to make improvements to his farm. To keep his farm going, Santos Isabel approached Edpyme Alternativa for a loan. The money that he receives would be used for agricultural tasks, the application and incorporation of phytosanitary products, fertilizers and the labor costs of his harvest. His loan was locally administered by Edpyme Alternativa, a non-governmental...

Joe Johnson Specialty

Dr. Joe Johnson ( 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. Joe 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...

A loan of $225 helped to purchase additional groceries to sell.

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  Dr.   Welfont Joe Johnson   funded a microloan to Rosemarie, a general store owner in the Philippines.   Here is Rosemarie’s Story  In the city of Tanjay in the Philippines lies a small general store that is run by Rosemarie, a hard working woman who has been in business for the last five years. In that time, her business has grown from strength to strength, and through her hard work, she has managed to support her family.  She went looking for a loan with Negros Women for Tomorrow Foundation, Inc. (NWTF), to help her increase her capital by 10,000 Philippine Pesos to grow her business by purchasing additional groceries to sell. This loan has been fully repaid, and Rosemarie is now on the way to providing secure future for herself and her family.  Funding Partners  Her loan was administered locally by NWTF, a non-governmental organization that was created with the aim of helping men and women attain financial stability and self-sufficie...

How IRS Section 170 Bargain Sales Help The Community

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...

MEET Dr. Joe Johnson

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...

Leadership traits that keep the business going

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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...

$175 Microloan Helps Buy Bags of Fertilizers and Pesticides

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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...

Microloan Helps Buy Fishing Boat $425 Microloan Helps Purchase Fishing Boat

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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 - Being Smart with Finances When Starting a Company

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...

Fastest Growing Real Estate Brokerage In The History Of The Inc 5000

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...