July 11th Meetup Group

Adam Skarsgard, Esq. of Asset Exchange Company will speak on Real Estate Tax Advantages.

When: Wedneday July 11th from 6:30-8:30.

Where: 57 Post St (4th Floor), San Francisco, CA

Adam will speak on the following topics:

Real Estate Tax Advantages/Issues
- Depreciation Tax Deductions
o How it works (commercial vs. residential)
o Depreciation Recapture Tax (and how to avoid it)
o Cost Segmentation – What is it, when to use it?
- Passive Losses due to Depreciation
o What is a Passive Loss
o Passive Loss Rules (Real Estate Professional vs. Normal Person) http://www.wwlaw.com/realtorp.htm
- Mortgage Interest Deductions
o Rules
o Limitations on the deduction
- Deductible Business Expenses
o Travel to and from, etc
- Capital Improvements vs. Expenses
- Home-owners Exemption
- Combo of 1031 Exchange and Homeowners Exemption

For more information on this event please contact: Oron Maher 415-345-3173.

June 6th Meetup Group + other updates

Our June 6th Meetup Group was a huge success. Our guest speaker was Al Florida, CEO of Realty Information Systems, the largest foreclosure aquisition company in the Western United States. Mr. Florida spoke about strategies for purchasing foreclosures at 50-70% below market value. He spoke for approx. 45 minutes and had an enganged audience. If you would like to contact Al Florida or learn more about his company, please visit his website www.realtyinformationsystems.com . We had approx 35 people in attendence at this meeting. I gave a quick market update on the 5+ unit apartment building market in San Francisco. Leonard Spotto chaired the meeting which was sponsored by North American Title Company, Daniel Burnham Ct. branch.

Please join us for our next meetup on the first Wednesday of July. This group is gaining momentum rapidly and I would love to see it continue to grow. Every person in attendance has an opportunity to introduce themselves to the group, and is then followed by opportunities to network with one another. For more information please give me a call or email at the numbers listed below. Thanks, Oron