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

New Listing: Lake District Home

154 15th Ave- 5 bed/ 2.5 bath home with 2-level Cottage in Rear. Approx. 3912 sq ft. Located between Lake and California Streets. Asking $2,400,000.

Spacious Lake District Home with Large Two-Level Cottage in rear. This three-level home has an abundance of charm and with a new remodel can become the jewel of the neighborhood. Main level features a large living room, formal dining room, large kitchen and sun room which leads to a large backyard deck. Second level has 3 bedrooms and bath, Third level has two nice sized bedrooms and a bath. Partially developed unwarranted in-law in basement. Rear cottage can be guest or housekeeping quarter.

Coming Soon- Not Yet on MLS

The following properties will be posted on the MLS in the next week. Please call for any more information or pictures.

1714 48th Ave (Moraga and Noriega). This an approx 1100 sq ft. TIC unit in the Outer Sunset. Features 3 beds/ 2 baths, 1 car parking. Recent remodel and some Ocean views from this unit. Asking: $599,000.

333 1st St #N1006- Studio unit at The Metropolitan approx 520 sq ft. This is a tenth floor unit in a 2004 building in great South Beach location, close to Financial District. Building features a 24 hour doorman, swimming pool, movie room, business room, amongst it's few amenities. One car parking. Asking $499,000. Sellers will pay 6 months HOA dues for new buyer.

For more information on these listings, please call: 415-345-3173
www.pacunion.com/oronmaher

1350 California #307

Offers will be reviewed May 14th by 5:00 pm. Listed at $789,000.

The California Court is a modern-style building located in Nob Hill along the cable car line route. This unit has been remodeled with high-end upgrades in the kitchen, bathrooms, bedrooms, and living room and shows very nicely. Enjoy a working fireplace, private patio, deeded parking and a common area courtyard. Close to many novelties including Grace Cathederal, Fairmont Hotel, Nob Hill Cafe, Cala Foods, and Polk Street

666 Post St #602

Offers will be taken on this listing on May 14th, 2007. Listed at $490,000.

The Crown Terrace is a classic 1920's art-deco style building located in the restaurant/hotel district of San Francisco. This charming co-op unit has a nice corner location, northern views, fireplace, breakfast nook and spacious living room. On-sight building manager during business hours, common area roof deck with solarium and fabulous city views, social room, laundry & storage. Walk to financial district, theatre district, restaurants and nightlife

Meetup Group Update

Our first meetup group was a big success. We had about +/- 30 people in attendance. Our guests included investors, lenders, title escorw/ professionals, 1031 experts and real estate agents. I spoke for about 30 minutes about the ins and outs of purchasing commercial or investment property. If you would like a copy of my power point slide please contact me at the number listed below. Leonard Spotto then spoke for about 30 minutes on 1031 exchange strategies. Each participant had an opportunity to introduce themselves and talk about their investment goals. The group decided to meet every first Wednesday of the month. Everyone is welcome to attend, please call for more info....