Mallorca Modern Goal Process

Mallorca Modern

• Bring contemporary Mediterranean living to the 'Tuscany of the USA'
• Manifest my 'what I would do if I could not fail' goal.
• Create dream homes as a dream profession

Goal Process

Okay, we’re going to begin. You may keep your eyes open or closed as you like.

Are you nervous or excited about doing this process?

Proceed with Neutralize Protocol

How do you feel?

Proceed with Neutralize Protocol

Do you have any doubts about running this process correctly?

Proceed with Neutralize Protocol

Now, put your attention on a goal you wish to achieve.

     Do you have any expectations for the results of this process relative to the goal?

           Proceed with Neutralize Protocol

Is there something about this goal  you think you may never be handled?

           Proceed with Neutralize Protocol

Is there a part of this goal  that you can’t imagine coming about?

           Proceed with Neutralize Protocol

Are you creating an idea that you’ve failed in this goal before?

           Proceed with Neutralize Protocol

Are you creating an idea you will fail in this goal in the future

          Proceed with Neutralize Protocol

Regarding you goal, are you creating a lack of physical ability?

          Proceed with Neutralize Protocol

Regarding your goal, are you creating a emotional barrier or fear?

          Proceed with Neutralize Protocol

Regarding your goal, are you creating a lack of knowledge?

          Proceed with Neutralize Protocol

Regarding your goal are you creating a lack of spiritual presence?

          Proceed with Neutralize Protocol

    

Create an impression of yourself when you first decided upon your goal.

Now create an impression of every obstacle you have so far overcome, since deciding on your goal.

Now, create and impression of how you feel about your goal right now.

Now create an impression of the person who you think you need to be, to achieve the goal.

Experience what that person is doing as they achieve their goal.

     Experience what that person is seeing as they achieve their goal. 

     Experience what that person is hearing as they achieve their goal.

     Experience who that person is with as they achieve their goal.

    Experience that person receiving or spending money if required to achieve their goal. 

    Experience that person thinking the thoughts required to  achieve their goal.

    Experience that person feeling the emotions required to achieve their goal.

           Proceed with Neuro Future Protocol

Experience that person feeling the frustration required to achieve their goal.

Experience that person felling elation at the achievement of their goal.
Now totally be the person who is experiencing all of those things.

                Proceed with NeuroYou Protocol

Insights

• Bring everything I have to the table
• Design, planning, execution, vision, style, attention to detail
• This is an exercise in manifestation
• Niggling belief: I am not enough

Jason Hartman Investment Properties

http://www.jasonhartman.com/cw-616-happy-new-year-home-warranty-eviction-llcs-negotiations-zillow-cash-on-cash-return-qas/

To subscribe to our free weekly podcast, go to http://www.JasonHartman.com/podcast/. 
To search for income properties, go to http://www.JasonHartman.com/properties/. 

oliver@jasonhartman.com

Depreciation

IRS Website

The Basics

The following section discusses the information you will need to have about the rental property and the decisions to be made before figuring your depreciation deduction.

What Rental Property Can Be Depreciated?

You can depreciate your property if it meets all the following requirements.

• You own the property.
• You use the property in your business or income-producing activity (such as rental property).
• The property has a determinable useful life.
• The property is expected to last more than one year.

Property you own.   To claim depreciation, you usually must be the owner of the property. You are considered to be the owner of property even if it is subject to a debt.

Property having a determinable useful life.   To be depreciable, your property must have a determinable useful life. This means that it must be something that wears out, decays, gets used up, becomes obsolete, or loses its value from natural causes.

ACRS Depreciation

Most business and investment property placed in service after 1986 is depreciated using MACRS.

This section explains how to determine which MACRS depreciation system applies to your property. It also discusses other information you need to know before you can figure depreciation under MACRS. This information includes the property's:

• Recovery class,
• Applicable recovery period,
• Convention,
• Placed-in-service date,
• Basis for depreciation, and
• Depreciation method.

Depreciation Systems

MACRS consists of two systems that determine how you depreciate your property—the General Depreciation System (GDS) and the Alternative Depreciation System (ADS). You must use GDS unless you are specifically required by law to use ADS or you elect to use ADS.

Using Financing to Buy Investment Real Estate

Using Financing to Increase your Returns

EDS NQ Retirement Benefit Analysis

Can I get the lump sum now?

$34,764 lump sum.
Answer: No. It's a non-qualified benefit so the earliest I can receive it if 55, or if terminated.

Real Estate Investing in an IRA

American Real Estate Investments

Home Union

Putting your hard-earned IRA assets into a “self-directed” IRA can be a very good idea to grow long-term, tax-deferred or tax-free assets. But it doesn’t work for everyone.

With taxes going up for most people, you might be paying more attention to your tax-deferred retirement investing options, such as your Individual Retirement Account (IRA). And with property prices going up, you might ponder whether you can invest those IRA funds in real estate to both defer (or eliminate) taxes and earn a fair rate of return.

Here are a few things you should specifically consider if you think using an IRA to buy investment properties could work for you.

Eligible properties

The real estate you buy must be a business property, not a personal residence, second home or occasional rental. Also, you can’t use your IRA to buy a property you already own; it has to be a new purchase directly into the IRA.

If you wanted to buy a rental property, you would open an IRA custodial account, transfer cash from an existing IRA account — or possibly 401(k) — into the custodial account and then purchase real estate under the IRA account name. Very specific rules outline what you can and cannot do in funding and managing the investment, so make sure to get good advice on those rules.

You can also buy and sell real estate in a self-directed IRA if you are in the flipping business, but there are limits on how many you can do per year. The profits on any transaction would be tax-deferred or tax-free and allow your IRA to continue to grow with those tax advantages.

IRA investing concerns

You can’t get a traditional mortgage loan in an IRA, so you really need to have enough money in your IRA to purchase properties for cash if you plan on having the property as a long-term rental. 

There are also costs to administering the IRA, so factor those into your calculations when penciling out any real estate investment. And you cannot write off losses or depreciation from any investment property in an IRA, so there won’t be the traditional tax savings you’d get on rental properties. Lastly, if you fail to comply with any of the rules, it may kill your IRA and cause you many tax penalties.

Financial considerations
Don’t put all of your IRA eggs into one basket. Too many people don’t properly diversify their retirement assets — present company included. It would be smart to talk to a financial adviser on how to allocate all your investment savings into different assets, based on your age and risk tolerance.

If you want to use your IRA to buy real estate, you need to understand what you can and can’t do. More key information can be reviewed at udirectIRA, which is a self-directed IRA custodian. And as always you also should get professional guidance from an accountant and lawyer.

Good luck!

What will I be doing?

Unordered Tasks

None

Ordered Tasks

Sell Eden 2

Calculate financial model for Eden2 sale

Manage Eden 2 Renovation

Sell Eden2

Gratefully receive the profit

Pay tax in New Zealand

Move the money to USA

Setup Optimax Investment LLC

Create financial plan to buy 5 properties

Create Optimax Investment LLC

Put money in a self directed IRA and use it to buy investment property

Buy 5 Rental Investment Properties

Research properties

Create a budget

Create a timeline

Buy the first investment property

Buy the second investment property

Buy the third investment property

Buy the fourth investment property

Buy the fifth investment property

Mallorca Modern Homes

Create the Mallorca Modern Concept

Develop the Concept

Learn how to manage a construction project

Create a budget

Create Mallorca Modern LLC

Create the First Mallorca Modern Home

Create an onsite office

Find a lot

Create the high level 3D design my self

Hire an architect to finalize the plan

Get the planning permission

Hire a landscaper

Project Manage the building process

Get the home build

Hire an estate agent

Sell the home

Scale the Mallorca Modern Business

Identify lots for two or three homes


Develop multiple homes

Identify lot for ten homes

Build gated community of ten homes

Identify Learning Gaps