Issue

Howdy Folks and welcome to another edition of Fuel For Thought.

Before we get into this week’s edition, I have an important announcement for you that’ll make

Now back to the show:

All roads, including those lined with gas stations, lead to real estate.

If you’ve been with me for a while, you know that I love to talk all things gasoline and all things real estate. That’s right, gasoline and real estate go hand in hand and the first one, for lack of a better phrase, is an accelerant for the second!

Whether you own your own truck lots or truck stops or your own gas station or do land leases for C-stores and QSRs (fast food joints), it’s impossible to separate the two. We make money on selling fuel, and then we parlay that money into real estate, which we then improve on, refinance, and pull cash out to buy more real estate or expand our fuel and retail operations, in a very tax-advantaged way.

And the wheel continues to go round and round.

But there’s so much more to what you can do with real estate in your business. Just this past week I talked about buying a property with the business, then selling the business, keeping the property, and leasing the property back out to either the new owner of the business or someone new altogether, potentially with even better credit and lease terms.

What you’re usually left with is a paid-off property you got for free or nearly for free.

Better yet, this works in all industries and is the easiest way I know to fund deals outside of cash.

For 30 years I have been taking convenience store money, then gas station money, then fuel distribution money, and now fuel hauling money, and converting it to hard assets - lots, strip malls, houses, and more.

I’ve also been reaping the benefits of tremendous tax advantages - all sorts of write-offs, accelerated depreciation, 1031 exchanges into high-quality assets, and much more. Whatever you think of the government, the tax code is written to benefit small business owners and property owners, and by being both, you get the most tax advantages of any regular Joe.

Remember, gas stations, convenience stores, and car washes have some of the most advantageous accelerated depreciation schedules out there so it’s up to you to build a business that takes clear advantage of all of these benefits and advantages.

As we get into the end of the year I’ll continue sharing all of the strategies and tactics I’ve employed for the past 3 decades to keep more of my income in the hands of my family and myself and away from the taxman, while being a good member of my community and steward of some of our most strategic assets.

Thanks for making it to the end of issue #7. Now the announcement.

I’ve recently partnered with the amazing folks at ReCostSeg to get you guys the best-accelerated depreciation reports in the business. I look forward to working with Melanie Baldridge (@recostseg), her husband Mitchelle (@baldridgecpa), and Nick Huber (@sweatystartup) on getting you guys the best cost segregation reports out there. I’ll have a special announcement about this next week, but wanted to let you all know about it now and share a link that will let you use their services while supporting ‘ol GBG:

Click Here

As Mitchelle recently tweeted (“X’ed”?):

“Gas stations are all 5 and 15-year property, so you can bonus the whole thing. All cash no tax!”

Till next week Gas Nation!

GBG