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- Video Series – Secrets of Hassle-Free Cashflow Real Estate Investing
- PART 1 – Secrets of Hassle-Free Chasflow Investing – Introduction
- PART 2 – Secrets of Hassle-Free Cashflow Investing – Learning real estate investing vocabulary
- PART 3 – Secrets of Hassle-Free Cashflow Real Estate Investing – Get Higher Returns with Less Invested
- PART 4 – Secrets of Hassle-Free Cashflow Investing – Getting From Where You Are To Where You Want to Be
- PART 5 – Secrets of Hassle-Free Cashflow Investing – taking the hassle out of your real estate investing with education experience and a team
- PART 6 – Secrets of Hassle-Free Cashflow Investing – Hassle-Free Cashflow Investing Formulas- Using Arbitrage To Increase Yield While Lowering Risk
- PART 7 – Secrets of Hassle-Free Cashflow Real Estate Investing – understanding leverage ratio
- PART 8 Calculating ROI using leverage ratio and arbitrage spread
- PART 9 – Into To Hassle-Free Cashflow Investing – Increasing Arbitrage Spread Magnifies ROI
- PART 10 – Intro to Hassle-Free Cashflow Investing – Property, Location, Team, Financing, and Expect
- PART 11 – Intro To Hassle-Free Cashflow Investing – How To Make Money With Real Estate Investing
- Part 12 – Living Life By Design
- Part 13 – Are Passive Investments in Real Estate Right for You?
- Video Series – Real Estate Math
- Lesson 1 – Calculating Return on Investment
- Lesson 2 – How and When to Use ROI (return on investment)
- Lesson 3: Calculating Gross Scheduled Income, Adjusted Gross Income, Net Operating Income
- Lesson 4: Calculating Operating Expenses
- Lesson 5: Calculating Capitalization Rate
- Lesson 6 – Calculating Interest Rate
- Video Series – Investor Financing
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- Secrets of Self-Storage Investing
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- Cash Management Strategies for Real Estate Investors
- Partnering for Profit
- Introduction to NNN Lease Commercial Real Estate Investing
- Cashflow Investing for Prosperity and Happiness
- Cashflow Investing Strategies for Recessionary and Inflationary Times
- Creating Your Life By Design
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- Tackling Success: From the NFL to Professional Investor With Professional Athlete Terrence Robinson
- Strategies for Protecting Your Income and Wealth from Rising Inflation
- Video Series – Tax / Accounting / Self-Directed IRA
- A Real Estate Investor’s Comparison of IRA, ROTH IRA, and 401(k)
- Tax Planning Strategies For Cashflow Real Estate Investors
- Year End Tax Strategies for Business Owners and Real Estate Investors
- Using A Self-Directed IRA to Create Hassle-Free Cashflow
- The Ultimate Tax SmackDown Event: Solo(k) versus IRA
- Back to Basics Bookkeeping For Real Estate Investors and Business Owners
- Using A Self-Directed IRA When Your Income is High But Your Balance Is Low
- Taxmaggedon: tax strategies to Protect Yourself From Tomorrow’s Taxes!
- Creating Powerful Retirement Accounts for Business Owners & Real Estate Investors
- Falling in Love with Real Estate Bookkeeping
- Real Estate Investor Tax Deductions and Investing Strategies
- Video Series – Real Estate Investing FAQs
- Texas Cashflow Real Estate Investing
- Video Series – Secrets of Hassle-Free Cashflow Real Estate Investing
- Hassle-Free Cashflow Investing Secrets
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- How to Avoid UDFI Taxes When Investing in Real Estate with your IRA
- Eight Best Kept Secrets About Investing with your IRA
- A Guide to 1031 Exchanges
- Top 20 Things Every Business Owner Needs to Know
- Recordkeeping: Keep the Receipt or Lose the Deduction
- Managing Your Properties with QuickBooks
- Powerful Cash Management Strategies
- 17 Steps to a Successful Joint Venture
- Get a Fast Fifteen Points on Your Credit Report
- 12 Warning Signs You’re Headed For A Lawsuit With Your Partner
- choosing entity type
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- Negotiate Better Lender Terms
- Foreclosure Process
- David Campbell – Founder / Investment Strategist
- Jim Thylin – Investor Relations / Business Development
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- COX Premier – Property Management
- Tamsyn Campbell – Chief Financial and Operations Officer
- Kaaren Hall – uDirect IRA
- Northwest Registered Agent
- Jeffrey Lerman – Attorney
- Wayne Sanford – Credit Repair
- Amanda Han – Keystone CPA
- Renee Daggett – Bookkeeping
By George Avalos
Copart Inc. will move its headquarters out of Fairfield and shift its head offices to Texas, the company said Thursday, a departure that jolts California’s already wobbly economy.
The company, one of the Bay Area’s largest public companies, employs an estimated 334 workers at its Fairfield facility. Copart will exit the current headquarters as soon as late 2012.
Ranked by revenue, Copart is one of the 80 largest public companies in the nine-county region. Its market value on Thursday was $2.79 billion.
“We will relocate our corporate headquarters to Dallas,” said Vinnie Mitz, Copart’s president. “The relocation will be carried out in phases beginning early in the summer of 2011 and will continue over the next two years.”
On Jan. 3, Copart sold its 100,000-square-foot headquarters building to Partnership HealthPlan of California. Partnership HealthPlan paid $16.5 million for the building and agreed to lease the complex to Copart for the time being, said Dave McCallum, manager of the market department with Partnership HealthPlan.
Partnership HealthPlan hopes it can move into the building in December 2012, McCallum said.
“It’s unfortunate that California is losing these kinds of companies,” said Brooks Pedder, managing partner with Colliers International, a commercial realty firm. “Copart’s departure is all about the cost of doing business here.”
Copart has become a stalwart in the Bay Area corporate landscape. Over the 12 months that ended in October, the company reaped $800 million in sales and $154 million in profits.
The company has managed to marry the old-school business of vehicle salvage with the Internet’s vast reach. The offspring of this union are online auctions for vehicles that have been wrecked or stolen. Copart has parlayed the digital bazaar into an unbroken string of annual profits that stretch back to at least 1992.
“The decision to realign our business and corporate operations is in part due to the dynamic growth opportunities that exist in our changing marketplace,” Mitz said.
Copart will keep three administrative units and certain other operations at what will become a divisional hub in Fairfield. The company will transplant all other corporate functions to new divisional hubs in Grand Prairie, Tex.; Hartford, Conn.; and the new Dallas headquarters.
The company hopes to be able to better connect its field operations with its customers and potential clients.
“Diversifying our office locations allows Copart to be closer geographically to our customers and clients, resulting in greater operational efficiencies and improved customer service,” Mitz said.
Copart executives decided to move its headquarters out of Fairfield in the wake of the state government election results in California in November, said people familiar with Copart’s exit strategy.
“The state’s regulatory environment is as uncertain as ever,” said Gino DiCaro, executive director of the California Manufacturers & Technology Association. “The tax burden for a company to operate a business in California is 13 to 14 percent higher than the rest of the country.”
In December, DiCaro wrote in a blog that the eyes of Texas are on California’s manufacturing jobs. He noted that in 2010, Texas added 1,100 manufacturing jobs for every 1 million residents of that state, while California lost 32 factory jobs for every 1 million Golden State residents.
DiCaro said he thinks the California business climate and the state’s economy face twin foes.
“It’s not just the movement out of California, it’s the new growth that is not occurring here,” he said.
Part of our series of articles on investing in Dallas