Stay Sharp and Creative While in Self Quarantine, Says Peter J. Burns III

A positive outlook on life—despite the gloom and doom brought by the COVID-19 crisis—will always pay dividends, according to serial entrepreneur Peter J. Burns III.

He has a singular message that applies to your personal and professional lives: “Don’t whine about what is missing. Embrace what you have in front of you and just live your life. As the old saying goes about the calamity facing us now—this, too, shall pass.”

On the business front, Peter J. Burns III has kept moving forward during the coronavirus pandemic. He closed a significant transaction—acquisition of control of the board of the country’s first and best-run Cannabis Church.

The Agora Temple is located on Melrose Avenue in Los Angeles. This unique vertical is a religious institution that serves cannabis as a sacrament (more on this later). The church also is a significant force in bringing large charitable bequests to many underserved communities.

“Making a large investment in a completely new field appears counterintuitive to common sense, especially during one of the most fearsome economic downturns in America’s history,” Peter J. Burns III says. “But for me, it’s par for the course.”

On the personal side. Burns—who has had a hand in building 150 companies over an illustrious, 40-year career—says he’s using time during self-quarantine that’d he’d normally devote to finding new business ventures to enjoy his surroundings.

Based in Southern California, Peter J. Burns III is safely and responsibly—per social distancing guidelines—taking work-break walks in the gorgeous community of Del Mar. Before the coronavirus pandemic, he similarly discovered the beauty of La Jolla, Ocean Beach, Solana Beach, Encinitas and Cardiff-by-the-Sea.

“I’m lucky to live in an area that has extensive natural beauty and miles and mines of beach communities with amazing coastlines,” he says. “I’m really appreciating that right now.”

A Few Notes on the Cannabis Church

Cannabis churches are not new, but they are still in the fledgling stage. Agora Temple is a 501(C)(3) charitable organization based in the Melrose section of Los Angeles.

“Agora Temple will be the model for other places of worship as we expand in California and beyond,” Peter J. Burns III says. “We have an exemplary leadership team at the existing location, and we also have the right people in place for expansion, especially from an operational, legal and regulatory standpoint.”

Peter J. Burns III will have a seat on the board of directors at Agora Temple. He says his company’s decision was bolstered by a plethora of legal decisions in the state that recognize that freedom of religion is protected by the First Amendment, which prohibits laws impeding the free exercise of religion among U.S. citizens.

The model is also supported by the fact that there’s a long, rich history of cannabis and religion dating back 7,000 years. And, that the Catholic Church has long used wine as a sacrament, even selling wine that has been “ordained” to its membership.

“The underlying mission of promoting spiritual growth by using cannabis as a sacrament must be ingrained in the Temple’s philosophy as well as its practice,” Burns says. “There are many existing religious institutions in California that have mishandled this. We are prepared to help them, as well as to establish new Temples.”

Burns adds that he is also impressed by the charitable mission of Agora Temple, which has been working with various charities in Southern California for more than a year. ‘We will enhance those efforts,” he says.

Always Moving Forward

In good business climates, as well as the dismal one we are now in, Peter J. Burns III will continue to embrace what he has on his plate. Yes, this, too shall pass. And he’ll continue to create start-ups and look for savvy business partners.

There are always opportunities for investors—even as the country embraces a new, post-coronavirus economy. For more information, reach out to Peter J. Burns III: (

4 Things To Know About Saving Money at Tax Time With a Cost Segregation Study

Property owners who utilize Peter J. Burns III’s innovative process for doing “cost segregation” at tax time are eligible for big-time savings. It’s estimated there are 91 million buildings qualified for a cost segregation study. That means that as much as $500 billion of potential savings are on the table, according to Peter J. Burns III.

Obviously, cost segregation—which is a little-know process that’s guided by Internal Revenue Service guidelines—is underutilized. Is it for you? Can you save money by doing a cost segregation study? Let’s look at the definition of the process and delve into how it works.

What is Cost Segregation?

Under United States tax laws and accounting rules, cost segregation is the process of identifying personal property assets that are grouped with real property assets, and separating out personal assets for tax reporting purposes.  

In other words, cost segregation is a tax savings tool that allows businesses and individuals to increase cash flow by accelerating deductions and deferring federal and state income taxes.

What is a Cost Segregation Study?

To initiate a cost segregation study, a certified third-party identifies, values and separates depreciable personal property. A certified analyst will appraise non-structural items (things like carpet, wall coverings, etc.) and adjust the scheduled depreciation.

The result? Acceleration of depreciation can lead to huge tax savings in the early years of the life cycle of a real estate property. This allows a property owner to catch up on savings that result from the depreciation adjustment.

It’s relatively simple. Under standard, straight-line depreciation, the default tax life on a commercial building is 39 years. Cost segregation professionals seek to identify the multiple pieces of personal property that can be placed on shorter—five-, seven- or 15-year—depreciation terms.

According to studies commissioned by Peter J. Burns III, doing a third-party-certified study for cost segregation typically results in 6 percent of the value of a building coming back in tax benefits. In one study, an $8-million rental villa returned $625,000 to the owner after cost segregation.

When Should A Cost Seg Study Be Done?

Real estate that qualifies includes properties like large homes, villas or hotels that you anticipate holding for at least a few years and were purchased, constructed or remodeled after Jan. 1, 1987.

It’s best to have a study completed the year the building or improvements are placed in service. However, IRS Revenue Procedures allow taxpayers to “catch up” on the depreciation that was not claimed when the property was placed in service, without amending prior years’ tax returns.

In addition, the IRS allows for the “catch up” period all in the first year—rather than over four years, when the Revenue Procedure 99-49 was first introduced.

Should You Use an Expert to Conduct a Study?

Absolutely. A cost segregation study must be performed by a trained Cost Segregation specialist – not a Certified Public Accountant. 

At HL Cost Seg, our certified cost segregation study professionals have the expertise in tax law, cases, and rulings on cost segregation. Other specialties include real estate development and construction experience—to maximize your tax savings. Our company will work with your advisors to help you take advantage of this extremely viable tax savings solution.

Peter J. Burns III’s HL Cost Seg is a subsidiary of HL Villas and operates in conjunction with the financing arm of the business. The company has partnered with the leading cost segregation company in the industry, Cost Segregation Initiatives, LLC.

Some villa and hotel owners are eligible for a free Cost Segregation Study!

Cost Segregation Initiatives, LLC performs just one function…cost segregation. CPAs are on staff but this is not a CPA firm. (Note: Unlike some competitors, the company is not out to poach business from CPAs. We’ll work in conjunction with CPAs, not against them.)

Cost Segregation Initiatives, LLC was established to provide comprehensive, professional cost segregation studies to our clients. The team has more than 15 years of cost segregation experience and more than 35 years of tax preparation and planning experience.

Drop us a line at this link to find out how cost segregation can save you money at tax time!

Peter J. Burns III

Cost Segregation: What It Is & How Peter J. Burns III Can Save You Money at Tax Time

Entrepreneur Peter J. Burns III didn’t invent cost segregation—but the Southern California-based entrepreneur has innovated this process, which can save property owners thousands of dollars at tax time.

Burns has also identified a simple way that cost segregation can be used to boost the often-unenviable task of charitable fundraising. In fact, cost segregation is a win-win for both donors and charitable organizations looking to raise money.

But first, what is cost segregation? It’s a method of reclassifying components and improvements of commercial and residential real estate. Using Internal Revenue Service guidelines, cost segregation results in reduced tax liabilities and increased cash flow—for both owners and lessees.

To initiate cost segregation, a third-party-certified study identifies, values and separates depreciable personal property. A certified analyst will appraise non-structural items (things like carpet, wall coverings, etc.) and adjust the scheduled depreciation.

The result? Acceleration of depreciation can lead to huge tax savings in the early years of the life cycle of a real estate property. This allows a property owner to catch up on savings that result from the depreciation adjustment.

It’s relatively simple. Under standard, straight-line depreciation, the default tax life on a commercial building is 39 years. Cost segregation professionals seek to identify the multiple pieces of personal property that can be placed on shorter—five-, seven- or 15-year—depreciation terms.

According to studies commissioned by Peter J. Burns III, doing a third-party-certified study for cost segregation usually result in 6 percent of the value of a building coming back in tax benefits. In one study, an $8-million rental villa returned $625,000 to the owner after cost segregation.

Cost segregation is a 100-percent legal process guided by IRS methodology. The IRS publishes guidelines for a cost segregation study on its website.

IRS guidelines allow this technique to be applied to newly built and existing buildings. However, the building must have been placed in service after 1987. The number of years owned by the current owner, prior renovations, and future renovation plans are some of the considerations used to determine whether a cost segregation study makes economic sense.

The technique has been widely used since 1997 as a result of two landmark tax court cases in which both Walgreens and Hospital Corp. of America prevailed against the IRS. Traditionally, engineering departments in Big Four CPA firms have used cost segregation with their large clients.

The modern application of cost segregation can be traced to those 1997 court cases—but it was Peter J. Burns III, who was serving as an adjunct faculty member at the Barrett Honor College at Arizona State University, who first tied the practice to other business ventures in 2005.

Using Cost Segregation for Innovative Charitable Fundraising

Seeking charitable donations for even the worthiest organizations is often an uphill battle. Nobody likes to be in the position of holding out their hand for money.

Tradition techniques include cold calling and letter-writing campaigns that detail why donations are important for the worthwhile mission of the charitable organization. Whatever method you use to seek funding, it’s often a tough sell with your donation base.

However, what if you can guide wealthy patrons into a simple way to create huge tax savings on their real estate properties? It’s logical that they can, in turn, donate a substantial percentage of those savings to your charitable organization.

It’s estimated there are 91 million buildings eligible for a cost segregation study. Yet, only five percent have undergone the process. According to Peter J. Burns III, that means that as much as $500 billion of potential funding for charitable organizations is still on the table.

It’s actually a simple transaction! Charities offer to commission a cost segregation study for donors—in return for a sizable portion of the resulting tax savings. This allows wealthy donors who own property to generate funds for the charity of their choice at no out-of-pocket expense.

 If you’d like to find out more about this innovative process to do charitable fundraising, reach out to Peter J. Burns III, who can help match prospective donors with qualified cost segregation professionals.

Peter J. Burns III

The Opioid Crisis~Get Experienced Legal Help Now!

TGKI Law – Opioid Crisis Recovery Law Firm

Photo by on Unsplash

In the last decade or so, opioid addiction has destroyed millions of lives and become an ever-increasing and dangerous plight which has flooded institutions and industries across our country: our schools, hospitals, prisons, workplaces and homes have been inundated with victims who have fallen prey to the empty promises of “Big Pharma”.  

CNN Editorial Research found that the FDA approved an “abuse-deterrent” formulation of OxyContin to help curb abuse. However, people still found ways to abuse it as pharmaceutical companies pushed the drug and doctors continued to over-prescribe it. This was the initial wave of the opioid tsunami we now face as a nation (2019).

Then, in May of 2015 “the DEA announced that it had arrested 280 people, including 22 doctors and pharmacists, after a 15-month sting operation centered on health care providers who dispense large amounts of opioids. The sting, dubbed Operation Pilluted, is the largest prescription drug bust in the history of the DEA.” (“CNN Opioid Crisis Fast Facts”, 2019). This set the precedence for future prosecution of companies who have placed greed, wealth and personal gain over the lives and health of millions of victims and their families. As they’ve secured billions in profits, they’ve also left multitudes addicted and their families devastated. 

That’s where the lawyers at TGKI Law – Opioid Crisis Recovery Law Firm have stepped in to recover damages and hold accountable those manufacturers and wholesalers who have saturated the market with these dangerous drugs. They understand the extent of the opioid crisis and have the knowledge and experience to help. They know that without this fight, millions more will continue to become addicted and the opioid death toll will only continue to rise. 

 “The statistics for opioid use and opioid-related overdoses are alarming. Every day, opioid addiction affects millions of Americans and their families. 115 Americans die each day due to opioid-related causes, and an estimated 7,000 people are treated each day for opioid-related complications.” (Murray, 2019).


TGKI Law – Opioid Crisis Recovery Law Firm

In fact, in recent years, more people died from drug-related overdoses than gun violence or motor vehicle-related accidents (Freedman, 2018). 70,000 deaths were from drug-related overdoses, and 68% of those were due to prescription or illicit opioid overdoses. It’s important to remember that opioids includes various prescription medications as well as illicit drugs. The Centers for Disease Control and Prevention (CDC, 2018).

Johns Hopkins Medicine lists the most commonly used opioids as:

  • prescription opioids, such as OxyContin and Vicodin
  • fentanyl, a synthetic opioid 50–100 times more potent than morphine
  • heroin, an illegal drug

One need only to Google “Opioid Addiction” now to find page after page of opioid addiction surveys, checklists, support groups, rehabilitation centers, medical centers who specialize in it and lawyers who represent victims in this deadly national epidemic. There is no denying the magnitude of this crisis.

The precedence for litigation against Big Pharma was first set when the Tobacco Industry finally had to answer to their greed and deception as they lost a lawsuit against one of their many victims in February of 2000, and were ordered to pay the plaintiff 51 million in damages. Then Purdue Pharma pled guilty in 2007 for “misleading and defrauding” consumers by advertising Oxycontin as “less addictive” than other opioids. Clearly, justice is eventually served when enough victims come forward to hold companies responsible. We now know that the highly addictive nature of these opioids has led to millions of deaths and overdoses and has increased the number of people who become addicted to illicit opioids. (“CNN Opioid Crisis Fast Facts”, 2019).

Opioid addiction has hit all socioeconomic levels of society, from the poor to the wealthy. It has also affected many races. One which has been substantially hit are American Indians. On any given reservation, one in ten American Indians report that they or someone they know has become addicted to opioids. (Parkhurst, et al. 2018). Their lack of proper medical care may be a contributing factor in the cause of these alarming statistics, but what can they do right now to stop Big Pharma from continuing to take advantage of their communities? 

Peter J. Burns, III is working in coordination with TGKI Law – Opioid Crisis Recovery Law Firm to bring justice to the millions of victims, including multitudes of American Indian families across hundreds of Indian reservations whose lives and family’s lives have been devastated by opioid addiction. They also know that victims and their families are entitled to substantial compensation, in many cases, for their pain and suffering, hospitalizations, medical treatments, rehabilitation programs, lost wages, funeral expenses and more.

Many victims and families of victims are standing up now. They have suffered and are ready to hold accountable “Big Pharma” for their pain and suffering. They are seeking counsel from TGKI Law – Opioid Crisis Recovery Law Firm because they know they are in good hands.

In doing the research of the many firms out there, here are 5 good reasons to choose TGKI Law – Opioid Crisis Recovery Law Firm and CALL NOW:

  1. There is NO DOWNSIDE RISK to file a claim. 

If they do not recover any damages, there is no payment. Fees are collected only if they are successful in recovering damages for the client. 

  1. There is NO UPFRONT FEE and NO COST.

Cases are accepted based on contingency fees so there is no upfront payment or other costs to the client unless damages are recovered.

  1. A 25% Contingency Fee.

TGKI has agreed to accept a 25% contingency fee for tribes instead of the typical 33% fee charged by most attorneys for cases such as this. The 25% contingency allows the tribe to keep 8% more of any received damages versus a settlement negotiated by a competing firm with 33% contingency fee.

  1. A short and simple Legal Services Retainer contract.

With their simple retainer contract, there is no need for lengthy review processes which could delay filing and result in a missed opportunity for maximum damage recovery. 

  1. TGKI is leading the fight.

TGKI Law – Opioid Crisis Recovery Law Firm has already filed over 80 cases on behalf of municipalities and various other entities and wants to help your family or your tribe recover its fair share.

Peter J. Burns III

by L. A. Rawleigh on January 5, 2020


Murray, K. (2019). Who Opioid Addiction Affects. Retrieved from:

Opioid Crisis Fast Facts. (2019). Retrieved from:

Freedman, H. (2018). We Asked, You Answered. Did Guns, Car Crashes or Drug Overdoses Kill More People? Retrieved from:

What Are Opioids? (n.d.) Retrieved from:

Opioid Crisis Data: Understanding the Epidemic. (2018). Center for Disease Control and Prevention. Retrieved from:

Rising Number of Deaths Involving Fentanyl and Fentanyl Analogs, Including Carfentanil and Increased Usage and Mixing with Non-Opioids. (2018). Center for Disease Control and Prevention. Retrieved from:

Burn$ Funding Expands Opportunities for Investors with Launch of Behavioral Group Homes

Like the company’s announcement a few weeks ago of the launch of Luxury Group Homes as a new division, the introduction of Behavioral Group Homes taps into a growing trend in eldercare around group homes. Many studies have shown that demand for beds at nursing homes and assisted living facilities is outpacing supply. Group homes are a logical alternative.

As with investments in Luxury Group Homes, investments in Behavioral Group Homes could also prove lucrative, according to serial startup entrepreneur Peter J. Burns, III, the founder of Burn$ Funding. Behavioral homes typically generate 20% to 40% higher net income than traditional group homes.

A key component of the deal is that the current owner of the behavioral homes will remain a consultant to Burn$ Funding for 12 to 18 months. “He has an exemplary staff that has been with the company for several years,” said Burns. “There has been very little turnover, and we intend to keep it that way. On a related note, we plan to use these three homes as a showcase for our Behavioral Group Homes business, to show future residents, their families, the community, and investors how these types of homes should be managed. These three behavioral homes have consistently achieved high ratings from Banner Health, and in recent years, Banner Health has become a tremendous referral source for residents of these homes.”

Burns added that the homes are not only great for the residents, but also for investors.

“They generate a significantly higher Cap Rate and Cash on Cash Return than almost any other type of real estate investment,” said Burns. “Behavioral Group Homes have returns that are much higher than owning a traditional rental property, and much less risky than an Airbnb type of real estate investment, which is risky due to unknowns including zoning restrictions/changes, community issues and variable demand.”

About Burn$ Funding

Burn$ Funding is an emerging aggregator of non-traditional tools for securing growth capital. Three of those tools, in particular stand out. First, Burn$ Funding has institutionalized the bridge funding process to help clients reduce credit card debt and obtain a higher credit score. This allows Burn$ Funding clients to secure more capital at remarkably low interest rates, in some cases as low as zero percent for an introductory period of 12–21 months. Second, Burn$ Funding offers a market in shelf corporations, which are business entities that are no longer being used because their assets have been sold, typically through acquisition. However, these corporations are still viable because they have exemplary credit records. While these entities typically range in cost from $5,000 to $10,000, their clean record can help clients secure lines of credit for growth. Third, Burn$ Funding has pioneered the use of Cost Segregation to allow commercial real estate owners to generate capital (in the form of tax savings) based on a little known IRS allowance. A cost segregation study identifies aspects of a property that can be placed on accelerated depreciation life cycles, typically resulting in huge tax savings for eligible property owners.

Note: Previously published by Peter J. Burns III on Medium (2019)


Conducting Market Research

Note: Previously published by Peter J. Burns III on Medium (2019)

Pet Care so Revolutionized, the Pup-arozzi will Pounce!

Peter J. Burns’s New Pet Care Concept

(Maui & Malcolm, two doggies who love their walks!)

Entrepreneur Peter J. Burns III is revolutionizing the pet care industry. His biography includes initiating over 150 businesses, founding the Entrepreneurship Program for the Barrett Honors College at ASU and then Grand Canyon University, and much, much more. So he has a wealth of knowledge about how to take an idea and run with it. Or in this case, walk with some furry friends. 

This lifelong entrepreneur has many passions, from humanitarian causes in Ethiopia to the conservation of our precious ocean mammals, to the care of our smaller beloved creatures: our fur babies. Peter J. Burns III is an animal lover much like the almost 2 million households in Los Angeles County alone which own cats or dogs. 

In an area where specialty gourmet pet stores cater to the pampered pet with organic doggie and kitty treats, “pupcakes” for their special birthday and homemade vegan doggie bones, it is only fitting that our beloved pets should have access to a first-class level of service for their daily walks, hikes, playtime and grooming needs.


         Photo from: “Jen’s Golden’s” Facebook

Should we really trust a stranger with our furry friends?

The dog walking industry has just recently launched full-swing with the advent of various dog walking apps, where owners can quickly find a dog walker and order up their service with as much ease as ordering fast food to their door. However, the vetting process for checking a person’s background and ruling out any criminal history is, upon closer look, sometimes not as thorough as one is lead to believe. 

We tested one app and our “dog walker” just put down two family members for their “references”. Those family members then answered one question in an email: “Do you recommend this person?” Other stories making the news include pet sitters on hidden camera who are distracted, inattentive and staying for half the time for which they’re getting paid.

While the current mass dog walking industry has not been sufficiently regulated in our opinion, Peter J. Burns III has initiated a new, safer, higher-quality pet care service. His new pet care service will focus on predetermined credentials, better training and more thorough background check of your dog-walker or pet-sitter. Our pets are our babies, after all. They trust us, so we owe it to them to provide the safest service we can. 

In a recent radio interview on “Movers & Shakers”, Burns explained how there is no current industry standard in a “fragmented…hodge podge” business. (Note that this segment of the interview occurs about halfway through at 11:25.) He is working to create a “Seal of Approval” to elevate the standards for the dog walking and pet sitting industry to a level which our fur babies certainly deserve. 

Burns’s revolutionary pet care service would begin with hiring trusted, quality pet care providers for dog walking services. He then will expand to a full range of services, including:

  • Pet sitting 
  • Pet grooming and daily care
  • Pet health needs, including administering medications as directed by your veterinarian.
  • Loving care, attention and playtime

Our furry friends depend on us for love, comfort and care 24 hours a day. So when we can’t be there for them, it helps put our minds at ease to know they are in good, trusted and credentialed hands. Isn’t it time to set the standards higher? With Peter J. Burns III, the industry is about to answer that question with a resounding, “Yes.”

Peter J. Burns III

Written by L. A. Rawleigh


Estimated Number of Pet-Owning Households Los Angeles County (2017). Retrieved from