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investing in duplexes: Who likes paying taxes? - 08/05/08 06:34 PM
Please join us on Tuesday August 5th at 9:00 pm (EST) to learn how investors just like you are buying cash flowing properties in the fastest appreciating market in the country and saving thousands of dollars on their taxes. The "GO Zone" was implemented by President Bush after Hurricane Katrina devastated Mississippi and Louisiana in 2005. This IRS statute allows investors to save thousands of dollars on their taxes by simply buying rental properties in certain areas of Mississippi, Alabama, Florida, and Louisiana. You may have heard that you have to be a real estate professional to qualify for the GO (0 comments)
investing in duplexes: Still time for a great opportunity in the GO ZONE - 04/06/08 09:44 PM
The U.S. Senate approved a measure Friday to extend the Gulf Opportunity Zone Act, giving new hope that lucrative tax incentives to build condos, apartments and businesses will last a few more years.U.S. Sen. Roger Wicker added an amendment to a housing bill, and his addition passed 74-5. U.S. Sen. Thad Cochran co-sponsored the bill. The new GO Zone plan would give tax breaks to builders of apartments, condos and businesses only in Hancock, Harrison, Jackson, Pearl River and Stone counties. When it passed just after Hurricane Katrina in 2005, the legislation had incentives for nearly 50 Mississippi counties but those are (0 comments)
investing in duplexes: GO Zone Post - 03/18/08 04:09 PM
The opportunity for good projects are few and far between. The GO Zone provides one such opportunity for investors and realtors alike to actually create a portfolio that makes sense. No going through the lengthy process of finding a viable short sale or foreclosure, no relying on a big builder discount. Here is an opportunity that makes sense for all parties, and most of all helps a community rebuild. Get in the zone-The GO Zone - Get more free documents (0 comments)
investing in duplexes: GO Zone, and economic stimulus - 03/01/08 07:23 PM
The article below outlines a big part of the new Economic Stimulus Package that went in to effect on February 13, 2008. At the core is the 50% bonus depreciation. This should help in many markets, but the bonus depreciation is in effect in some strong markets right now. The area along the gulf coast-Louisiana, Mississippi, Alabama known as the "GO Zone" and in particular 4 Mississippi counties-Hancock, Harrison, Jackson, and Pearl River hace the bonus depreciation in effect until December 31, 2010. Find out about some of the best GO Zone opportunities in these areas. Temporary 50% Bonus DepreciationEffective Period: Dec (2 comments)
investing in duplexes: GO Zone for the ordinary person - 02/29/08 01:42 PM
You can fing groups posting, blogging, webinars, seminars, e-campaigns, tours, rallies, media blitzes, faxes, carrier pigeons, smoke signals, drums, intelligence briefings, and virtually any other king of media summit all talking about the "GO Zone". But does it make sense to the average person? The IRS has all kinds of incentives and tax breaks such as bigger education credits, extended tax deadliines, bigger charitable giving deductions, and much more. But... the one that you as a real estate investor should pay attention to is the whopping bonus 50% depreciation allowance for investors purchasing property (not just real estate) after August 27, 2005. As (0 comments)
investing in duplexes: Why consider "the GO Zone" - 02/26/08 01:37 PM
While the fallout of the sub-prime market and the slowdown in housing starts has been difficult for most of the United States, one area that is really feeling the crunch is the gulf coast of Mississippi. An area rocked by Hurricane Katrina is now faced with a new growing crisis. Consider these facts; Mississippi was a 35% rental state prior to Katrinahundreds of thousands of people have been displaced (most want to return home)Insurance payouts have been slow and/or nonexistentmany landlords chose not to rebuild rather choosing to accept the settlement checkgovernment programs designed to kickstart rental housing have been mired in bureaucracymany (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.