Ladies and Gents,
If you are not yet aware of the major tax incentive for investing in rental housing in Mississippi, the time cannot be better to learn. With an extension to the incentive until 2010, real estate investors can utilize rental property to off-set all of their income taxes for years. Just a quick definition of the go zone: Investors may depreciate new construction rental property be a 50% bonus just after the first year of ownership. This is in addition to the typical straight line method for depreciation rules. This accelerated depreciation allows you to write off $60,000 per house and/or $110,000 for a duplex. The Net Operating Loss Rule also says you may carry back your depreciation 5 years and also carry it forward 15 years, meaning RECAPTURE your taxes for up to 5 years ago, or save it for future big years you may have in the future.
We are getting a lot of attention and with the credit industry the way it is, we are taking advantage of low competition and no saturation. We are teamed with the area's best property manager, and lenders, giving you a very smooth acquisition and powerful investment opportunity. The Go Zone in Mississippi is exactly that. It is the most powerful federal incentive ever offered in real estate history. If you are applying for the MDA Small Rental Assistance Program, our homes are in full compliance to what FEMA is asking. This, as some may know, EXCEEDS normal code and is a very strict code that is soon going to be adopted in the entire region. Don't get fooled on inexperienced contractors building your homes on the ground. Elevate your homes to the Advised Base Flood Elevation and enjoy years of worry-free rental property.
We are the Go Zone Preconstruction Experts and want to make sure your investment is a strong indication to what we can do again in the future in our other markets.
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