Realtors: Pay No Taxes in 2008! Go Zone Benefits!

Realtors: Pay No Taxes in 2008! Go Zone Benefits!

Realtors: Pay No Taxes in 2008! Go Zone Benefits!

That's right, NO TAXES IN 2008, and possibly even beyond!  As a real estate professional, you are among the elite few that can take full advantage of the Go Zone Benefits! 

What is the Go Zone?  After Hurricane Katrina, the Gulf Zone Opportunity Act was signed into law and is currently about to be extended to 2010.  Provided this extension is passed, Realtors will be in the best position to take advantage of it.  The most important benefit of this law allows real estate professionals that invest in Go Zone rental property to take an accelerated 50% depreciation tax deduction on new construction property in the first year!  As an example, if you purchased a $130,000 home in the Go Zone and the land was worth $10,000, you could take a $60,000 deduction this year!  With two properties, this would mean a $120,000 tax deduction!  This benefit gets even better...if you can't use the entire deduction this year, you can carry it back 5 years or forward 20!  As always, it's advised that you check with your CPA.

You can take advantage of this opportunity by contacting Mary Luz Johnsen at Gulfstream Realty & Development at 888-254-8564 ext 128.  Gulfstream is offering positive cash flow, low down payment investment options in the Mississippi Gulf Coast, where there is a current need to build 100,000 homes.  In addition, the local economy is booming as 11 casinos have been rebuilt after the storm and 11 more are planned over the next few years.  There are many other reasons why the Mississippi Gulf Coast is the hottest real estate market in the country.  The best time to act is now, as prices increased on January 1 and are expected to increase again on April 1.  To learn more, and to find out how you can legally avoid paying taxes this year (and even get back some taxes from previous years), contact Mary Luz Johnsen at Gulfstream today at 888-254-8564 ext 128 or email me at Mary@gulfstreamrealty.com.  One phone call can make it a great 2008!

FOR MORE DETAILS, CONTACT Mary Luz Johnsen at GULFSTREAM REALTY AT 888-254-8564 ext. 128 TODAY!