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Did you pay Federal Income taxes any time in the past 3 to 5 years?  Are you expecting to pay any in the future?  How would you like to get paid to invest in a positive cash flowing property?  Income producing, GO Zone qualified rental property is one of the best opportunities for real estate investors right now.  Our new GO Zone project is in an highly desirable location just off the Interstate and directly across from a $900 million dollar commercial development.  Our local developer, who is second generation has been building for over 40 years and understands the local market demand.

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Our team at GO Zone Gateway has spent over 2 years and thousands of hours into finding the best opportunity for investors.  Investors who have spent time in the GO Zone know it is very difficult to find a quality project in an area you can be proud of and believe in future appreciation and a strong exit strategy.  Having confidence in renting your property is also a concern among investors in tough economic times.

We have focused on a high net income area of $68,000 per household on average.  Our Parish has a current unemployment rate of less than 5%, which almost half what the current national average is.  We have also negotiated for the developer to have tenants ready by signing a 24 month lease with the investor and paying 6 months of that up front at closing!  You can feel confident that you are investing in the correct property that encompasses all the benefits of the GO Zone.

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The GO Zone incentives run out at the end of this calender year, so do not hesitate to take advantage of this amazing legal tax shelter.  We have finished inventory to ensure you maximize your GO Zone benefits.  Call 561-404-7375 today!

MDA

The MDA (Mississippi Development Authority) will be starting a string of classes for investors who are looking to apply for the 2^nd round of the Small Rental Assistance Program (SRAP).

The first of the 16 classes will take place Monday, October 13^th in Biloxi, MS and will continue on through October 30^th at locations in Gulfport, Saucier, Biloxi, Long Beach, Gautier, Picayune, Bay St Louis and Pascagoula. Every class will be managed by MDA staff who can properly explain to investors if the SRAP program will be a good fit for them.

Jon Mabry (Chief Operations Officer for the Mississippi Development Authority Disaster Recovery Division) has said they have worked on making the second round of the SRAP much easier for people to comprehend. He also said they will put a special emphasis on the applications that are actually helping to rebuild housing in the places that were the hardest hit by Katrina.

In order to be accepted the applicant’s property must be in one of the following counties; Harrison, Jackson, Hancock and Pearl River.

The program will provide 5 year forgivable loans up to $40k per unit, and there will be rules that the applicant must abide by for the term of the loan.

The form to apply for the Small Rental Assistance Program will be on the MDA’s site on October 15^th.

GO Zone news

Investors all across the United States have expressed interest in GO Zone property and the potential benefits it creates financially, but there is a lot of confusion about when the GO Zone deductibility period will end.  Most GO Zone material portrays that the GO Zone will allow for deductions to the end of 2010.  This is NOT true; actually, any expenditure on a GO Zone property made in 2010 will not qualify for the GO Zone 50% bonus depreciation deduction!  This means all expenditures must be paid for by 31 December 2009.  The legislation is pages and pages long, but has 1 line that expresses this approaching deadline.  This does not leave investors a lot of time to find a great property that qualifies for the GO Zone 50% bonus depreciation.

The end of 2009 date was confirmed by John (GO Zone Gateway tax adviser), via a direct conversation with the IRS.

As an investor, you should be seeking a cash-flowing investment that is already built, or in construction.  We have spoken to over 50 GO Zone ‘developers’ and very few of them actually have their act together, most are just trying to make a quick buck.  A great example of this are the significant amount of investors that tried to invest in property in Alabama, but didn’t close on their investment before the end of 2008 and thus will not qualify for the GO Zone benefits (AL benefits ended 2008).  We have also spoken to many investors who have been in contract waiting for their homes to close for well over a year, some up to almost 2 years.  If this has happened to you then you can be sure you aren’t investing with a team that has your best interest in mind.

The GO Zone Gateway team has taken the hard work out of finding a turn-key, cash- flowing GO Zone property.  We have conducted thousands of hours in due diligence and have laid the projects we recommend on a silver platter for investors to review.

You don’t have much time, so make sure you invest wisely and in the right project!  Call us now for a free one-on-one consultation.  561-404-7375

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