The GO Zone Tax Benefits
May 30, 2008
Hurricane Katrina touched down on August 29, 2005, it is a day the Gulf Coast will never forget. The path of devastation was from New Orleans to the west all the way east to Mobile, Alabama. The destruction of homes, businesses and other real estate was so huge it prompted President Bush and Congress to enact the Gulf Opportunity Zone Act of 2005 (the GO Zone Act). Read more
GO Zone Preconstruction Investing Pitfalls
May 26, 2008
Most of the people wanting to sell GO Zone Preconstruction (developers and agents) and even people investing in GO Zone Preconstruction will tell you that it is a sound investment…one of the best you can make right now. They will go on and on about how Katrina destroyed the housing stock, casinos are being built and a limited supply of land. While most of this is true….. Read more
The State of Alabama hopes to add two counties to the GO Zone
May 25, 2008
Hurricane recovery projects in two Alabama counties would gain eligibility for tax exempt bonds in a bill that passed the U.S. House this week, if passed this change would immediately benefit a manufacturing plant being built in Colbert County. The bill still needs to pass the Senate though. Read more
Investing in the GO Zone with a Master Lease Condo
May 24, 2008
While most of the U.S. is struggling to maintain property values, the Biloxi area is thriving with new businesses and rebuilding efforts in the wake of Hurricane Katrina. The GO Zone Bonus Depreciation coupled with the fact that the Biloxi area is one of the best real estate emerging markets in the United States makes this region a great area for your GO ZONE real estate investment. In order to have success with your real estate investment portfolio, it is crucial to make sure you are doing your due diligence when analyzing potential investments, but you know this already though don’t you? Read more
GO Zone extension bill makes it through the House
May 22, 2008
The GO Zone extension bill that relates to the Gulf Opportunity or GO Zone Act passed the House on Wednesday (5/21/08). This bill will get rid of the deadline to start construction and qualify for the GO Zone bonus depreciation. The Senate and House must now come to an agreement on the bill. If the extension is approved it will create an additional $1.1 billion in tax incentives for GO Zone rebuilding efforts in the wake of Hurricane Katrina. Read more
Who should you believe about the Small Rental Assistance Program (SRAP) ?
May 21, 2008
I like to stay abreast of any breaking news stories related to the GO Zone, and while doing my daily research today I read an article in a local Mississippi paper titled Bayside Bubble by J.R. Welsh.
I was a little surprised when I read article, because there were some facts that were incorrect and could mislead anyone who hasn’t spent the time that I have researching the Mississippi Small Rental Assistance Program and the 50% GO Zone Bonus Depreciation. Read more
What is the GO Zone? Part 1
May 10, 2008
The Gulf Opportunity Zone Act of 2005 (H.R. 4440 passed by Congress on Dec. 16, 2005, and signed by President Bush on Dec. 21, 2005) establishes tax incentives and bond provisions to rebuild the local and regional economies devastated by hurricanes Katrina and Rita. The act is commonly referred to as the “GO Zone Act.”
GO Zone Bonus Depreciation
May 7, 2008
Under present law, a taxpayer is allowed to recover, through annual depreciation deductions, the cost of certain property used in a trade or business or for the production of income. The amount of the depreciation deduction allowed with respect to tangible property for a taxable year is determined under the modified accelerated cost recovery system (MACRS). Read more
GO Zone makes for an Unprecedented Opportunity
May 7, 2008
The 2005 Atlantic hurricane season was a record period of activity in this country with 27 named storms and 14 hurricanes. Of the seven hurricanes that made landfall, six came ashore along the Gulf Coast, impacting all states from Texas to Florida. Hurricanes Katrina and Rita were particularly devastating to Louisiana and its coastal communities, mainly the New Orleans and Lake Charles areas. Read more
Concrete GO Zone Investment Homes For Under $5,000 Out of Pocket!
May 7, 2008
By Skyler Moore
GO Zone Gateway is dedicated to the Real Estate Investor. It is our mission to stay on the cutting edge of all GO Zone news, laws and projects being offered. We have built and closed on every type of construction out there including stick, steel frame, modular and concrete.
We have partnered with a solid concrete developer who understands the importance of quality investment homes at a great price point that enables cash flow. The developer has built over 300 homes in the last 2 years alone, which allows them to know their costs down to the last load of dirt. The price point is $20,000 better than the nearest competition, which give us a large spread of equity to work with, and allows us to keep your out of pocket cost minimal. Read more
