What tax benefits are granted to a GO Zone?
The following post was written by our GO Zone tax advisor.
Tax benefits are granted from governmental taxing authorities so as to direct private enterprise activity towards a desired direction. In the case of real estate investing in the GO Zone, taxing authorities wanted to stimulate investment activity predominately through the granting of early recognition [...]
What are GO Zones and where are they?
The GO Zone Act established geographical areas, called Gulf Opportunity Zones (GO Zone), corresponding roughly with the devastation of Hurricane Katrina, Rita and Wilma. The purpose of the legislation, as it relates to real estate, were to establish tax relief measures so these geographical areas could rebuild their infrastructure in the most efficient and [...]
GO Zone Real Estate Investment Opportunities
After Katrina caused such destruction along the Gulf Coast, the US Congress passed the Gulf Opportunity Zone Act of 2005 also known as the GO Zone Investment act to support people interested in investing in the region. This Act gives investors the opportunity to write off up to 50% of GO Zone depreciation in the [...]
Why GO Zone Real Estate Investment?
The GO Zone incentives offered by the federal government provide an accelerated depreciation and huge tax benefits on your investment. It’s highly possible that you will be able to deduct 50% of the cost from your tax liability in the very first year. Besides this, the state of Mississippi is also authorized to offer businesses [...]
Multiple Factors Boosting Investment in Biloxi Region GO Zone
It’s not only casinos that are boosting development in the Mississippi Gulf Coast GO Zone. Most industry experts agree that a number of factors including Katrina, will further growth in the real estate environment here. Besides Katrina, there is the ever growing expansion of casino development, as well as job opportunities generated by a [...]
Why the Mississippi GO Zone?
So you are thinking about investing in the GO Zone and are wondering which part of the GO Zone?
When Hurricane Katrina rampaged through the Gulf Coast in 2005, its devastation could be felt in a string of cities in its path. New Orleans, however received the bulk of media attention in the aftermath of [...]
GO Zone Gateway FAQs
What is GO Zone Gateway? What exactly do you do?
GO Zone Gateway is different from other groups in regards that we do not sign an exclusive agreement with developers. Our goal is to find the best deal in the GO Zone. Most groups are tied to one developer and need to find the reasons why [...]
The GO Zone Tax Benefits
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 [...]
GO Zone Preconstruction Investing Pitfalls
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 [...]
Investing in the GO Zone with a Master Lease Condo
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 [...]