Why the Mississippi GO Zone?
June 11, 2008
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 the hurricane, and the devastation in the other affected areas like Biloxi, Mississippi was sidelined. Katrina’s impact in Biloxi, the state’s governor reported at the time, was akin to the destruction in Hiroshima after the bombing. Around 90 percent of Mississippi’s oceanfront buildings were destroyed in the hurricane, and casino barges were thrown dozens of miles inland. The Biloxi-Ocean Springs Bridge was almost completely shattered. Read more
GO Zone Gateway FAQs
June 9, 2008
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 they offer the best investment. The truth is that all investments have their pros and cons. Read more
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
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
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
