In late 2005, the President signed the GO Zone Act, giving
unprecedented tax incentives to investors rebuilding the Gulf Coast of
Mississippi.
Investors, building new rental properties can take an accelerated, 50%
depreciation on each structure, a NOL that can be taken back 5 years
and forward 20. Example:
Purchase price: $130,000
Lot value: -$10,000
Total Structure: $120,000
50%, 1st year depreciation: $60,000
Assuming an investor is in the 35% tax bracket, the investor would
retain $21,000 in tax savings. That's money that would have gone to
the government, but instead the investor is keeping, just for helping
to rebuild a Katrina-devastated area.
In addition, there is also the Small Rental Assistance Program. An
investor, who applies for and receives admittance into this program,
receives a check from the government for $35,600 -- that amount is
completely forgiven if the property remains in the program for 5
years.
These incredible incentives are all on top of buying into an equity
position in a truly appreciating market.
What I can offer:
Single Family homes from $120,000 to $140,000 - turn-key, lot included
Duplexes at $233,500 - turn-key, lot included
GO Zone tax professionals that can formulate a strategy that most
effectively takes advantage of the tax incentives as they pertain to
your individual tax situation.
A law firm, specializing in guiding investors through the application
process for the Small Rental Assistance Program in order to get the
forgivable loans.
A property management company that will rent your unit quickly, at
optimum rental rates, and will collect your rent, do 90 day
inspections of your property, and ensure your investment is protected.
Offer you first dibs on our future GO Zone commercial, industrial, and
residential projects that you can 1031 tax-defer into from this
initial project.
Give our builder a chance to show you why this is the only real estate
market to be involved in right now.
For more information or to receive an investor packet, please call or
email me at the contact info below.
Dustin L. Guthrie
239-297-1583
dguthrie@[EMAIL PROTECTED]
op****tunities for Realtors and Brokerages Nationwide!
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