Public Notice, Go Zone Tax Shelter

 

12 October 2009

The Gulf Opportunity Zone (GO-Zone) act passed after the 2005 Hurricane season which offers accelerated depreciation up to 50% of purchase price on real property used in the 3 coastal counties of Mississippi will come to an end, unless extended, in December of 2009. This act, which allows real estate investors the ability to take a depreciation of up to 50% of their purchase has been a driving force in the real estate investment arena for the past 3 years because it allows investors to recapture their taxable losses from up to 5 years prior.

Some investors have chosen not to take advantage of this tax shelter because of uncertainty in the national real estate market. The real estate market in the Biloxi/Gulfport, MS area as well as the Ocean Springs, MS area have been steady, and still increasing and that trend is expected to strengthen as the area is considered to be an emerging market with Billions of Dollars being poured into the area by Casinos, Government Funding & Contracts, Port Expansion, and private businesses. Because of its prime location, centered between New Orleans, LA and Mobile, AL, this area should continue to see growth in the real estate market and is currently forecast to be one of the top appreciating areas in the Country for real estate investing.

Some developers and companies are so positive that their properties will cash-flow that they are willing to back it up, in writing, and guarantee a positive cash flow position for a minimum of 2½ years. Based on current appreciation and forecast appreciation in the area, this will allow plenty of time for investors to take advantage of the tax shelter, create a positive cash flow, and create a profit on the resell should they be willing to sell in 2½ - 3 years.

Investors that would typically qualify for purchasing these units would:
- Pay Cash for Purchase
OR
- Have a minimum of 20% down (25% ideal)
- Less than 10 existing property loans (less than 4 ideal)
- Credit Rating over 650 (700+ ideal)

To gain more information about these opportunities, please fill in the following form and someone will follow up with you as soon as possible. (Property is limited availability and is first-come first served).

Name
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PayMyNote.com owned by Damion Flynn, a MS Licensed Real Estate Broker for Tech Realty. This site is intended as a public announcement for Go Zone completion and to familiarize investors in need of tax shelter with products we have available. We are not accountants. Tax advice should be sought by a reputable accountant or tax advisor familiar with Go Zone incentives and your personal tax situation. Information obtained is for use for third party referral to national company with Go Zone available products. Tech Realty does not represent buyer or seller in transaction and is only an intermediary for putting buyer and seller together. Buyer may choose to have Tech Realty represent them as their agent for purchases in the Go Zone. Tech Realty does not represent sellers in Go Zone transactions.