Featured

The Best GO Zone Cash Flowing Investment

Go Zone Investment Homes

Imagine being able to find a GO Zone investment property that is actually in a beautiful neighborhood and close to the casino jobs, close to the highest rated school systems, has a high natural land elevation that was not effected by Katrina’s storm surge, positive monthly cash flow, first class amenities that attract quality renters (pool, day care center, club house, and a playground for the children) and on-site property management. If you have toured the GO Zone regions you would say this place doesn’t exist, but we say you are wrong. It does.

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Not only does it exist, but this investment will allow you to take advantage of the great GO Zone tax benefits, which can double to triple your internal rate of return. While your 401K is probably drowning, this investment will give you positive monthly cash flow and the opportunity to offset some to all of your federal income taxes. Our veteran CPA with 33 years experience, who wrote a book on the GO Zone, will provide a FREE one-on-one consultation to ensure that you qualify for the tax benefits and SHOW you how to legally take advantage of them. Read more »

MDA

Small Rental Assistance Program SRAP 2nd Round Classes

The MDA (Mississippi Development Authority) will be starting a string of classes for investors who are looking to apply for the 2nd round of the Small Rental Assistance Program (SRAP).

The first of the 16 classes will take place Monday, October 13th in Biloxi, MS and will continue on through October 30th at locations in Gulfport, Saucier, Biloxi, Long Beach, Gautier, Picayune, Bay St Louis and Pascagoula. Every class will be managed by MDA staff who can properly explain to investors if the SRAP program will be a good fit for them.

Jon Mabry (Chief Operations Officer for the Mississippi Development Authority Disaster Recovery Division) has said they have worked on making the second round of the SRAP much easier for people to comprehend. He also said they will put a special emphasis on the applications that are actually helping to rebuild housing in the places that were the hardest hit by Katrina.

In order to be accepted the applicant’s property must be in one of the following counties; Harrison, Jackson, Hancock and Pearl River.

The program will provide 5 year forgivable loans up to $40k per unit, and there will be rules that the applicant must abide by for the term of the loan.

The form to apply for the Small Rental Assistance Program will be on the MDA’s site on October 15th.

GO Zone news

Must Mississippi recognize the GO Zone depreciation?

Many people want to know if the state of Mississippi must recognize the GO Zone Bonus Depreciation. The answer here, is no. There is no absolute necessity that the tax code of any state must correspond with the federal tax code.

For instance, if you buy a property classified under the GO Zone, and hold it in an LLC, then Read more »

Rebuilding Efforts

Pitt’s philanthropy: How a film star is helping to build post-Hurricane Katrina New Orleans

pitt22.gifBy Jane Muder

Philanthropy helps people re-claim their lives — a concept with which Brad Pitt is intimately familiar. Read more »

Bat bridge in Austin

In August 2005, the southeastern coastal states of Mississippi, Louisiana and Alabama were hit with one of the most destructive and deadly storms ever to hit our great country. The storm has had a devastating impact on millions of people in the GO Zone - In response to this, the U.S. Government swiftly passed legislation to encourage redevelopment in the regions referred to as the GO Zone. This legislation, if used properly, will have an enormous effect for both the GO Zone regions and for the investors who help rebuild it.  The Gulf Opportunity Zone Act of 2005, (signed into law by President Bush on December 21, 2005) was fashioned after the New York Liberty Zone incentives that were formed for parts of lower Manhattan after the 9-11 terror strike.  The Act is intended to stimulate rapid, private investment within the Gulf Opportunity Zone (GO Zone).   

In an effort to help facilitate this redevelopment, GoZoneGateway.com is here to provide superior and up to date information about the Go Zone and how it can benefit the individual investor.

 

Featured

The Best GO Zone Cash Flowing Investment

Imagine being able to find a GO Zone investment property that is actually in a beautiful neighborhood and close to the casino jobs,... Read more »

September 9, 2008 | Leave a Comment


MDA

Small Rental Assistance Program SRAP 2nd Round Classes

The MDA (Mississippi Development Authority) will be starting a string of classes for investors who are looking to apply for the 2nd... Read more »

October 8, 2008 | Leave a Comment


GO Zone news

Must Mississippi recognize the GO Zone depreciation?

Many people want to know if the state of Mississippi must recognize the GO Zone Bonus Depreciation. The answer here, is no. There... Read more »

June 24, 2008 | Leave a Comment


Rebuilding Efforts

Pitt’s philanthropy: How a film star is helping to build post-Hurricane Katrina New Orleans

By Jane Muder Philanthropy helps people re-claim their lives — a concept with which Brad Pitt is intimately familiar. Read more... Read more »

February 15, 2008 | Leave a Comment