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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

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

The first of the 16 classes will take place Monday, October 13^th in Biloxi, MS and will continue on through October 30^th 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 15^th.

GO Zone news

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

By Jane Muder

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