Four years ago Congress passed the most extraordinary tax incentive in the history of the United States that offered a 50% first year bonus depreciation for buying new rental properties in Gulfport, Mississippi-part of the "GO-Zone".
But it all expires this year.
Properties must have construction finished in 2009 in order to qualify so reservations have to be in by the end of August.
I interviewed Matt Bowles of Maverick Investor Group to discuss a Premium Go-Zone Investor Only Buying Opportunity.
Quick Project Highlights
**Buying in the tail end of a subdivision that is already about 80% filled-up with primary homeowners.
**The preferred property management company will guarantee you a tenant the day you close or they will pay you rent for up to 60 days until a tenant is found.
**Investoros can get over $70,000 in depreciation per property as part of the GO-Zone benefits
Press Green Play Button for Audio.
Or to download The Kendall Matthews Show in on the show visit. www.InvestmentRealEstateCorner.com/Tarabrooke-Zone
Moving Forward,
Kendall Matthews
P.s. The webinar Matt is holding will be held Tuesday night, August 18th. If you want to find out more you should register for the call.
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