High Tax Liability? "GO Zone" Properties Make Excellent Alternative to Las Vegas High Rise Condos

Suprisingly enough, not all people want to own a Las Vegas high rise condo. Believe it or not, some people don't even LIKE Las Vegas. Well, here's a post dedicated just to them!

Awhile back, I started doing some research into tax free investments as part of some due diligence for my 1031 exchange clients and stumbled across something known as the "GO Zone". The "GO Zone" area is comprised of specific locations within Louisiana, Mississippi, and Alabama. ("GO" as in "Gulf Opportunity"). On December 21st, 2005, President Bush signed H.R. 4440, commonly known as the Gulf Opportunity Zone Act of 2005. As a result of the devastation attributed to Hurricane Katrina, this act provides investors and developers with tremendous tax incentives, including up to 50% bonus depreciation allowing you to literally write off hundreds of thousands of dollars, while still turning profits on the property.

It's taken some time, but I've created a network of real estate brokers, agents, lawyers, accountants, developers, and investors to take advantage of this incredible opportunity, all showcased at the GoZoneProjects.com website, which is still in its infancy and being updated constantly.

Here's how it works. If you qualify for the GO Zone incentives and you have a high tax liability, investing in a Go Zone property allows you to write off up to 50% in the first year of ownership. Now, I'm no accountant (or lawyer for that matter), but if I've just described you in the previous sentence, I urge you to first call your accountant and have him give you the scoop to see if the GO Zone is right for you. (And if your accountant doesn't know about the Go Zone incentives, tell him to research it online - he/she'll be your friend forever!) Then, register at the GoZone Projects website to see how our network can help you find a suitable property.

Just remember: Not all investors - or all properties - qualify under the GO Zone Act - that's where your accountant comes in. But if you do qualify, boy!... have you come to the right place!