Getting A Handle On The GO Zone And How Lucrative It Can Be
Understanding the GO Zone and how to profit from it, real estate-wise, can come in quite handy when one is considering investing in properties down in what is known as the "Gulf Opportunity Zone." This opportunity zone was created as a result of Hurricane Katrina in 2005 and is more formally known as the Gulf Opportunity Zone Act of 2005. There are a number of significant economic incentives involved.
Everyone understands that Hurricane Katrina struck the southeastern coastal states of Louisiana, Mississippi and Alabama particularly hard. Since then, all three states have been struggling mightily to get back to a point of economic equilibrium that is being hampered by the need to devote significant resources to rebuilding to overcome the effects of this very strong storm.
Congress has enacted several pieces of legislation aimed at providing timely relief, and this particular Act is considered by many legal experts to be one of the most significant and powerful recovery tools ever offered by the Congress. There are, contained within the Act, a number of economic incentives aimed at helping these three Gulf Coast states recover fully from the ravages of the hurricane.
In total, the incentives contained within the Act have created an environment where unparalleled investment opportunity has been made available for those willing to invest in the zone. Of course, a number of time frames exist and anyone wishing to invest in the region needs to keep that in mind if they wish to take advantage of all of the economic incentives offered in the Act.
At the present time, when dealing with properties in the opportunity zone, the government is offering those who invest in certain properties the ability to greatly accelerate normal depreciation in the first year for property in the zone. At 50% of the cost invested in addition to normal depreciation, this is a powerful economic lure to those who are looking for properties in the zone.
Additionally, the Act has made it possible for a number of other incentives to be extended for those who choose to go down and invest. For example, a five-year net operating loss carryback has been created and businesses investing in certain types of properties can carry a net operating loss Ford for up to 15 years if desired. This is an extremely powerful economic incentive.
For those interested in exploring investment opportunities for not only business but also for residential real estate located within the zone, it is a good idea to find one of several high-quality Internet-based businesses that exist to help educate and then give sound advice to those who are looking to purchase homes or businesses within the zone.
This opportunity to find a quality residential property existing in the Gulf economic zone is probably one of the best attractions when it comes to the GO Zone. Remember; always take the time to educate one's self about these opportunities before jumping into any sort of investing or commitment. Still, given the powerful incentives, the attraction and potential return are very high. - 23221
Everyone understands that Hurricane Katrina struck the southeastern coastal states of Louisiana, Mississippi and Alabama particularly hard. Since then, all three states have been struggling mightily to get back to a point of economic equilibrium that is being hampered by the need to devote significant resources to rebuilding to overcome the effects of this very strong storm.
Congress has enacted several pieces of legislation aimed at providing timely relief, and this particular Act is considered by many legal experts to be one of the most significant and powerful recovery tools ever offered by the Congress. There are, contained within the Act, a number of economic incentives aimed at helping these three Gulf Coast states recover fully from the ravages of the hurricane.
In total, the incentives contained within the Act have created an environment where unparalleled investment opportunity has been made available for those willing to invest in the zone. Of course, a number of time frames exist and anyone wishing to invest in the region needs to keep that in mind if they wish to take advantage of all of the economic incentives offered in the Act.
At the present time, when dealing with properties in the opportunity zone, the government is offering those who invest in certain properties the ability to greatly accelerate normal depreciation in the first year for property in the zone. At 50% of the cost invested in addition to normal depreciation, this is a powerful economic lure to those who are looking for properties in the zone.
Additionally, the Act has made it possible for a number of other incentives to be extended for those who choose to go down and invest. For example, a five-year net operating loss carryback has been created and businesses investing in certain types of properties can carry a net operating loss Ford for up to 15 years if desired. This is an extremely powerful economic incentive.
For those interested in exploring investment opportunities for not only business but also for residential real estate located within the zone, it is a good idea to find one of several high-quality Internet-based businesses that exist to help educate and then give sound advice to those who are looking to purchase homes or businesses within the zone.
This opportunity to find a quality residential property existing in the Gulf economic zone is probably one of the best attractions when it comes to the GO Zone. Remember; always take the time to educate one's self about these opportunities before jumping into any sort of investing or commitment. Still, given the powerful incentives, the attraction and potential return are very high. - 23221
posted by X - Men @ 6:17 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home