Gulf Opportunity Zone (G. O. Zone) Deals are still available!
Since Hurricane Katrina hit a few years ago many investors are taking advantage of a huge tax savings. By investing in areas of Southern Mississippi, you can take a first year, 50% tax depreciation on rental houses, duplexes and fourplexes.
You can carry this loss back 5 years and actually get a tax refund, if you qualify. Of course, you will want to speak to your CPA for details. If your CPA is not familiar with this, I have a couple of knowledgeable ones I can refer you to.
New homes suitable for rentals start at $119,900 and they are renting quickly to people who work at Stennis Space Center nearby. Duplexes start at $220,000.
You can help people who were affected by Katrina and get a big tax write off for yourself.
Call or email for details. Janet Montano, Broker,
www.HomeandIncomeRealty.com
jmontano@homeandincomerealty.com
813-956-3563
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July 21st, 2010 at 9:16 pm