Go Zone
On August 29, 2005, the states of
Mississippi, Louisiana, and Alabama suffered widespread damage
as a result of Hurricane Katrina, a natural disaster of
unprecedented proportion.
The “Clarion Ledger”, the state’s newspaper, reported that
70,000 homes were completely destroyed and 65,000 homes had
“significant damage” just in the lower six counties that make up
the state’s Coast region. These loses are staggering, especially
when you consider the maximum number of homes ever built in this
region in one year is 2,800.
On December 21, 2005 President Bush signed into law the Gulf
Opportunity Act of 2005. This law commonly referred to as the
“Go Zone” provides unprecedented economic and tax benefits to
those areas hit hardest in Mississippi, Louisiana, and Alabama.
The legislation provides HUGE incentives to investors building
or buying new construction in these areas.
Quick Example- One investor (medical doctor) building a
$750,000 medical office, was previously paying $20,000 per
quarter in federal taxes. As a result of this new construction
project, he will not have any taxes due for the next two years.
That’s a savings of 160k in real money.
Leland Speed- the Director of the Mississippi Development
Authority, the state agency charged with regulating this
legislation, and also President of two of the most successful
Real Estate Investment Trusts (REIT’s) in the country has said,
we have not seen such a massive rebuilding effort since the
Civil War and we will not see another such opportunity in our
lifetime.
To order the special report prepared by Brown Dog Properties,
LLC managing member, Jim Adams, III, complete the following
information and you will be able to download the PDF explaining
why this is the best real estate investing opportunity maybe
ever.
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