Learning About The GO Zone And How To Profit From It
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.
By now, most everyone is familiar with how Hurricane Katrina struck the coastal states of Alabama, Mississippi and Louisiana extremely hard in late August of 2005. Ever since, those three states have been working hard to return themselves to a healthy economic state, but the need to divert much in the way of resources to the rebuilding effort is hampering their activities.
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 their totality, these incentives are designed to create conditions necessary for rapid private investment in the Gulf Opportunity Zone (GO Zone) within certain defined windows of opportunity and time limits. It has to be said that these economic incentives and opportunities are extremely powerful and those who are considering investing in the area are advised to take full advantage of them.
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.
Also, this law has made possible a number of other incentives that a business can choose from when it decides to invest in the zone. One of the most significant is a carryback on net operating losses of up to five years. Additionally, businesses can carry this net operating loss forward for 15 years if they so choose. This is notable in terms of potential for investment.
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. - 23305
By now, most everyone is familiar with how Hurricane Katrina struck the coastal states of Alabama, Mississippi and Louisiana extremely hard in late August of 2005. Ever since, those three states have been working hard to return themselves to a healthy economic state, but the need to divert much in the way of resources to the rebuilding effort is hampering their activities.
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 their totality, these incentives are designed to create conditions necessary for rapid private investment in the Gulf Opportunity Zone (GO Zone) within certain defined windows of opportunity and time limits. It has to be said that these economic incentives and opportunities are extremely powerful and those who are considering investing in the area are advised to take full advantage of them.
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.
Also, this law has made possible a number of other incentives that a business can choose from when it decides to invest in the zone. One of the most significant is a carryback on net operating losses of up to five years. Additionally, businesses can carry this net operating loss forward for 15 years if they so choose. This is notable in terms of potential for investment.
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. - 23305
posted by Mr. Forex at
7:28 AM
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