GO Zone? Huh? What the heck is that?
Unless you have been living in a cave for the last year I’m sure you have at least heard about the GO Zone. In short, the GO Zone is probably the best tax shelter this generation has ever witnessed. After Hurricane Katrina destroyed much of the Gulf Coast in August of 2005 Congress passed the Gulf Opportunity Zone Act (GO Zone Act). This Act was meant to spur rebuilding in the Gulf Coast and it is laden with all kinds of tax breaks. While there are many features to the GO Zone Act we are only concerned about the ones that affect the real estate investor.
The feature we find so advantageous is the first year 50% Bonus Depreciation. This allows the real estate investor who places a property into rental service in the GO Zone some serious tax deductions. How serious you ask? Serious enough that some of our investors are able to OFFSET ALL OF THEIR TAXABLE INCOME.
We are so excited about the GO Zone that we have invested hundreds of hours learning about it and ferreting out the best investment opportunities. We even decided to launch a separate website dedicated to it.
Interested in learning more about the GO Zone and GO Zone investing opportunities? Visit our GO Zone site at http://www.gozonegateway.com.
Jeremy Quinn
YAERD.org Advisory Board Member
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I would love to hear more about the tax saving opportunities available. I go check it out right now.