real estate investors just don’t understand that by investing in quality projects in the Go Zone, they can potentially reduce their tax liability by hundreds of thousands of dollars
Huntsville, AL (PRWEB) October 19, 2006
GetPreconstructionDeals.com announced today that it has spun off a sister website dedicated to real estate investing in the Gulf Opportunity Zone (Go Zone). Specifically, this web site is dedicated to help real estate investors understand the 50% bonus depreciation that is available to them when investing in the hurricane Katrina impacted areas of Mississippi, Alabama, and Louisiana.
Michael Zari, one of the four cofounders of this group, was quoted as saying that "real estate investors just don’t understand that by investing in quality projects in the Go Zone, they can potentially reduce their tax liability by hundreds of thousands of dollars". "While the IRS and other Government resources are trying to publicize the gozone to spur development, they have made it very complicated to understand." Michael went on to say that 90% of their effort in developing this new web resource has been in finding, digesting, and simplifying the wealth of information about Bonus Depreciation
To make understanding the Go Zone easier for investors, GoZoneOnline.com compiled a 50 minute, no cost, Go Zone educational video. The video introduces the GoZone, explains the details of bonus depreciation, explores the tax implications of both the purchase and resell of properties in the go zone, and then goes on to illustrate how to calculate the performance of specific gozone properties. Since the material is literally about the tax issues of bonus depreciation, it is a bit dry but well researched and presented. Michael Zari stated that he believes there is no other similar education available, for free or paid, about the go zone.
The company has also stated that it will make unique, niche properties available to individuals that have completed this go zone training video. Two of GoZoneOnline.com’s founders are very active in the Gulf Coast real estate market and will serve to provide unique properties ranging from the low $100’s of thousands of dollars to several million; for real estate professionals and those with substantial passive income, this allows them to select the right level of a Go Zone purchase. The video goes on to describe the format of how those gozone opportunities will be presented and how to be first in line to receive go zone properties.
Go Zone Information is a spinoff of GetPreconstructionDeals.com, which has become one of the internet’s fast growing real estate investment clubs with 21,000+ members. They offer valuable free training and up to the minute information about changes in the Go Zone. In additional, investors can sign up to receive Go Zone qualified projects.