real estate invest

Go Zone Extension 2011 Notes

by Damion 6 January 2011

The MS Coast won another victory when the Go Zone bill was extended last month, providing for accelerated depreciation on real estate property put into use during 2011. The prior extension [2010] was a bit “thrown together” and extended the “put into use” part, but did not extend the expenditure date. What this means is [...]

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SRAP 1 & 2 Recap

by Damion 24 August 2009

The Small Rental Assistance Program, SRAP, was designed by the Mississippi Development Authority, MDA, to assist coastal MS in disaster recovery. The SRAP program provided property owners forgivable loans up to $40,000 per unit for properties utilized in a rental capacity for 5 consecutive years from the SRAP “loan” date. The SRAP program is over [...]

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Go Zone Tax Credits coming to an End

by Damion 16 July 2009

This Go Zone post is deprecated. Go Zone was extended through December 31, 2011 and offers some more encouraging opportunities. Please see all Go Zone posts to get the most up to date information on Go Zone or contact me for the best deals.

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Casino Tourism Bill Tax Incentives Signed In

by Damion 17 March 2009

Haley Barbour signed the tourism bill which will allow significant tax incentives to Casinos which build non-gaming attractions/amenities such as hotels, theme parks, convention centers or other venues that would give tourists more to do when visiting the Mississippi Gulf Coast. The new bill will create many more opportunities for our area, both in recreation, [...]

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Seller Leasebacks providing Great Opportunities

by Damion 13 March 2009

Seller Leasebacks have received a bad name in some markets, primarily because of crooked real estate agents or developers just trying to pitch properties to make a quick dollar. This is a shame because seller leasebacks can work in great favor of a real estate investor wanting to capitalize on an appreciating market but nervous [...]

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GoZone

by Damion 8 March 2009

The Go Zone Investment opportunity in Biloxi and other South MS cities is very real and offers benefits unheard of in the real estate investment community. However, as with any other investment opportunity, it is critical to work with reputable and established representatives who live locally and have good business and communication practices. The Go [...]

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New Fannie Mae Guidelines to allow up to 10 Financed Properties

by Damion 8 February 2009

Effective March 1, 2009, which also happens to be my daughter Trinity’s second birthday, Fannie Mae will start, once again, financing up to 10 properties for investors – one heck of a birthday present if you ask me. Maybe I will go buy her an investment property Fannie Mae has decided to do this to [...]

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