BiggerPockets

Hello Ken,
We work with GO Zone properties and we have some good up to date information on our site.[REMOVED]

The tax advantages are pretty compelling reason to look at this area as the features do have an end date. It goes without saying .. but consult your accountant ... but in my opinion the ability to write down your active income with this vehicle really makes it a very viable investment.

Do you have any specific questions about the area or anything else feel free to ask here or personally message me.

-Jim

Ken - Just send him or any other member a colleague request so you can contact by PM.

Ken,

Words of caution to you:
1. Responding to someone who offered investments in the "go zone" who has all of 1 post here on BP may not be a wise decision. Feel them out first here in the open for your own protection as us experienced investors can help you with questions and due diligence.

2. Many companies and individuals offer the "go zone" and the first ad is alwasy, "great tax advantages". Let me tell you something from personal knowledge. Many people can not use the tax deductions , and many more buy them with only that promise. I have found that many of these areas are very depressed and are negative cash flow investments to start with. That means each month you lose money! That is not a good investment regardless of any tax deductions.
This is not to say that there is not good deals there, just a warning that there are many that are not.
Forget about tax incentives and investigate the deal based on the merits of the cash flow. Any tax incentives should be gravy, not the reason to invest there.

I agree with a lot of what Nationwide said, until his last paragraph. "Forget about Tax incentives . . ." It is common but foolish not to include taxes as part of your investment strategy.

Greg, if you are going to quote me, please include the entire sentance as a sentance fragment can easily be misunderstood or taken out of context. If you re-read my full post, I NEVER stated that one should ignore tax incentives, I said one should Never buy because of them. Furthermore, I stated taht tax incentives are the "gravy" of a deal and not the reason to make one. I have stated time and again, both here on BP and abroad, that the two most pwoerful incentives to RE investing are the power of leverage and the tax incentives.

I can't wait any longer!! I've been trying to get a project done in go zone for nearly a year. I have 48K being locked down in a New Jersey case for fraud. Big headache! I've spent over a month there and the good deals don't exist much. Most properties DON'T qualify and then you may not qualify. I have as my personal acct. the gentleman that helped draft the gulf opportunity act of 2005, which is the go zone. Lots of csams out there and boiler room operations. Promises of fimamcimg which NEVER comes through. Limited offset to your income for MOST people. It ends this dec in MOST cases.
There are so many pitfalls in this, you should stay away and just go make more money, to offset your taxes!! Then you have the overbuilding problem and vacancies and rent reductions. The largest hotel/casino closed in mid const, never a good sign!! That was margaritaville
To further the problem, most realtors and sellers don't know what they're doing when it comes to go zone. If you've read my bio or meet the investor, you'll understand I'm no newbie. There will be more money made in lawsuits in that area for sueing sellers, realtors and developers that didn't know the rules, than all the taxes saved in go zone, imo. BUYERS BEWARE111111 Rich

Hmmmm.

Ken, with six posts now, asks a question.
James, who is only 50 miles away from Ken, and with only 3 posts, answers.
After Will's caution/beware post, we hear from Greg, his first post and who is only 35 miles away from Ken.
Then, the gushy thank you from Ken.

Hmmmm.