MISSISSIPPI GO ZONE PROPERTIES

RESIDENTIAL, MULTIFAMILY, COMMERCIAL

 ONCE IN A LIFETIME OPPORTUNITY   

 

THANKS TO OUR FEDERAL GOVERNMENT! 

If you buy a pre-construction rental property and agree to rent it through the Small Rental Assistance Program for 5 years, the state of Mississippi will give you up to $73,000 in cash up front—in the form of a forgivable loan if construction of your property is completed within 6 months from the time you applied for the program (Subject to program restrictions).


  • TAX BENEFITS

244,900 Duplex

 3/2
GO ZONE 50% accelerated depreciation

$244,900
-$15,000 (land)
$230,000

$230,000 (property value)
-50% depreciation

$115,000

$115,000
x 35% (tax bracket)
$40,250 TAX SAVINGS

You may go 5 years back
Or 20 years forward.

Tax Incentives from Federal Government

The federal government has implemented some amazing tax incentives for those who help rebuild the GO Zone (Gulf Opportunity Zone) area of Mississippi. An investor can claim a federal 50% BONUS DEPRECIATION on a new property put into rental service prior to the December 31, 2010 deadline. 

For example, let’s say an investor purchases a $244,900 pre-construction duplex, and then rents it out. Let’s assume the value of the land is $15,000 and the remainder ($229,900) is the actual property value. The investor could claim a bonus depreciation deduction of $114,950 for tax purposes. If the investor is in the 35% tax bracket, that could equate to a tax savings of approximately $40,000. WOW! If you purchased 2, 3 or more properties, you would receive similar bonus depreciations on each property. As you can see it might be possible to offset all of your taxable income! Of course, the ability to use all the bonus depreciation depends on each investor’s circumstances. The IRS allows you to carry forward unused depreciation for up to 15 years or you can also carry it back up to 5 years to get a rebate from prior years. (Please consult your tax advisor to discover how these incentives apply to you).

Finally, every investor wants to know whether they qualify for the GO Zone depreciation because of the definition of being in a business. Yes, the definition allows investors to qualify as long as they follow the guidelines, which we would be happy to explain to you.

  • CASH BACK (FORGIVABLE LOAN)
CONSTRUCTION TO PERMANENT LOAN
 
1. At  permit, you receive $27,500

    2. 60 days COO, you receive $27,500

         3. Bonus completion, you receive 18,000.

So within 120 Days, you receive a total of $73,000 in a Forgivable loan.

A forgivable loan is a loan in which the borrower’s requirement to repay the loan amount (principal) is forgiven (waived); under the Small Rental Assistance Program the obligation is forgiven in specified percentages over time, assuming the borrower remains in compliance with the loan and program terms. The loan term for the SRAP program is 5 years. If you comply with the program terms for the full loan period of 5 years, you will not have to repay any of the loan principal or any interest.

For Details Visit:
-Mississippi Development Authority Small Rental Assistance Program Overview
Link: http://www.mississippi.org/content.aspx?url=/page/3644&

-Small Rental Assistance Program FAQs
Link: http://www.mississippi.org/UserFiles/File/Home_Owners_Assistance_Program/SRA%20FAQ%2011-21-07.pdf

 

  • CASH FLOW   

MONTHLY RENT:

$834.00 ONE SIDE

                                                                     $1251.00 OTHER SIDE

                                                                     $2085.00 TOTAL RENT

  
$1200 Loan Payment
+$200 Property Manager
+$200 Insurance
+$200 Utilities
=$1800 per month

$200+ CASH FLOW POSSIBLE

  • DOWN PAYMENT      
10% DOWN PLUS CLOSING COSTS
UNDER $30,000 
  •  MUST BE APPROVED FOR PROGRAM AND FINANCING.  CALL US FOR DETAILS.  888-522-DELL
  • OR  EMAIL DELL NOW

 

 ****INTERESTED IN MULTIFAMILY, FOUR PLEXES OR MORE?  LIMIT OF 5 PER BUSINESS/PERSON.  5 SINGLE, OR 5 DUPLEXES OR 5 FOURPLEXES.

BUY 5 DUPLEXES AND GET $365,000 BACK WITHIN 120 DAYS OF PERMIT.

BUY 5 FOURPLEXES AND GET $730,000 BACK WITHIN 120 DAYS OF PERMIT.

YOU CAN HELP FAMILIES TO GET HOUSING, DO A GOOD DEED, BUY A SOLID INVESTMENT IN A GREAT AREA, SAVE MONEY ON YOUR TAXES AND MAKE OVER 100 PERCENT RETURN ONYOUR MONEY THE FIRST YEAR!!!!!

 FOR MORE INFORMATION CALL OR EMAIL DELL NOW !!!!!

WE WILL SEND YOU THE INFORMATION PACKET PUBLISHED BY THE GOVERNOR OF MISSISSIPPI'S OFFICE. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 INFORMATION DEEMED RELIABLE, BUYERS TO VERIFY ALL INFORMATION. PROJECTIONS ARE FOR EXAMPLE ONLY.

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