GoZoneOnline.comYour One Stop Site For GO Zone Bonus Depreciation |
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Go Zone Frequently Asked Questions
Am I Able To Take Go Zone Bonus Depreciation? The answer depends upon your current tax situation but you can get a good idea in a matter of seconds. We have put together a simple report for you to decide for yourself at
My CPA or Tax Advisor Is Not Up To Speed On The Go Zone. What Do I Do? Find someone that does! The bonus depreciation is just too substantial to pass up. We have established a relationship with a Go Zone tax advisory specialist . If you want to purchase one of our properties, we offer our No Risk, Tax Qualification Program. This means that after you put in a Letter of Intent to purchase, we will connect you with our tax professionals. If, for any reason you do not qualify, we simply cancel the Letter of Interest and refund any monies that you have put down.
I Have Never Bought An Investment Property Long Distance. How Do I Start? After working with 100's of Go Zone buyer's, we have found that the following process works best.
How Do I Find A Knowledgeable Property Resource In The Go Zone? Realistically you have two choices: 1) start contacting agents/brokers in the area or 2) let us help you get started. One thing that I like to do personally is interact with our new clients. In a matter of minutes, I can bring you up to speed on what is realistic and what is not in finding Go Zone properties. These conversations help me understand what people are looking for and I believe I can help them rapidly get to the bottom line. In some cases, depending upon the person's objectives, I recommend they work with our property group, Investor Properties, LLC, and in other cases, I give them suggestions on how to start hunting on their own if they are looking for property types not available through Investor Properties, LLC.
How Do I Select A Quality Property In The Go Zone? Most people are looking for the following characteristics:
Since the Go Zone is providing such tremendous tax benefits, you unfortunately are not the only person looking. In our opinion, you will need to either find a knowledgeable property resource in the area (see above) or spend a considerable amount of time in the Go Zone.
At GoZoneOnline.com, we work with private builders you build very high quality (Brick, wood floor, garage) single family homes that are in high demand on the rental and resell markets. We only release a few properties per month so make sure you are signed up on the properties page.
I Live In XYZ, How Realistic Is It To Own A Property So Far Away? It depends on the property and the property management. First, as part of the Go Zone, you have to actively participate in the management of the property but this does not mean that you cannot hire someone to assist you. Having
are critical. This is where your property specialist can make or break you.
Unfortunately, there is a LOT of misinformation out there. Getting your unit rented is the key to your successful GO Zone experience. This is why we created our Rental Assurance Program.
I Hear That Investment Properties Required About 20% Down And Sometimes More? Again, like everything in life..... it depends. As an example, most everything done by Investor Properties, LLC is 10% and sometimes less. What determines the amount down is
Just realize that the amount you put down will impact your cash flow.
Do I Have To Find My Own Lender, Insurance, & Property Management? Before you get serious about any property, I encourage you to understand all aspects of
If your property advisor is not putting this together for you, you are probably with the wrong person. Does not mean that you cannot shop it for yourself to try and get a better deal but with a good property person, it is unlikely that you will do better than what they have put together for you. Email me to learn about our properties
Our company is here to do one thing...... help you, the long distance investor succeed in the Go Zone. Here is what we can do for you:
What Does Your Company Charge? Our properties are either ones that we develop ourselves or ones that we enter into a brokerage relationship with another builder/developer. In either case, there is NO FEE TO YOU. The only time you are charged a fee is if you choose to work with our outside tax partner to get a very detailed analysis of your tax situation as it relates to the Go Zone. This outside provider for our client typically spends about an hour with each client on the phone and we get outstanding feedback. The fee for this is quite modest and can be the key to the door for you in the Go Zone.
Do You Have Properties With The $30,000 Cash Back Program Yes and no. This is referring to Mississippi's Small Rental Assistance Program (SRAP). The first round of SRAP is closed and to date, the Mississippi Development Authority has not definitively stated that this will continue. While this program is wildly popular on the internet with promoters, we are luke warm on it...... Learn Why Here
Do You Conduct Tours In The Go Zone? Yes. We find that a lot of clients like to visit before they purchase. In our opinion, there is a lot of bad information on the internet. For example, there is one popular area that is adding hundreds, if not thousands of homes, that when people visit, they find to be in a very unappealing area. If you would like to take a tour with us, Email Me to determine availability
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