888-YES-2-TCS
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Bulletins
   When hurricane Katrina hit on August 29, 2005, it created a wide path of destruction from New Orleans all the way to Mobile Alabama and parts of Florida. The destruction and loss of life and property was so great that it prompted President Bush and Congress to enact the Gulf Opportunity Zone Act of 2005 (the GO Zone Act). The GO Zone Act was meant to spur investment and business development in the areas hardest hit by Hurricane Katrina. These areas cover parts of Louisiana, Alabama, Mississippi, and Florida. There are many features of the GO Zone Act but the one that is of interest to real estate investors is the 50% bonus depreciation deduction in the first year in addition to the normal annual depreciation. We have a very large investment group wanting to acquire properties mainly in this area that are rental ready at 75% of market value or less. Please contact the acquisitions department to go over the specific required parameters on these properties. There is absolutely no limit to funding qualified properties that fit the right criteria. For clients focusing in this area, this unbelievable opportunity is too great to ignore. Looking forward to hearing from all of you soon.
 Name: William St. Clair
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