GO Zone & The Small Rental Assistance Program (SRAP)Giving Away Millions of Dollars to Main Street Real Estate Investors?

GoZoneGateway.com a resource dedicated to working with real estate investors in the Gulf Coast and is today coordinating with the October 15th opening of the application process for the Small Rental Assistance Program. These forgivable government loans for real estate investors are again available in one of the top appreciating real estate markets in the United States. With the lack of positive news in the credit markets, turmoil in the stock markets, and government bailouts for Wall Street, the average investor has taken a big hit of late. With the government handing out money to Wall Street CEOs and banking institutions it would be nice if the small investor on Main Street could get one of these bailouts. GO Zone Gateway is showing real estate investors how to take advantage of the multiple governmental programs and put some of these available economic incentives in their own pockets.

What if there was a way for the average investor to get $73,000 from the government to invest in the #1 Real Estate Market in the U.S.? To good to be true many would say? Well the government has actually already released millions of dollars to every-day investors via the first round of the Small Rental Assistance Program. This money was administered in the form of forgivable loans and many millions more are opening up the second round of this program on October 15th. We know the government is giving away billions of tax payer dollars to Wall Street fat cats and banks, but on the rare occasion that over $262,500,000 is available to Main Street, small investors need to take advantage of it and learn the details, and connect with a good team before the money is gone.

A good resource to learn specific guidelines on the program the Small Rental Assistance Program Guidebook can be downloaded here.

In addition to this one of a kind governmental grant program, real estate investments located in the GO Zone are also eligible for tremendous Federal Tax Benefits known as Bonus Depreciation. The GO Zone can help real estate investors save tens of thousands and maybe even hundreds of thousands of dollars in federal income tax. GO Zone Gateway is a site providing complimentary consultations with a 33 year veteran CPA to help maximize the average real estate investors tax benefits. This bonus depreciation benefit is an often overlooked way for real estate investors to off set their federal income taxes. In fact most investors buying property in the Gulf Coast do so solely for the depreciation benefit, but when combined with the forgivable loans and in the right development project in makes for a powerful real estate investment combination.

The greater Biloxi Real Estate market is ranked as the #1 appreciating market in the nation by Housing Predictor for 2008, an independent real estate market forecast site. Biloxi is currently one of the few markets in the U.S. without an excess supply of housing, in fact there is a shortage of affordable housing and more demand than supply.

Out of state real estate investors are purchasing turn key investments in the most respected and amenity rich developments in the Biloxi-Ocean Springs area. Duplex units at $135K per door are very popular because they are cash flow positive and the investors are using governmental grants to assist with their down payment not to mention the tremendous tax incentives that are being obtained.

With all the bad news in the real estate markets today around the country it is very encouraging to see at least one market with strong fundamentals, and that average investors are taking advantage of government giveaways. To watch a video of the area and analyze one such development that has a proven track record of success geared specifically toward real estate investors , readers are encouraged to review the GO Zone Real Estate Investment Project.