GO-ZONE INVESTMENTS

The Gulf Opportunity Zone

*RECOUP SIGNIFICANT TAX DOLLARS THAT YOU’VE ALREADY PAID OUT OVER THE LAST 5 YEARS!

In 2005, the U.S. Congress delivered the “Gulf Opportunity Zone Act” which offers incredible tax benefits to real estate investors as part of an effort to help revitalize regions affected by hurricanes Katrina, Wilma, and Rita.

With the clock ticking on the government tax incentives, and the rapid growth being seen throughout the region, the Go Zone is realizing a “gold-rush” of investment buyers, scouring for bottom market prices and to recoup significant tax dollars they paid out to Uncle Sam over the past 5 years.

Our experienced team will walk you through the Go Zone benefits step by step and show you how to take advantage of these incentives as well as the cash flow positive, turn key investment properties we’re currently offering in our extensive portfolio.

Need a good reason to pick up the phone and learn more about this opportunity?

Here's 5 to start:

• *50% Bonus Depreciation in the first year of ownership for qualifying real estate investment buyers. This depreciation bonus can be carried back up to 5 years as well!



• Demand for housing in the Go Zone will vastly exceed supply for the next 3 - 5 years. The Go Zone lost 65,000 homes and 11,000 short-term rental options in one day!



• Gulfport-Biloxi is currently the No. 2 gaming center in the country with 11 casinos and 8 more anticipated to open by the end of 2009.



• Housing Predictors gave Biloxi the number one spot on it's "10 Most Promising Housing Markets"



• Hanover Companies exclusive “Total Leasing Program” that offers you the option of leasing your newly purchased single family home to a corporate tenant for up to 24 months! The rent you receive as part of the T.L.P. generally covers your mortgage, taxes, and HOA fees for the full term of the lease. This means you could very well be cash-flow positive from day 1.
  
  

Take Advantage of a Limited-Time Investment Strategy

Let Freedom Growth help you navigate the muddy waters of the ‘perfect retirement savings storm’ brought about by Mother Nature and the IRS:

For individuals with plans to retire self-sufficiently, retire early or perhaps even both, Freedom Growth has uncovered a very unique investment strategy that will be possible this year. There are two provisions in the IRS tax code that, if implemented strategically, will allow investors to drastically improve their retirement outlook. But this strategy needs to be implemented before December 31, 2010.

The Gulf Opportunity Zone Act, or Go Zone, is a provision in the tax code created to encourage private investment into the regions devastated by Hurricanes Katrina, Wilma and Rita. The code allows for a one-time write-off of 50% of the depreciable basis of the property.  For example, if you purchase a property in the Go Zone for $150K and the depreciable portion is $120K, you could receive a $60K tax deduction.  It’s how you use this deduction that is part one of the strategy.
Part two involves the Tax Increase Prevention and Reconciliation Act (TIPRA) that allows an individual to convert a traditional IRA to a Roth IRA regardless of income level. 

This year is an exception for the typical Roth IRA rules due to TIPRA and presents a huge opportunity.  In its simplest form, if a person buys a Go Zone property in the next 12 months, they obtain a cash-flowing investment property and the tax deduction. Then they convert their traditional IRA to a Roth.  The Go Zone tax deduction can then be used to offset the taxes from the Roth conversion.
Stipulations in the tax code require very precise implementation of this strategy and most financial planners, CPAs or real estate agents aren't versed with the nuances of each program.  However, companies like Freedom Growth and their financial partners are.  Freedom Growth is a real estate specialist in this type of investment strategy which allows investors the opportunity to take full advantage of this limited time offering.
If you would like further information this and similar opportunities, please contact Hanover Companies.

Freedom Growth is a self-directed IRA consultant and real estate investment company that helps small business owners and individuals diversify their retirement portfolios with a wide range of real estate investments.

*INVESTMENT NOTICE:

INVESTMENT GOALS AND TAX LIABILITIES DIFFER FOR EVERYONE. GO ZONE INCENTIVES AND DEDUCTIONS MAY DIFFER IN TERMS OF GO ZONE QUALIFICATIONS. WE MAKE NO REPRESENTATION AS TO AN INDIVIDUAL OR PROPERTIES ELIGIBILITY TO RECEIVE GO ZONE BONUS DEPRECIATION AND/OR INCENTIVES. YOU MUST CONSULT A TAX PROFESSIONAL TO ENSURE YOUR ELIGIBILITY FOR GO ZONE BONUS TAX DEDUCTIONS OR OTHER INCENTIVES.