Friday, June 4, 2010

Biloxi Go Zone Market Update

Take a look at the article below from the Wall Street Journal Online. It’s important for you to understand that the oil spill has had minimal impact on the Biloxi tourism.

Not only has BP stepped up and given money ($15 million +) to each gulf state towards tourism marketing, but they will have the oil spill fixed sooner than later with all the pressure BP is getting. Everyone is doing their part to help out. More importantly it’s not the only sector of Biloxi.

Bottom line is that we all know the press is easy to read and believe but we have been down in Biloxi recently and things are in great shape. Keep in mind the Go Zone Tax benefit ENDS this year (2010) on eligible property and fortunately for those currently buying it’s a commodity because of the limited property available.

Tourism Boosters Walk a Fine Line

BILOXI, Miss.—Gulf Coast tourism boosters face a quandary: They need to keep hotels, casinos and beachfront bars humming. But what to say about that huge oil slick swirling just offshore?

From Louisiana to Florida, local authorities are urging travelers to ignore the headlines and head to the coast, pitching it as charitable.

"Although the level of actual environmental and economic impact cannot be realized until the spill is capped and possibly reaches our shores, your visit will help to ensure that our local tourism economy—which is a cornerstone to our growth—remains vibrant," a regional tourism group, SouthCoast USA, said in a statement this past week to travel writers, travel websites and area tourism bureaus.

Beach-goers enjoy the shore at Gulf Shores, Ala., Wednesday, as the crude-oil slick swirls offshore.

"Our local economy depends on it now more than ever—and you'll be glad you came."

At the same time, local officials are worried that they risk emulating Larry Vaughn, the fictional mayor from the movie "Jaws," who was so unwilling to lose tourist dollars that he refused to warn visitors they were frolicking in shark-infested waters.

"Everybody is making a conscious effort to be honest and positive at the same time," said Lee Sentell, Alabama's tourism director.

More than two weeks after the Deepwater Horizon offshore rig erupted in flames, oil continued to spurt from the well a mile beneath the surface of the Gulf of Mexico. But, as of Friday, the slick had touched only outlying islands of Louisiana, while sparing Mississippi, Alabama and Florida.

Beth Carriere, a tourism official in Bay St. Louis, Miss., which is about 25 miles west of Biloxi, declared the coast "open for business."

"The most generous people in the world are Americans," said Ms. Carriere. "If those generous hearts want to help us, coming to visit us and helping our economy is what we need."

At the Beau Rivage hotel and casino in Biloxi, the staff receives a dozen or so calls a day from visitors wondering whether to back out of their plans. But the hotel has seen few cancellations, according to a spokeswoman for the MGM Mirage-owned property.

One of those who sought and received reassurance this week was Vonterris Hagan, a 47-year-old nurse from Washington, D.C., who had planned for two months to stop at the Beau Rivage during a drive from New Orleans to Atlanta with her daughter and mother.

"We were thinking we should skip it," Ms. Hagan said from a lounge chair at the hotel's pool. "We thought we'd smell a little stench in the air."

There was no smell, but Ms. Hagan and her daughter decided to avoid the beach itself anyway.

Tourism boosters on the Florida panhandle have put a live video feed on their website showing oil-free waves hitting oil-free beaches in Pensacola. Officials there are using also social-media outlets to reassure potential visitors. "Favorable winds today keep oil away from Florida's coast," they posted on Twitter this week.

They also are urging, via Twitter posts, for tourists to put their vacation photos up on Facebook. "Help us show the world it's beautiful here," they posted on Twitter.

The travel industry generated a combined $94 billion in business last year in Louisiana, Mississippi, Alabama and Florida, according to the U.S. Travel Association, a trade group that has tried to spread the word on its website that a "state of emergency" doesn't necessarily imply any danger to the vacationing public.

"If we can dispel the myth that we're covered in oil and closed, we can minimize the impact on our industry," said Richard Forester, executive director of the Mississippi Gulf Coast Convention and Visitors Bureau in Biloxi. "If the situation changes, we'll address that in an open and honest manner."

Tourism is a $1.4 billion industry along Mississippi's coast, including revenue from casinos and convention centers, a critical component of an economy still recovering from Hurricane Katrina and the national recession. No convention organizers have canceled, and one group just booked a schooner cruise for early June, Mr. Forester's sales team said.

Mississippi's tourism representative in the United Kingdom, David Nicholson, reported to his bosses this week that European media are giving heavy coverage to the disaster, but are emphasizing Louisiana and Florida, not the areas in between.

"Apart from maps showing the region and the oil, I have seen very little reference (if any) to the Mississippi Gulf Coast," Mr. Nicholson wrote in an email to the state tourism division. He said that while "this is not much solace," Europeans' lack of knowledge about U.S. geography might work in the state's favor.

Sitting at the Beau Rivage pool this week were a handful of Australian casino managers, in town for a gambling convention and unperturbed by the prospect of oil on the beach. "I'll be honest," said Jason Russell, a 37-year-old from New South Wales. "I didn't even know there was a beach here."

"I didn't even know where Biloxi was," chimed in his colleague, Alex Natsis, 39, also from New South Wales.

Alabama tourism authorities are monitoring reports of the slick's spread daily. "From what the health department people tell us, it will be about like what a Wal-Mart parking lot looks like after a rain," said Mr. Sentell, the Alabama tourism director. Should that happen, most visitors, he thinks, would be happy taking in the sun on the beach, then swimming in the pool.

"People," he said, "will make up their own minds if they want to get in the water."

Wednesday, June 2, 2010

Gulf Coast Recovery is Ready to “GO” with GO Zone Real Estate Tax Incentives

In late August 2005, the Southeastern coastal states of Mississippi, Louisiana, and Alabama were barraged by one of the most devastating and deadly storms ever to hit the United States. Years later, these states are still digging out from the physical and fiscal harm imposed by Hurricane Katrina. Fortunately, they aren’t alone in their recovery efforts, thanks to several Congressional relief bills, among them one of the most powerful ever created for states dealing with the effects of widespread disasters - The GO Zone Act.

Here's an oldie, but a goodie concerning GO Zone real estate tax incentives. Click here to read the entire article

Thursday, August 20, 2009

GO Zone Webinar Almost a Sell-Out! Still Time to Reserve in Exclusive Tara Brooke Gulfport, Mississippi GO Zone Deal

UPDATE: 8/20/09: Our August 18th, 2009 Mississippi GO-Zone Call was incredible! Many of the buyers on the call will now Legally be Paying NO Federal Income Tax in 2009!

If you missed it, you can listen to a recording of the conference call by clicking here. You can also reserve a unit on that webpage using the Discount Code: "COSTA"

Time is absolutely of the essence here, because in order to have the home completed by the end of the year to qualify for the GO-Zone tax benefits, you need to reserve right away. There is only a fleeing moment of time while this tax benefit still exist and then it will be gone forever.

We still have a few units left, so listen to the archived conference call and reserve your unit today

Monday, April 6, 2009

GO Zone Webinar Reminder: Important GO Zone Information

Don't forget to register for this week's webinars:

TOMORROW NIGHT: April 7th (5:00pm - 6:00pm PCT):
Matt Stearns from the Hanover Companies will go through some aspects of GO Zone investing that you may not be aware of. Hanover has been in the business of real estate investing for 40 years as advisers, fund managers, developers, and consultants and have designed a very intriguing GO Zone investment program you'll certainly want to hear more about.

REGISTER NOW: https://www2.gotomeeting.com/register/864284045

THURSDAY NIGHT: April 9th (6:00pm PCT):
We have found the BEST GO Zone opportunity we have seen in over two years. This development is in an awesome location that allows strong positive cash flow. The developer has tenants waiting for you on a 24 month lease, with 6 months of the lease paid up front at closing!

In addition, our tax advisor with 33 years experience who wrote a book about the GO Zone will be on the call to take all your GO Zone questions. This will be a chance to finally get an answer to all those GO Zone questions that have been so confusing to so many investors.

REGISTER NOW: https://www1.gotomeeting.com/register/540346472


Accredited Investors Click Here:
http://www.vegasnnn.com/nnn/accreditedinvestors.htm

Hope to see you on both Tuesday's and Thursday's webinars!

Regards,

- Ron

Ron Costa
ron@gozoneprojects.com
702-688-6454
http://www.gozoneprojects.com/

Monday, September 15, 2008

This is it - Last Time to Save Money on your Taxes With Alabama GO Zone Investment Property

Well folks... this is it. This is your last chance to take advantage of the Alabama GO Zone and get your tax money back while acquiring potentially positive cash-flowing investment property. The Alabama GO Zone expires at the end of 2008 - and since you have to place your investment property "in service" PRIOR to the end of the year, you can't wait until the last minute with GO Zone.

Luckily, the GO Zone opportunity at your fingertips features a "GO Zone" buying opportunity in the #1 growth market in the country!

The date: Wednesday, September 17th, 2008 - that's right... in just 2 days!!!!
The time: 6pm PST (9pm EST)
The link to register:
http://maverickinvestorgroup.com/deals/charmont
The invitation only code to get the price discount and terms: "COSTA"

This project was chosen by Personal Real Estate Investor Magazine as an "Investor Pick" to "Generate Above Average Returns. Highlights include:

  • Pre-Construction Single Family Homes Directly in the Path of Growth
  • #1 Metropolitan Area for Projected Economic Growth 2008-2012 (Forbes and Moody's)
  • No Property Taxes For Residents Over 65 (Major Incentive for Retiring Baby Boomers!)
  • #1 Micropolitan Area for Population Growth 2000-2007 (US Census)
  • Discounted Prices and Terms Not Available to the Public
  • Positive Cash Flow Potential
  • On-Site Property Management Available
  • Lawn Care for Each Individual Home Included in HOA
  • Only $5,000 to reserve the night of the call

Click here to register


Learn about the amazing tax incentives for Real Estate Professionals for Buying Property in the "GO-ZONE" (including a 50% first year bonus depreciation and a 5 year net operating loss carry back). Tune in to find out what YOU need to do to get in on the action!

This is the LAST opportunity to reserve new homes that can be completed before the end of 2008, which is a requirement to qualify for the GO-Zone Tax Benefits that expire at the end of 2008!

Mark Your Calendar for Wednesday, September 17th at 6PM PST (9PM EST)
THERE IS LIMITED SPACE AVAILABLE ON THIS CALL. and only a Limited Number of Units Remain...


RSVP

(Access is by Invitation Only. You must use the Discount Code: "COSTA")

Monday, September 8, 2008

Create Your Own Perfect GO Zone Project

We recently polled over 400 of our current GO Zone investors and asked them what the biggest obstacle they faced in selecting a GO Zone property for investment. The result: WAY too many project choices.

In an effort to offset "analysis paralysis", we've created a "build your own GO Zone investment property" page to make it easier for everyone to pinpoint an exact property that'll meet each individual GO Zone investor's requirements.

Answer the questions on the form and based on your response, we'll be able to present you with the GO Zone property that best fits your needs. Go on.. try it

And while you're at it, please sign up for our GO Zone Property Alert service so you'll be the first to know when we update our GO Zone websites and blogs with new featured GO Zone real estate.

Saturday, September 6, 2008

Statutorily Mandated Designation of Difficult Development Areas and Qualified Census Tracts for 2009

For reference purposes, this notice lists those areas treated as DDAs under the Gulf Opportunity Zone Act of 2005 (GO Zone Act) (Pub. L. 109-135; the GO Zone Act, as amended by the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act of 2007).

Specifically, the GO Zone Act provides that areas "determined by the President to warrant individual or individual and public assistance from the federal government under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (Stafford Act)" as a result of Hurricanes Katrina, Rita, or Wilma:

(1) Shall be treated as DDAs designated under subclause (I) of Internal Revenue Code section 42(d)(5)(C)(iii) (i.e., areas designated by the Secretary of Housing and Urban Development as having high construction, land, and utility costs relative to area median gross income (AMGI)), and

(2) shall not be taken into account for purposes of applying the limitation under subclause II of such section (i.e., the 20 percent cap on the total population of designated areas).

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