: PMD:I was a Bill, OOOH BUT now I'm the Law!!!

For you money makers and borrowers out there who would like get in on the tricks and trade of the wealthy! Our gobernment has passed a law that states (paraphrased): If ye purchase property in one of the states designated as a Gulf Opportunity Zone, you will be allowed as an investor to write off up to 50% depreciation on said purchased property. What does that mean if you go to the Gulf and purchase 4 homes for $150k each totaling $600k you will be able to write off $300k of the investment.

Thus, bringing the cost of the homes to $75k. Fix'em, make real purty, and resale for the appraised price OR hold on to the investment until the land appreciates! hmmmm...devestated by storm expensive rebuilding that area will not rebound, Oh Canada my Fry! There will be 77 million baby boomers retiring within the next decade and a half, Where do you think they are going to go when the arfritis kicks in. They can't all fit in Florida ya know!!!

Think about it!

Perverted monk tells the real estate truth! Nope no chaser! www.gozone-info.com

PMD:I was a Bill, OOOH BUT now I'm the Law!!!

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