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Hi, I'm dave Stech and I want to thank you for joining us for what will be the first in a series of vignettes around the GO Zone and investing in real estate.
If I were you, I'd be asking me, Who are you and what do you do? Simply put, I'm a real estate investor who uses market timing to allow us make better-informed investment decisions.
Unlike realtors who really don't have research, we do a great deal of research. Economic research, demographic research, housing market data. And in teh case of the GO Zone, tax research. that's what gives us our competitive differentiation. We can't afford to make bad decisions because we have a lot of investment money in play ourselves. On January 11, 2006, we became, to our knowledge, the first investors in the GO Zone. It was 20 days after the GO Zone Opportunity Act of 2005 was passed by Congress, and allowed those of us as real estate investors, like you, the opporutnity to be able to rebuild, redevelop and revitalize the Hurricane Katrina-devastated areas and in exchange get a huge tax writeoff.
How would you like a 50% first-year tax writeoff on real estate? That's 14 times more than anything else you've had in the past when you invest in real estate. That's what we're able to benefit from and you can too.
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