Overseas property investors are often attracted to emerging markets as places where they can secure low cost real estate before the rush. Typically emerging markets have not quite got the infrastructure in place and accessibly is sometimes questionable. There is one emerging market that not in a far flung place with a strange name this place is the United Sates Of America and in particular The Gulf Opportunity Zone or Go Zone.

 

The Gulf Opportunity Zone Act of 2005 (H.R. 4440 passed by Congress on Dec. 16, 2005, and signed by President Bush on Dec. 21, 2005) establishes tax incentives and bond provisions to rebuild the local and regional economies devastated by hurricanes Katrina and Rita. The act is commonly referred to as the "GO Zone Act."

 

While the entire state of Louisiana is part of the Hurricane Katrina Disaster Area, the provisions of the GO Zone Act apply only to a limited number of Louisiana parishes, defined as the "Core Disaster Area" and referred to as the "GO Zone." However, it is also important to note that the GO Zone reaches far beyond Plaquemines, Calcasieu, Orleans, Jefferson, St. Bernard and the other parishes most devastated by Katrina and Rita.

 

This means that businesses on the North Shore of Lake Pontchartrain, in Baton Rouge, as far north as Pointe Coupee and the Feliciana parishes, and as far west as Calcasieu Parish are eligible to take advantage of many of the provisions of the GO Zone Act, including tax-exempt bond financing for new investment and favourable tax accounting for both new property and Katrina-related expenses

 

Many areas of the United States currently have an oversupply of housing.

 

The Go Zone lost 65,000 homes in ONE DAY!

 

The Go Zone lost 11,000 short term rental rooms in ONE DAY!

 

In 2007 – 2nd Quarter reports showed:

            $420.3 million in Gaming Revenue

            $2.4 Billion in Capital Improvements

            a TOTAL of 5,083 Hotel Rooms available 92% Occupancy

Go Zone Investment Property

This is great example of what is available to international investors. A brand new condo apartment block coming with 100% OF YOUR MORTGAGE FOR UP TO 30 MONTHS! plus all the tax savings of GO Zone investment property

Learn more Here GO ZONE INVESTMENT PROPERTY 

Learn More Go Zone Investment property   

 Have I got this all wrong?

 

1. [...] and very low property prices may offer the international investor superb opportunities. (See blog International Investors Consider the Go Zone) The need for new housing in this area is substantial, and developers have been working to bring [...]

   Posted by GO Zone: Overseas investors incentivised to invest in the USA « Marquette Turner | April 14, 2008, 10:48 am

2. Also, we have some great deals in Baton Rouge, Louisiana which was not directly affected by the Hurricanes. Go Zone in Baton Rouge lasts until December of 2008. We have some great cash flow properties (I mean 55% cash on cash return) and all of our properties are located in the Go Zone. Contact 225-408-8293 for additional information or contact us at http://www.thebigllc.net

   Posted by Big70809 | June 16, 2008, 9:07 pm

3. Nice very attractive for investor to invest in the property.Principal International have organized everything such that you can immediately begin to receive maximum return on investment.Go zone is Best for international investors. Our properties are in Go Zone for more information or to contact us please http://www.merricksresortandspa.co.uk

   Posted by merricksresort | September 9, 2008, 7:33 am

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