Tips for choosing a go zone investment property
By: Clint Jhonson
Every real estate investor should be aware that the advantages of investing in go zone investment property are likely to be quite substantial; in order for one to take advantage of these go zone investment property opportunities, they should focus their mind on established real estate investment characteristics.
Investors today are concerned with minimizing the disadvantages linked to owning real estate investments. The pitfalls are never completely eliminated but the rewards for a savvy real estate investment such as go zone investment real estate these days can significantly outweigh the risks involved. Investors that do decide to move forward with a go zone real estate investment, will need to be well versed in the various tax implications of purchasing go zone investment property. A competent real estate investment professional can provide tons of support in this regard, by putting together a team of property management, financing, tax accounting and investment resales.
Any investor must keep their expectations quite reasonable. One that decides to invest in go zone investment real estate should focus on maximizing upfront cash incentives while creating a long term positive cash flow scenario. Fortunately, such deals are available today in go zone investment property areas, particularly in the Biloxi and Gulfport near the casinos, where job growth is robust, tourism is growing, the casinos are booming and the economy is on a vibrant road to recovery, while prices do not reflect future economic fundamentals, creating a window of investment opportunity.
An investor must keep a watchful eye on what markets hold the best future growth potential. Currently, the greatest momentum appears to be again in the Biloxi & Gulfport area as the local government has done a masterful job of creating an attractive investment opportunity for investors by offering up front go zone investment property cash incentives up to $40,000.
Working with a property management firm should also be taken into account in case that you are not “hands on”. If you decide to invest in go zone investment property, you should also know state and federal rules and regulations or work with an investment brokerage that can advise you in such matters, in addition to providing access to tax attorneys familiar with go zone investment property tax law. We also advise that investors must always remember the wise recommendation of caveat emptor, buyer beward, as one cannot claim ignorance in case that something wrong happens.
While every investment entails a certain amount of risk, in all decisions to invest, the investor must weigh the pros of potential future rewards versus the risk. Current investment opportunities are affording investors up to $40,000 in upfront cash incentives from the local rental authority, low to no money down financing scenarios, upto 15% in equity versus appraisal and the expectation that these areas could appreciate upwards of 50% over the next five years. To top it all off, the price points for such go zone investment property starts in the $122,500 range and generates positive monthly cash flow.
Every real estate investor should be aware that the advantages of investing in go zone investment property are likely to be quite substantial; in order for one to take advantage of these go zone investment property opportunities, they should focus their mind on established real estate investment characteristics.
If you decide to pursue the go zone investment real estate opportunity further, your next step is learn and educate yourself futher about go zone investment property purchases.
Article Source: http://www.eArticlesOnline.com
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