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Real Estate Go Zone

Discussion in 'Real Estate Investing' started by Corrado79, Oct 17, 2007.

  1. Corrado79
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    Corrado79 New Contributor

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    Is anyone currently investing in the Go-Zone in New Orleans due to hurricane Katrina/Rita? Or is anyone thinking about investing there? If so, what are your thoughts on this investment. Has it been good so far? Any pitfalls/concerns to be aware of? Thanks!!
     
  2. andviv
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    andviv Gold Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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    I posted something about it here

    Diane Kennedy also posted about it somewhere. I think she mentioned as part of the strategy about AMT, look in the taxes section.
     
  3. Corrado79
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    Corrado79 New Contributor

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    Interesting. Thanks. May I asked why you passed on that deal?
     
  4. andviv
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    andviv Gold Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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    It would have tied my seed money for too long; the tax benefits were not that great for me given my current situation, plus, I didn't believe in the estimates they were giving for potential rents and value for the property.

    However, I do see constantly amazing deals going around for the go-zone. I will PM you with a link to a realtor that sends me listings for the go-zone every week, this may be interesting for you. I will look for that link and send it later.
     

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