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REAL ESTATE Go Zone

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Corrado79

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Sep 24, 2007
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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!!
 

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andviv

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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.
 

andviv

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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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