Go Zone: Biloxi Mississippi Investments

Check out the lastest slide show on what’s available for investing in Biloxi Mississippi.  There is HUGE potential on money to be made over the next 5 years.  Check out the informative slideshow here:  http://app.sliderocket.com/app/FullPlayer.aspx?id=89a6e8f7-a07d-47a9-99d4-43270de86949

After you have seen the slideshow, if you want to attend a meeting or contact me for more information, please email me or call me at 763-300-1648, so we can get you to a meeting or seminar to get more information.  This is a big project with BIG earning potential.

This program is brought to you by the Minnesota Wealth Network, and the Apollo Capital Group.  Here are some highlights from the program:

The Go Zone stands for Gulf Opportunity Act
Signed Bill HR4440 Dec. 16, 2005
Tax incentives due to the damage caused by Hurricane Katrina and Rita
It effected dozens of counties in Alabama, Louisanna, and Mississippi
Go Zone timeline extended through 2010

50% bonus in 1 year for taxes (seek advice of tax advisor)
Potential tax recovery 5 years back or 15 years forward

High Demand area, Government money, 100% private financing, successful real estate venture
Hurricane Katrina detroyed over 100,000 rental units and homes

There is expected to be 30,000 casino employees by 2010, so they need housing. They are admitting they need 70,000-100,000 housing units right away. They are expecting good appreciation over the next 5 years due to the growing area.

Gaming, construction, aerospace, military, many economic expansion possibilities.
Per Capita Income increasing at twice the national average currently
Expected to be the #2 gaming area in the United States, to employ 30,000 by 2010.

MDA to provide over $262 million in forgivable loans to help build this area

SRAP - Small Rental Assistance Program
Max 5 units per entity or individual (10 units per couple)
Applications taken Oct. 15th to Dec. 15th 2008
$73,000 per Duplex for monies $365,000 for the total 5

100% private financing available
Not 100% credit score driven
Limit to 5 structures up to 20 units per couple
interest-only payments at 7.5% , 6 year balloon
Limited reserves or escrows required
Limited documentation required
One-time close construction to permanent loan
easy application/self-funded
no mortgage insurance
will not show up on your credit report

First National Panel Corporation
Faster Build Time
Stronger-Exceeds Winds Testing (Testing at 300mph)
Green Friendly
Energy Efficient
Mold/Insect Proof
Fire Proof
www.fnpc.net

Should mean:
Reduce the cost of ownership, better resale, should be easier to lease, less noise, lower energy cost, better design, quicker recovery from any future storms.

Map Location is in the slide, near Gulfport and space center, a little ways from New Orleans

Property Management collects $300 at closing, to pay for lawn care and minor repairs
Currently $7000/mo being spent on print, radio and tv advertising
Rent to Own is a possibility if the landlord wants it

3bedroom, 2bath for each side, floorplan seen in slideshow

Please view the slideshow for numbers on the real estate taxes, mortgage payments, rental income, insurance, etc

A start to finish timeline is provided here:
1. Pay $3000 for reservations and lots
2. SRAP Approval
3. 1st SRAP Check $27,500
4. $27,500 downpayment to build unit (Const. to perm closing)
5. Build Duplex
6. 4-8 weeks after C/O 2nd SRAP check $27,500
7. 4-8 weeks after C/O quick delivery bonus $18,000

In Recap:
Huge cash incentives from the Government up to $365,000
Tax Benefits up to $600,000+ the first year
very low money down
Excellent property management in place in a high demand market
Excellent market upside with long term appreciation

Call about the next meeting
763-300-1648

Biloxi Slideshow and photos

Go Zone: Go Zone Real Estate Biloxi Mississippi - Invest

If you are looking at a once in a lifetime opportunity, check this out. I have talked to a couple of friends locally and they have a program which may be gone in only 7-14 days. We don’t know, so many are sold already we believe so. They have already been selling it for months that’s why so many are gone. We are talking $2000 earnest money. You buy 5 duplexes in Biloxi, Mississippi. They have 3000 renters waiting in line. You would borrower hard money for the 10% down of $18,000 initially. It sounds like people are even getting approved with average credit. I am told it doesn’t even show on your personal credit report. It’s a private lender that’s lending the money. The government wants the buyers to hold all 5 properties for 5 years minimum as rentals, and wants to give $225,000 back, can you believe the government wants to do that, well they do. 3000 renters waiting in line right now. Management companies in the area. Up to 50% first year depreciation on the properties. Interest rates are competitive. Down payments are made, money is pulled out at closing and you just do 1 after another until you close all 5. This is a private lender and the government is involved. Make your payments, hold onto the property for 5 years and rent it out, and collect the rental payments. You’ll need to sign a purchase agreement and fill out a pre-qualification form. Tons and tons of standard features, I could show you if you want to request it. To get into a meeting to talk with someone on how to trade $2000 for $225,000 up front and hold some rentals. We aren’t talking about taking it out 5 years from now, we are talking about at the time of closing, this is a government approved program.

If you have questions on how to talk to a representative agent on this please contact ron@minnesotainvestors.com

Please do me a favor and tell just 3 friends today, to subscribe to this daily blog feed by going here:
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For a very limited time we have an opportunity to invest near the casinos where you can own rentals with renters waiting in line, first come first serve. As soon as the government money runs out it’s gone.

BILOXI, MISSISSIPPI Duplex Rentals
3000 state approved renters WAITING in line
Only 250 of 350 homes left in the entire USA!
That’s 1 house per 1,000,000 people, ACT NOW!
Seminar this coming Thursday!

Purchase Agreements, numbers and breakdown, reservations/pre-qual info and more available upon request. Please email ron@minnesotainvestors.com if you are interested.

Please do me a favor and tell just 3 friends today, to subscribe to this daily blog feed by going here:
http://www.minnesotainvestors.com/blog/feed/