I came across this site today:
http://www.propertydirectamerica.com
There are also numerous other companies doing a similar thing.
They build/sell new homes in the recently flood ravaged areas of the US (otherwise known as the "GO zone"). These properties conform to the SRAP program meaning that the US government provides some hefty incentives for investors such as 50% depreciation in the first year.
I was a little surprised that it hadn't been discussed in this forum. (I couldn't find any results for "go zone" or "SRAP")
I'm interested to hear comments or first-hand experiences?
EC
http://www.propertydirectamerica.com
There are also numerous other companies doing a similar thing.
They build/sell new homes in the recently flood ravaged areas of the US (otherwise known as the "GO zone"). These properties conform to the SRAP program meaning that the US government provides some hefty incentives for investors such as 50% depreciation in the first year.
I was a little surprised that it hadn't been discussed in this forum. (I couldn't find any results for "go zone" or "SRAP")
I'm interested to hear comments or first-hand experiences?
EC