The summer of 2005 saw the dreams of hundreds of thousands of American people destroyed when Hurricanes Katrina and Rita hit the Gulf Coast. These hurricanes destroyed homes, stole lives and wiped out entire communities in Alabama, Louisiana and Mississippi.
The American government quickly named the regions most affected by the hurricanes as the ‘GO Zone' – short for the Gulf Opportunity Zone. Today the Go Zone is actively and passively experiencing a massive regeneration and rebuilding by thousands of people, from new businesses to new home construction.
In the Mississippi area for example, they have built 14 new casinos to the existing 11, and today this area represents the second largest gaming destination in the country surpassing Atlantic City and only second to Las Vegas. That represents about 40,000 new jobs in addition to another 100,000 jobs coming from the expanded naval base and shipyards, the Stennis Space Centre, and over 20 large corporations to the area.
The American government created a series of incentives to encourage investors to purchase homes and help rebuild the affected areas. It worked, and even celebrities like Brad Pitt have taken interest and are investing heavily in the Go Zone (visit http://politicalticker.blogs.cnn.com/2007/12/05/brad-pitt-rebuild-new-orleans/).
But with real estate investing, timing is everything and your window of opportunity is limited. Many incentives are scheduled to run out at the end of 2008, so if you’ve been sitting on the fence I suggest you take a closer look and act soon.
Fortunately we’ve helped investors do a large part of their due diligence. Just take a look at our turn-key investment opportunities in Waveland, Mississippi for example where you can own cash-flow properties at wholesale prices (shameless plug). Visit Go Zone Investment.
Key point – the real estate investment opportunities available to you today make moral and financial sense. And as I’ve mentioned before, the Go Zone may offer you an opportunity that you may never see again in your lifetime. Don’t let it pass you by without taking a serious look at what you would miss.