(My Original Blog Post: http://www.minnesotainvestors.com/blog/go-zone-announcement-srap/)
$150,000 Cash Rebate, I was just given this announcement, The Go Zone is back and is better than ever!, read the full plans here....
The Small Rental Assistance Program (SRAP) may be over but capitalizing on the Go Zone Opportunity has become better and easier than ever. Through our diligence we are bringing a new bundle of incentives to market that are far superior to the original SRAP program. We believe in the opportunity of owning in the Gulf Coast because of the Go Zone benefits, so that is why we are proud to introduce the Gulf Coast Revitalization Fund (GCRF).
The Gulf Coast Revitalization Fund offers incentives through grants and supplier rebates. These funds will be held in an escrow account prior to close, which allows for an investor to use a portion of their funds for down payment. The structure of this opportunity allows for an investor to realize very little out of pocket expenses!! Of course, the amazing tax benefits (50% first year depreciations) are still in place!
Gulf Coast Revitalization Fund benefits include:
Flexibility…Flexibility…Flexibility
1) Build in prime locations (not SRAP locations, our locations are prime!)
2) Charge Market Rents (unlike the SRAP below market restrictions)
3) Exit at any time (unlike the SRAP: No requirement to hold for 5 years!)
4) No state restrictions (unlike the SRAP, you control your own business!)
5) No utility allowances (unlike the SRAP)
6) No forgivable loan (unlike the SRAP)
7) No Limit to number of units (unlike the SRAP)
Program breakdown:
Potential for 150,000+ cash rebate! This is after the down payments have been funded!
90% Loan to value financing.
7.5% Interest only.
Full warranties on each home
Tuesday, March 17, 2009
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