Student Invests in the Go-Zone and Gets $110K Tax Write-Off

Thanks to my real estate coaching, I was able to purchase a new property in in Biloxi, MS for only $110K.   I plan to hold the property and rent it for $1K per month, leaving me with a positive cash flow.  But the best part? It qualifies for the Federal 'GO ZONE' Investment Tax Credit. Basically, I will be able to write off 100% of the investment amount ($110K) on next year's taxes for investing in areas hit by Katrina.

-Sonja S.

Clive, IA