Investment Property Opportunity

Private financing (Not affected by Fannie Mae Limits!)

$40,000 cash back per unit (duplexes get $73k)

Stated Income Loans

5-10% Down

GOZone Property

Highest Appreciation Rate of all US Markets in 2008

As Real Estate Professionals, we’ve all felt the crunch of the stock market, the tightening of the credit market, and the difficulty this has created for our industry.

Over the past months, I’ve worked diligently to find affordable private financing, uncover government grant and tax shelter programs, and find builders willing to work with these programs in order to bring real value to my clients. The culmination of these efforts has resulted in:

- Private financing @ 90% LTV with only $1000 in closing costs

- New construction homes with builder cash incentives at close

- The Small Rental Assistance Program which provides sizeable forgivable loans to investors that invest in rental property

- The Gulf Opportunity Zone benefits which provide major tax benefits for qualified individuals

Together, these programs offer some of the best investment opportunities available.

Opportunities like this don’t come around very often. In a world where stocks have plunged, financing options are non-existent, tax breaks are rare and government incentives are hard to find, it can be difficult to find solid investments that make sense.

I encourage you to take a look at what I’ve put together, these programs are REAL, the benefits are REAL, and the opportunity is worth the look.

Private Financing

Through private negotiations we’ve been able to secure Private Financing for our New Construction Homes with rates and terms hard to attain in traditional markets:

- Stated Income                                                  - 90% LTV              

- No Limit to # of Loans                                      - 7.5% interest rate, fixed

- Limited Documentation                                    - $1000 in closing costs

- No Mortgage Insurance                                    - No Reserves or Escrows required

Sound too good to be true?

It’s not - call me for details.

Small Rental Assistance Program

The State of MS has introduced the Small Rental Assistance Program(SRAP) which provides loans to owners of small rental properties on the Mississippi Gulf Coast in order to assure these property owners provide affordable rental housing in the counties most affected by Hurricane Katrina. $262,500,000 has been allocated for this program, which will help in the repair, rehabilitation, and reconstruction of the affordable housing stock in the areas most impacted by the storm.

Participants in SRAP are eligible for forgivable loans of up to $40,000 per unit for properties that participate in the program. Participants are required to rent their property to tenants that meet the certain rent requirements for a 5 year period in order to have the loan forgiven.

Loans are paid after construction, as cash to the applicant, no payments are required on the loan during the 5 year rental period.

The SRAP program has a limited application period

Oct 15, 2008 - Dec 15, 2008.

Properties must be identified and applications submitted prior to Dec 15th.

Contact me for SRAP program details

New Construction

Our Builder Partner was recently featured on “Eye on America” hosted by Greg Gumbel.

$153,800                                                      Floor Plan For Duplex

4 Bedroom  2 Bath 1272 sqft

Only $1000 in closing costs

Builder incentive of $11,100 paid to owner at certificate of occupancy

Go Zone Benefits

Tax Saving Strategies

This legislation provides government incentives and support to individuals and businesses doing business in the areas that were materially damaged by the storm, mostly counties in central and southern Mississippi and Louisiana. The key provisions of the GO Zone Act are outlined in IRS Publication 4492, pages 12-13.

Out of state investors are most interested in the bonus depreciation provision, which stipulates that individuals and certain corporations can purchase qualified investment property in the GO Zone and receive bonus depreciation of 50% in addition to the standard depreciation deduction they would normally take. This provision enables investors to defer payment of federal income tax on substantial amounts of income, and invest in real estate with outstanding return on investment potential if the investments are chosen wisely.

If you’ve made it this far, you’ve probably hit the ‘this sounds too good to be true’ stage, maybe you are asking yourself:

- Can I really get a 150k home with 10% down AND have the builder kick in 11k in cash when the home is completed? That’s only 5k out of pocket!

- Are there really private investors willing to finance loans at market rates, without the market hassles. I thought 90% LTV - stated loans were gone… not any more!

- Is the Government really paying CASH to investors that help provide affordable housing to the thousands hit by Katrina? $40k forgiveable loans for 4 bedroom home, $73k for 3 bedroom duplexes.

I encourage you to pick up the phone, drop me an email, or click on one of the links to the SRAP and/or Go Zone programs. Learn more. The programs are real, the builder is real, the lender is real, and the benefits are there for those willing to make the effort.

Lastly, for those of you who are Real Estate Professionals, the tax benefits found in the Go Zone legislation provides one of the single biggest tax breaks I’ve seen. It’s worth a call to your CPA.

You’ll be glad you did.

Sincerely,

Edwin Brown
Streetvestor

edwin@streetvestor.com

601 624 1237