After the attack on 9/11, Congress authorized the passage of the Liberty Zone, an area designed to encourage investors to do what they do best – namely invest money to get the economy moving again.
Then Hurricane Katrina hit Mississippi and, in the aftermath, Go Zones were created to encourage rebuilding and development. Both of these programs provided incredible tax benefits to an extent perhaps not ever seen before in the United States.
Now Mississippi has gone a step further and created what is called the Small Rental Assistance Program (SRAP). If you qualify, this is about as good of a deal as an investor could dream up. If you’ve been paying attention to Jason and the Empowered Investor Network team, you know we’ve been recommending Mississippi as a great place to buy income properties right now. Hopefully you listened.
Even better than tax benefits, SRAP actually pays you cash back for your investments. Here’s an example. Say you agreed to build and purchase a 4-plex for around $500,000. Of course, your lender is going to put up 80% of that amount, while you put up the balance of $100,000. As soon as the builder has his permits and you are approved by SRAP, the state cuts you a check for $55,000. That’s free and clear money. No strings. Just a ‘thank you’ for building in Mississippi.
But it gets better. At the completion of construction you get another check, this one for $91,000, also from the state. That’s $146,000 back already! Then the builder gives you $30,000. That’s a total of $176,000 cash in your pocket over the course of 10-12 months. It doesn’t get any better than that in real life.
To learn all the details, go to https://www.jasonhartman.com and listen to podcast #93 where Jason and his expert guest break it all down.
