I read the recent IRS release about the 50% immediate depreciation on any property in the Go Zone (Gulf Coast Hurricane Disaster area).Anyone doing this or have leads on good investment property in Louisiana or Mississippi?

Often, I try to get projects in the first phase, not to make a killing, but to position my organization for the release of lots in the later phases.

I've got a builder building out huge project in Branson Missouri...Releasing 1st phase to investors at 75% - 85% of appraised value.

Construction Items required in a Preliminary Package1.Project description (which includes number of units, proposed pricing of units, total costs, per plan costs, profits, proposed equity and proposed loan amount, any subordinated debt)2.Project cash flow3.Location map4.Cost breakdown 5.Market study - if available (an internal or third party study)6.Sequence list (including lot number, plan number, base price, proposed premiums) 7.Biography or resume of key management8.Authorization/Release for Business and Principal9.Borrower’s Certificate of Past Credit Relationships (attached)10.Banking references and two sub-contractor or supplier references (attached)11.List of all current projects (location, price range, size range, sales rate, JV partner, lender) (attached)12.Financial Statements for borrowing entity and guarantor(s) (attached)a)Current financial statements, indicate book value or market value basisb)Statements must accurately report all assets and all liabilities (include contingencies)c)Statements must be signed and datedd)Signed tax returns for past two years (please include all K1’s)13.Financial Statement Certification (attached)14.Tax Return Certification (attached)15.

When tenant options to buy I am of course released from the lender.

Does is take a long time and do they just release the things or what?

We have a call center that contacts these land owners and procures lots at below market prices, then releases them to our investors.

When invoices are paid to contractors for the hard costs, usually the developer requests a release of lein to be signed that is approved and inspected by all parties including, the bank, bank inspectors, county attorney, title company, etc....This release prevents any files, leins, or judgements to be placed on the property after substantial completion.

But that's not exactly easy, as virtually no hotels release year-end financial data, and rates quoted at the front desk fluctuate day to day.Solid Information and Revenue Data from Condotels in the PhilippinesBuyers of condo-hotel projects in the Philippines are not left to guess at the revenue their units will generate because there are NO Federal security law that bars real estate developers from passing on the projected hotel guest rate to condo-hotel buyers.

The following article is featured in my November, 2006 newsletter to my property owner/clients...OWNERS.....Put your hands on your head and back away from the propertyWhen our area “sales market” started to “go away” in mid July, many rental property owners got anxious about the re-leasing of their rental property.....sometimes to their financial detriment:$ * Owners of a high-end rental home upon hearing that the landscaping needed some weeding and mulching visited the property over a weekend - the same weekend that the property was being shown by a local Realtor to rental clients who were anxious to see the property after viewing it online.