Gulf Shores / Orange Beach condos for sale
Assisting buyers and sellers in Mobile, Gulf Shores and Orange Beach
Regina Faggard
251-656-3456

Investors purchse condos in Gulf Shores and Orange Beach AL due to the following advantages.
1. Property taxes in AL are extremely low, 1/4 of what you would pay in Florida.
2. Gulf Shores and Orange Beach AL are established vacation destinations.
3. Beachfront property, especially condos, can be purchased for less than $500 a square foot. Condominiums that are not beachfront can be purchased for much less.
4. Pre-construction condo developments are plenitful on the Gulf Coast therefore creating a great opportunity for investors to purchase condos for extremely low prices with little or no cash deposit.
5. The building codes for the Alabama Gulf Coast are very strict. All new construction, beginning in the year 2000, must conform to Miami - Dade hurricane codes.
6. The cities of Gulf Shores and Orange Beach continually strive to create a family oriented vacation destination that lures visitors to the Gulf Coast, therefore maintaining a steady rental income.
7. Gulf Shores and Orange Beach are easily accessed from Texas, Louisiana, Mississippi, Georgia, Tennessee, Kentucky and many other states within 8-10 hours of driving travel time.
8. The Gulf Coast has experienced a price correction thus creating a buyers market. During a buyers market is the best time to purchase and the wrong time to sell.

What is the GO Zone Act of 2005?
The Gulf Opportunity Zone Act of 2005 is federal legislation that was passed by Congress and signed into law by President Bush in December of 2005. This legislation provides for Federal Tax Incentives to areas affected by Hurricanes Katrina, Rita, and Wilma that were designated as warranting individual or public and individual assistance.

Allows 50% Bonus Depreciation within the Zone. This incentive allows businesses to claim an additional first-year depreciation deduction equal to 50% of the cost of new property investments made in the Zone. This depreciation allowance applies to software, leasehold improvements, and certain equipment and real estate expenditures. Property must be used in the active conduct of a trade or business. All depreciation deductions would be exempt from Alternative Minimum Taxes. This provision applies to property placed in service through December 31, 2007, or December 31, 2008 for real property. 

Please contact a tax attorney or CPA to learn about the tax benefits when purchasing a new condo in Gulf Shores / Orange Beach AL.

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