ingram62:Hi Paul
I first heard about this on the property secrests forum a few weeks ago and I am very interested.
One question, the money that you get back from the US govt, do you have to keep that in the US or can you trsf these funds out of the US.
Also do you have to pay Danny Silver a finders fee.
Good luck with your investments.
Regards
Elaine
I believe the money from the US government is a tax credit. You get to pay less in taxes than you would have done otherwise to the US government. If you have no tax liability in the US then you cannot use the credit. The rental property will generate some income and some liability but the program was not designed for people who do not pay taxes in the US.
The Go Zone program exists to help rebuild after hurricane Katrina. It is a good program for some.
25+ years of REI, US & UK.
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