I have just agreed to buy 3 duplex (pairs) of 3 bed 2 bath houses in the USA for $32,000 downpayment each and will get a payment back from the federal government of $73,000 for each, positive cashflow of over $40,000 per duplex (approx £20,000).

I went to a presentation last week about property in the Go Zone in the USA. If you have not already heard about it, this is an extended area of the southern USA which was affected by hurricanes Katrina and Rita a couple of years ago. The US Government is pouring billions of dollars into the area to revive the economy and provide low cost housing for displaced residents and newcomers entering the area to work. They need to build over 60,000 properties to satisfy demand.

In certain areas of Mississippi, the development authority have established a Small Rental Assistance Program (SRAP) to provide affordable rental properties for everyone during these times of high rental demand. What I like about the deal is that the incentive is from the US federal government and not a fake cashback scheme from a developer.
I think this is such a good deal that I want to let as many people know about it as possible. I don’t want to sell it to them, but let them do their own research and deal with the companies directly themselves.

There is plenty of information available on the internet about the area and the funding. The developer is represented by Danny Silver who is well respected in the US property market and manages Property Direct Group. His UK based partner is Tony Staniforth at Investment Property Direct. They will be arranging further seminars in June which Danny will present and details will be available from their websites. If you are interested let me know and I'll give you the contact details.

This is such a no-brainer deal for me that I have committed to 6 properties which is the maximum number for which an individual investor can get the SRAP funding. So by investing $96,000, which covers a 10% deposit and all closing costs, I will have 6 brand new properties to rent in a high demand area and $219,000 back from the US government. Where else can you find a deal like this? Check out the websites and do your own research into the Go Zone and SRAP then go along to one of their free seminars.

Paul,
I see on their website that the deadline for SRAP applications is October 26,2007?
Can you please send me more information as to how to go about the way you did? Did you use an agent or anyone.Can you send me any referrals or resources to help me?
Thankyou for any info

Fahima
fams20athotmail.com

Fahima

The deadline of October 2007 was for the 1st round of awards for SRAP, they are now taking applications for the next round.

I went to a seminar that was arranged by Investment Property Direct. I couldn't put the web addresses on the post as this site system wouldn't let me. I will now send them to your E-mail address above.

There is loads of good info and links on these sites for you to follow. There are further seminars in Reading on 27 May and Nottingham on June 12. If you register your interest on one of the sites they should be able to send you an invite if they're not already full.

Regards

Paul

Hi Paul

Sounds interesting, but read near identical introductory post on similarly named thread on Singing Pig that I think has been pulled (can see no trace of it.) Was it pulled and if so did the administrators give you a reason for it being pulled?

Soup

I posted in 2 places as I was not sure which one was most appropriate. Admin pulled one and moved the other, nothing more sinister than that!

Paul

Paul

Do you have contact details and website addresses where i can obtain further information

thanks

Richard

Richard

Yes. I can't post web addresses until I have done 5 posts. This may count as my 5th but will try this.

The first is propertygroupdirect with 3 w's infront and com afterwards, the second is investmentpropertydirect with a co and a uk afterwards.

In addition to having loads of info themselves, they also have links to outside websites for the US government, GoZone, Mississippi. Plenty of info for your research.

another seminar has just been arranged for June 12th if you can make it. You can request a place through either website.

Regards

Paul

For those of you who read my post "The US Government will pay me $36,500 to rent out a property in the USA", and are interested, there is a seminar in London on 10 June and one near East Midlands Airport on 12th June, both presented by Danny Silver.

You can register at their websites The Property “Direct� Group , or www.investmentpropertdirect.co.uk.

Remember to do your own research.

Regards

Paul