Trish/Karen

We were told to expect a timeframe of max 6 months from sending off our deposits and the property being ready to rent. The process is going slower than expected, but I am told this is largely because they have been overwhelmed by the number of overseas investors, particularly from the UK and Australia, but also the rest of Europe and…[Read more]

Hi KarenWe are buying in Biloxi which is in Hancock County.  There is a lot of info on the MDA website and a lot of it is old but it is being updated, for example the rent increase for this year were posted a couple of weeks ago (which makes the deal even better).My E-mail address is [email protected], but I am about to go on holiday until next…[Read more]

RedwingYou read them all too!Spreading the word has been really helpful to me too.  As people have raised questions, I have sought more answers.  Fortunately the answers I’ve found have been good.  Its a brilliant way of getting feedback on what you are doing (even the cynical ones).I’ve sent my money off now so its all systems go, though I st…[Read more]

Hello PatriotsoldierI am a UK resident and buying the property with my wife.  SRAP funding is only available to individual investors, not companies or corporations.  The developer is providing a complete turnkey service to us including doing all the necessary paperwork to register with the IRS, open bank accounts, completing the SRAP application p…[Read more]

Thanks for that Irv.Which developer were they using?  I am buying from Global Community Development LLC and the builder is KB Homes.  I will make further enquiries.I understand that the administration of the SRAP funding by the MDA and HUD was not good to say the least in the early days, but have been told that many of the teething troubles have n…[Read more]

Thanks Michaela.I have followed your link to gozoneonline and requested more info from them.  They make some good points and its well presented.Applications for round 2 funding are now being taken for SRAP, and a further block may be taken in September.US tax payers already get very good tax breaks for investing in property and the additional…[Read more]

Thanks Bridgette.

If its a scam, it was started by the US Government and is being managed by the Mississippi Development Authority.  Google the Go Zone and there are over 16 million pages on it.  A pretty big scam to carry off!But hey, its no skin off my nose if you ignore it.

Thanks for the compliment Rhys.Properties have to be built above the flood level to comply with the requirements of the SRAP funding.  These do.

I went to a seminar presented by Danny Silver in the UK last week and he gave an interesting insight into the US property market.  The USA, like any country in the world, does not have a single property market.  There are 50 states which are like 50 countries, and each city in each state has its own market, different areas and types of housing w…[Read more]