Opportunity Zone investing uses a federal tax incentive, created to direct investment into designated economically distressed areas, by reinvesting capital gains into qualified projects within those zones.
Log in to followBought a brick fourplex in a designated tract in March. Purchase was 265k. My accountant allocated 78k to land and 187k to the building, which means the improvement number I have…
I've got 3.2 acres on the edge of a small town, bought in 2019 for $61k, no debt on it. The tract it sits in was designated as an opportunity zone back in 2018 and as far as I can…
A developer I've worked with wants a bid on a 6,000 square foot two story commercial building he's converting to apartments, and he's told me the improvement spend has to clear a…
Sold a 12-unit in June. Gain after depreciation recapture is about $486k, and my 180 day window closes in early December. So whatever I do, I do it inside a currently designated t…
Been looking at a 1970s duplex, $198k asking, both sides rented at $875, taxes $2,400, insurance quoted at $1,900. Roof is maybe six years old. It sits inside a designated opportu…
Realized 310k of long term gain in October from selling a small retail strip. My 180 days runs out in April. I have two sites under LOI and I can only fund one without a partner.…