Opportunity Zones
b'
FAR 256
Opening:
Today we are talking about Opportunity Zones. You may have heard about them. You might have even heard they are the next BIG thing in real estate investing. They represent a tax break for real estate investors as an incentive to bring economic development to underserved areas. I had a chance to speak with Jillian Sidoti and Nancy Tegeder of the law firm of Trowbridge and Sidoti out of southern California.
How to contact us
www.RogerBlankenship.com
Facebook.com/flippingamericamedia
Twitter and Instagram @FlippingAmerica
Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.
Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don\\u2019t mind.
Announcements:
- Lunch with me every Wednesday. Baraonda
- My latest article in Forbes is out. bit.ly/findredeals.
- The FAN is here!
- Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That\\u2019s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy.
- Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It\\u2019s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
- Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. \\xa0
News:
Opportunity Zones
Ram Realty CEO isn\\u2019t buying into Opportunity zones, says \\u201cAnyone who has [Opportunity Zone properties] for development thinks they\\u2019re sitting on gold, but if you are trying to underwrite and make sense of the project with today\\u2019s rents and costs, it\\u2019s very challenging for these areas\\u201d
https://therealdeal.com/miami/2019/05/10/ram-realty-ceo-isnt-buying-into-opportunity-zones/
\\xa0
Fund sponsors and their investors began buying assets in Opportunity Zones en masse this past month, their enthusiasm triggered by the U.S. Treasury\'s mid-April release of a second tranche of proposed regulations for the tax-sheltering vehicles.
https://financialadvisoriq.com/c/2285063/278413
\\xa0
U.S. Opportunity zones are incredible tax savings zone for Entrepreneurs.
\\xa0
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) designated Opportunity Zones in 18 States.
https://home.treasury.gov/news/press-releases/sm0341
\\xa0
Top 10 opportunity zones in the US
https://fundrise.com/education/blog-posts/the-top-10-opportunity-zones-in-the-united-states
\\xa0
Facts about Opportunity zones
https://taxfoundation.org/opportunity-zones-what-we-know-and-what-we-dont/
\\xa0
The Opportunity zone program in New York State
https://esd.ny.gov/opportunity-zones
\\xa0
Trump\\u2019s Opportunity zone rules deliver on investors\\u2019 wish list
\\xa0
Treasury issues second set of highly anticipated opportunity zones guidance
https://home.treasury.gov/news/press-releases/sm660
\\xa0
In a former warehouse on a dimly lit street in the South Bronx, developers sipping Puerto Rican moonshine listened as a local official urged them to capture a new U.S. tax break by rebuilding the decaying neighborhood.
\\xa0
The U.S. Department of the Treasury and Internal Revenue Service (IRS) approved Michigan\\u2019s application for Opportunity Zones -- areas eligible for tax benefits aimed at spurring private investment, economic growth and jobs in the state\\u2019s distressed communities.
https://www.michigan.gov/mshda/0,4641,7-141-7559_9637-465897--,00.html
\\xa0
Ben Carson explains benefits of investing in \'Opportunity Zones\' for areas facing economic challenges
https://www.foxnews.com/politics/ben-carson-opportunity-zones-low-income-americans
c
EXTRAS
Opportunity zones resource center
https://www.novoco.com/resource-centers/opportunity-zones-resource-center
\\xa0
Opportunity zones map tool
https://www.enterprisecommunity.org/resources/opportunity-zone-eligibility-map-tool
The Real Estate Opportunity Zone Meeting
https://www.rclco.com/event/the-real-estate-opportunity-zone-meeting/
Speaker: Eric Willett
Email: ewillett@rclco.com
Phone: 310-752-9032
\\xa0
Special Guest:
Your Questions: Send emails to questions@rogerblankenship.com
- Carlton, Chicago, IL \\u201cI\\u2019m getting back into investing and thinking about Atlanta. What are the opportunities I should be considering there?\\u201d
- Tracy, Senoia, GA \\u201cI\\u2019m interested in reserving my ZIP code on the FAN. Is it $100 for every ZIP code?\\u201d
Comment Line calls and Questions
Call 404-369-1018, press 1 and leave your message!
Motivational Thoughts for the day
\\u201cThere is no amount of money that makes time irrelevant.\\u201d
-Mark Dolfini