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b'Taylor Lot and Ashley Tison dive into the world of Opportunity Zones and discuss the advantages of investing in these areas. From tax reductions to a step up in basis to fair market value, Opportunity Zones provide an incredible opportunity for real estate investors. We also hear Ashley\'s story of how his investment in a mobile home park allowed him to launch a gun company and pursue impact investing, as well as gain valuable education from it. They provide advice for those wanting to get involved with Opportunity Zones and offer helpful tips on how to get started. Tune in now to learn more about this amazing program and how you can benefit from investing in Opportunity Zones.\\n\\xa0\\n[00:01 - 08:14] Opening Segment\\nOpportunity Zones was created by the Tax Cut and Jobs Act of 2017\\nIf invested for a certain period, investors can reduce taxes paid on those gains in 2026\\nStep up and basis to fair market value eliminates capital gains and depreciation recapture\\nTax-free compound interest coupled with cost segregation and bonus depreciation is the ninth wonder of the world\\n\\xa0\\n[08:15 - 17:18] Invest in Main Street America with Generational Wealth Through Opportunity Zones\\nOpportunity Zones is still in effect until December 31st, 2026.\\nLegislation is pending to extend the program out for two years till December 31st, 2028\\nInvestors can avail themselves of a 15% reduction in taxes if they invest for seven years before the expiration date\\nStep up and basis to fair market value can be availed of up till December 31st, 2026\\nInvestors have 25 years from now to hold onto these assets and let them grow tax-free\\nTo get the step up and basis, investors need to transact with a third party or sell\\n\\xa0\\n[17:19 - 27:38] Salvaging Failed 1031 Exchanges with Opportunity Zones: A Powerful Distinguisher for Estate Planning\\nOpportunity Zones do not require identifying opportunities before selling\\nInvestment can be in real estate, operating businesses, startups, or businesses outside of the zone\\nExchanges must identify opportunities before selling and applies toward a lifetime exemption amount\\nOpportunity Zones apply whatever amount initially invested against the lifetime exemption amount\\nOpportunity Zone Funds allow for the purchase of 95% of complete investment property\\nTax benefits include a step into original use and no depreciation recapture on the sale\\n\\n[27:39 - 34:10] Closing Segment\\nHow Ashley learned the cyclicality of the gun business and what not to do\\nRiches are in the niches - niche down and focus on the main thing\\nStay focused on the main thing and don\'t get distracted by shiny objects\\n\\nConnect with Ashley Tison:\\nEmail: ashley@ozpros.com\\nWebsite: www.OZPros.com/taylor/\\xa0\\n\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\nQuotes:\\n\\xa0\\n"Tax-free compound interest is the eighth wonder of the world. But cap coupling that in with cost\\xa0\\nsegregation and bonus depreciation is the ninth wonder of the world." - Ashley Tison\\n\\xa0\\n"It\'s not about the capital gain that you have now. It\'s about the capital gain that you anticipate having in the future." - Ashley Tison'