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Have you heard of the opportunity zones? These are new community development program that was established by Congress through the Tax Cuts and Jobs Act of 2017. The reason why the government is creating these opportunity zones is to encourage long-term investments, specifically in low-income urban and rural areas throughout the country, and bolster the economy. Now, as a real estate entrepreneur, how will this benefit you?\\xa0
In this last episode of our three-part series with Dave Codrea of Atlanta-based real estate investment firm Greenleaf, he discusses what an opportunity zone is, its risks and benefits, and the importance of proper underwriting when you have a deal in the opportunity zone. He also explains why it\\u2019s important to look at it so that it makes sense from a deal standpoint, not just from a tax standpoint. Tune in now and find out if it\\u2019s time for you to look at the opportunity zone you can invest in!
Key Points From This Episode:\\xa0
Tweetables:
\\u201cOur whole strategy was to buy value-add deals and be able to refinance them at some point between now and 2026, to provide some cash-out mechanism will refinance or through just earning money on the deal so that investors can use that to pay their tax liability that is coming out.\\u201d
\\u201cI think there's definitely some opportunities outside of the original thesis of buy and hold long-term where people are going to have to make tax payments coming up in 2026.\\u201d
\\u201cThere's no point in taking on outsize risks to defer taxes and something that's not going to work.\\u201d
Links Mentioned in Today\\u2019s Episode:
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