jasonw1 Posted October 13, 2019 Share Posted October 13, 2019 I have a couple of real estate investments I want to sell, both of them have sizable capital gains. My tax account suggest Opportunity Zone investments to defer the tax, even to eliminate the tax. I looked it up it seems very appealing, but not sure what would be the best way to go: should I set up something myself? that will require significant operation and time commitment; or should I just buy one of the opportunity zone fund, then which one? they all carry pretty high fees and relatively new. Anyone with experience to share? Here are some background of opportunity zone investing: https://www.wellsfargo.com/the-private-bank/insights/planning/wpu-qualified-opportunity-zones/ https://www.ncsha.org/resource/opportunity-zone-fund-directory/ Link to comment Share on other sites More sharing options...
alpha231616967560 Posted October 13, 2019 Share Posted October 13, 2019 Jason, One path to consider is crowd-funded real estate. Equity Multiple has several Opportunity Zone offerings and just announced a new one yesterday. https://www.equitymultiple.com/opportunity/ Cheers, Paul Link to comment Share on other sites More sharing options...
DooDiligence Posted October 13, 2019 Share Posted October 13, 2019 I have a couple of real estate investments I want to sell, both of them have sizable capital gains. My tax account suggest Opportunity Zone investments to defer the tax, even to eliminate the tax. I looked it up it seems very appealing, but not sure what would be the best way to go: should I set up something myself? that will require significant operation and time commitment; or should I just buy one of the opportunity zone fund, then which one? they all carry pretty high fees and relatively new. Anyone with experience to share? Here are some background of opportunity zone investing: https://www.wellsfargo.com/the-private-bank/insights/planning/wpu-qualified-opportunity-zones/ https://www.ncsha.org/resource/opportunity-zone-fund-directory/ Buy real estate in a crappy location & become a slum lord or pay your fair share of taxes. Decisions, decisions. Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted October 13, 2019 Share Posted October 13, 2019 I have a couple of real estate investments I want to sell, both of them have sizable capital gains. My tax account suggest Opportunity Zone investments to defer the tax, even to eliminate the tax. I looked it up it seems very appealing, but not sure what would be the best way to go: should I set up something myself? that will require significant operation and time commitment; or should I just buy one of the opportunity zone fund, then which one? they all carry pretty high fees and relatively new. Anyone with experience to share? Here are some background of opportunity zone investing: https://www.wellsfargo.com/the-private-bank/insights/planning/wpu-qualified-opportunity-zones/ https://www.ncsha.org/resource/opportunity-zone-fund-directory/ Buy real estate in a crappy location & become a slum lord or pay your fair share of taxes. Decisions, decisions. Seeing as to qualify for the OZ tax relief, you have to spend a pretty big portion of the basis on improvement costs, you seem to misunderstand what 'slum lord' actually means. Link to comment Share on other sites More sharing options...
DooDiligence Posted October 13, 2019 Share Posted October 13, 2019 I have a couple of real estate investments I want to sell, both of them have sizable capital gains. My tax account suggest Opportunity Zone investments to defer the tax, even to eliminate the tax. I looked it up it seems very appealing, but not sure what would be the best way to go: should I set up something myself? that will require significant operation and time commitment; or should I just buy one of the opportunity zone fund, then which one? they all carry pretty high fees and relatively new. Anyone with experience to share? Here are some background of opportunity zone investing: https://www.wellsfargo.com/the-private-bank/insights/planning/wpu-qualified-opportunity-zones/ https://www.ncsha.org/resource/opportunity-zone-fund-directory/ Buy real estate in a crappy location & become a slum lord or pay your fair share of taxes. Decisions, decisions. Seeing as to qualify for the OZ tax relief, you have to spend a pretty big portion of the basis on improvement costs, you seem to misunderstand what 'slum lord' actually means. You may be right. It just smacks of a property that's been depreciated to shelter revenue & then gets swapped into another property to further avoid taxes. Minimal improvements get made & the cycle continues with jacked up rents from the new landlord. IMO, this is exactly the kind of nonsense that brings whack jobs like Bernie Sanders to prominence. I could be wrong but we don't know since the full story isn't available. Link to comment Share on other sites More sharing options...
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