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Updated almost 2 years ago,
Opportunity Fund for 1031 Exchange
I have a property in Ft Lauderdale FL that is a STR. The price of the house has tripled. I am considering selling but do not want to pay the tax. I therefore considered doing a 1031 exchange yet the challenge is to find a "like" investment that is not also overly inflated in its price. I was given the advice to look into an Opportunity Zone Fund. I was advised that I could take the money from my STR and roll it tax free into an opportunity zone fund. Does anyone have any knowledge/experience with this strategy?