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Updated over 4 years ago on . Most recent reply
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Opportunity Zones - Is anyone investing in these?
I see that there have been a few posts on this topic but I'd like to know if anyone has set up (or planning to) an OZ fund? If so, do you have any reliable resources you can direct me to?
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Yes and no. Yes I'm investing in those areas, no I'm not doing so via the new tax structure. Just like I've bought properties, sold them at a profit, and rolled those profits into a new building. Yet never did a official 1031
Since I don't often sell, I don't often have profits that I'm able to use to take advantage of these tax breaks. What I end up doing with my "Profit" is pull it out via refinance. Which puts $$ in my pocket to buy more property w/o having a tax event (since its a loan and not income). I find this to be better (at least for me) as I don't have to mess with the various government process (which tend to make me ill)