OPPORTUNITY ZONE TAX HACK - FLIPPING

[Andrew DeWeerd]

I'm almost done with my FIRST FLIP in Sarasota, FL (and projected to make $20k net profit!), and was just presented with a great BRRRR deal in an opportunity zone in Bradenton, which got me to looking further into the opportunity zones we've all heard about. My understand is that I can roll any capital gains, from stocks, REI, etc into an opportunity zone and not pay any capital gains on that flip profit, when holding for at least 10 years, and then also not paying capital gains taxes to sell after that 10 years. Am I understanding this properly?!