*7Mn in capital potentially needing to get placed*

[Alex Shin]

*7Mn in capital potentially needing to get placed*

An agent and I are thinking of creative solutions for the best solution to this opportunity. We have the listing on a 65 unit portfolio sale with a 32 unit apartment complex and a 33 unit development site next door. #Koreatownla #offmarket

If you had a seller who was sitting on about 7Mn in equity and don't want to be landlords anymore, how would you structure the sale to roll over the funds into a syndicated deal as LP?

Expertise needed in #tax, #syndication, #LP, and #passivecashflow.

[Ben Leybovich]

Opportunity Zones are dangerous. The promise of benefit relative to tax is so strong that it introduces moral hazard into the decision-making process. Not all, but very many of the deals being done are fundamentally flawed and will lose money, in which case you are trading losses of real dollars on a RE deal for savings on taxes.

Be very careful to underwrite this appropriately.