Opportunity Zones - Great Investing Trend?

[PJ Kolnik]

Investors,

I was reading about these new Opportunity Zones that are being established as part of the Tax Cut and Jobs Acts. I wanted to start a thread that starts the speculation of potential investment opporunity possible in these areas.

Also, can someone help me understand the benefit of the following statement in these zones? 

"Qualified Opportunity Zones retain this designation for 10 years. Investors can defer tax on any prior gains until no later than Dec. 31, 2026, so long as the gain is reinvested in a qualified Opportunity Fund, an investment vehicle organized to make investments in these areas. In addition, if the investor holds the investment in the Opportunity Fund for at least 10 years, the investor would be eligible for an increase in its basis equal to the fair market value of the investment on the date that it is sold, according to Treasury officials."

http://www.housingfinance.com/news/treasury-names-...

https://www.curbed.com/2018/4/12/17227124/investme...