Opportunity Investment Zones

[Shawn Long]

How does a self directed IRA compare to an opportunity investment zone and what is the most common strategy used in combination with either?

[Dave Spooner]

@Shawn Long to invest in an Opportunity Zone, you need a Qualified Opportunity Fund (QOF). These must be setup through a partnership or corporation (usually you'll create an LLC expressly for this purpose).

You'll definitely need a lawyer and a CPA with experience in Opportunity Zones to set this up, so it's not cheap. It's probably only worthwhile setting up a QOF if you intend to use substantial capital gains as part of your investment.

BP has a pretty good article on it here: https://www.biggerpockets.com/...