All Forum Posts by: Bo Goebel

@Andrew Gingerich 
While a 1031 is viable for some people, Qualified Opportunity Zones allow you to role money from ANY capital gains into purchasing real estate.

There are several requirements in order to benefit from the new .... rule number 1 and number 2 are simple. The property must be in a QOZ and you must purchase with a QOZF (fund). But the fund is self-certifying, and if this is a property you were planning on buying in an LLC (or C,S Corp) and you have the amount of unrealized capital gains to purchase and significantly improve the property, it would certainly be worth looking into. I'd recommend a CPA to discuss the situation with.

If held for 10 years, there is no point to 1031 the property.... all of your profits from that property are tax free!

Join us as we discuss Opportunity Zone Funds in depth!

The Job and Tax Act of 2017 created opportunity zones to incentivize long-term investments in lower income areas. Yet the IRS has only recently put out information as to the requirements and how the opportunity zones should be used.

Whether you are an active investor, a professional looking to invest passively in real estate, a tax expert or someone who has never heard of an opportunity zone, come see if you could benefit from this brand new legislation has the ability to transform massive areas of America.

We will discuss what an opportunity zone is, why it was created, what the requirements are to invest in them, and how, when added on top of principled investing, investing in opportunity zones can lead to phenomenal and real social impact!

Doors open at 5:30, we'll get started just after 6 pm. The discussion typically lasts an hour and then everyone is invited to continue the conversation and network at our table at Speakeasy.

@Michael Bowie
You and I are in the same boat! Good luck on the project!

@Dylan Mathias 
It sounds like you are asking if it is a good investment to purchase a property in an opportunity zone because the opportunity zone will appreciate more (and more quickly) than a house in the same area not in an opportunity zone. Is that correct?
If so, that is a great question and let the debate begin on appreciation vs. cash flow! 

But if you are looking to establish an opportunity zone fund and invest capital gains into a property, one of the main requirements to collect all the tax incentives is you must invest an equal or greater amount of the value (purchase price) into the property. 

i.e. Opportunity Zone Fund ABC purchases a vacant building in an opportunity zone for $500k to create apartments. ABC must invest an equal amount ($500k- land value (typically ~20%)) in the renovation or construction of that property. 

PP- $500k + Reno- $400k = minimum total investment of $900k 

Therefore, the use of a QOZF (fund) is primarily an option for groups with heavy value-add, development, or construction business plans... not a buy-and-hold investor.

MULTIFAMILY REAL ESTATE INVESTING- the jewel of the REI world.

Why do many investors consider commercial multifamily the best investment available?

During our August meeting, we'll be joining the Military Real Estate Investing Network and discussing all things multifamily! We'll take a conceptual look at how multifamily investing works, dig into some specific benefits and tactics, and go over how anyone (even active duty or professionals in time-consuming fields) could benefit from investing in this asset class.

Doors open at 5:30, meeting starts at 6:00, and everyone is welcome to continue the conversation with some pizza afterwards at Speakeasy.

@Donnie M. Thanks for the mention and the kind words. 
@Mitch Messer The Military Real Estate Investing Network and the Chattahoochee Multifamily Investing Network are having a shared event on August 14th discussing the benefits of multifamily investing. The groups benefit from the collective knowledge and networking, so please come and share some of your expertise! 

USE A HELOC - COMPOUND WEALTH

Come join The Military Real Estate Investment Network as we discuss how to use a home equity line of credit (HELOC) to payoff debt quickly and purchase more properties. This strategy focuses on special ways of paying off a property quickly and using the equity you have in the property to purchase more!
A SHORTCUT TO SUCCESS!

This event is ideal for anyone who desires to better their financial situation. Whether you are brand new to the investment world or an experienced investor, this is where you want to be.

AT NO TIME- will any member of the class be "pitched" or sold anything. This class is purely informational, with intention of empowering the attendees with knowledge to take action.

Things to be discussed-
Introductions
Compound Wealth Through HELOC
30 minutes Q & A,
Networking
Join us after for a drink and pizza at Speak Easy.

That’s great @Justin Swain. Simply knowing a little bit about who you are and your goals and will help anyone looking to provide advice. 

Keep on the grind. Good luck. 

@Justin Swain

You did well to take the initiative to ask the question.  

But, frankly, you didn’t frame the question well or stirring any motivation for anyone to help you. It comes across lazy... and I, personally, don’t want to work with lazy people- let alone mentor them. 

The way you can find mentors is by getting to know Investors (and people in general), being a good, hard-working person, and providing value to them.  No one is going to respond to this inquiry that is worth learning from. 

I suggest you add a profile picture, mention a little bit about yourself, describe things you’ve done already to better yourself, what type of investing (and therefore mentors) you are looking to get into, and some specific goals. Then, and only then, will anyone of any caliber seek to point you in the right direction. 

Like @Mitch Messer said, you should be among on working with others or learning through experience. 

I hope you find this helpful. 

@Minji Wu
@Ryan Peach is a guy you'll want to chat with. 

Evansville has properties running the gamut- ranging from $20k-$300 (and higher) that investors could consider. You can find nice properties that hit the 1% rule often enough and have properties that crush the 1% rule that I wouldn't ever touch without being present in the area. 

Some people have made lots of money and positive impacts in communities investing in D class areas, but it's not something I would ever advise to someone that is
1. Investing out of state
2. Investing for the first time
3. Not fully established with a good team. 

Evansville is a strong, high-yield market... which sounds it sounds like you are looking for. Good luck in your search.