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All Forum Posts by: Gaurav Asthana

Gaurav Asthana has started 1 posts and replied 2 times.

General Real Estate Investing

Post: Buying property through a pre-existing opportunity zone fund

Gaurav AsthanaPosted
  • Posts 3
  • Votes 0

Thanks Natalie. I didn't see the requirement for having at least two people starting the LLC in the IRS guidance below. Is that a new requirement?

https://www.irs.gov/newsroom/o...

0 Votes
General Real Estate Investing

Post: Buying property through a pre-existing opportunity zone fund

Gaurav AsthanaPosted
  • Posts 3
  • Votes 0

Hi All,

I want to buy a property in an Opportunity Zone. I know the the rules require the purchase to be through an LLC or partnership that is a Qualified Opportunity Zone Fund entity. Does anyone know if there is a pre-existing fund that allows an investor to purchase an individual property through them or do I have to setup my own QOF entity? Most QZ funds online want you to invest money in their fund and don't have the option of buying your own property through them.

Thanks,

Gaurav

0 Votes