Created as part of the 2017 federal tax reform package (Tax Cuts and Jobs Act), the program affords Governor Sandoval the ability to nominate up to 61 census tracts in Nevada to be part of an "Opportunity Zone."

My goal is here to get involved as much as possible, and start developing my network.I look forward to digesting more information, and meeting all of you.If any of you are in my area, please reach out and lets talk and connect! 

I use the daily-digest emails to stay current on neighborhood-related concerns, including crime and safety.

That was an 80s movie that almost started WWIII because Mathew Broderick hacked the Pentagon on his computer with a dial up modem.House hack, credit hack, life hack are terms still hard for us Xers to digest.

But you're total gain including depreciation recapture was $60K so you would end up having to pay the tax on all $60K - no benefit to the 1031.The other question you're hinting at is what if you bought a tract of agricultural or hunting/fishing land that you intended to use for productive use (wilderness activities, rental, agricultural, livestock etc etc). 

Here are my "readers digest version" numbers and explanation:Property: 3/1.5 SFHPurchase Price: $59kReno budget: $20k (went over a little so will actually end up around $22k)appraisal: $105k as isARV: $125k (estimate per appraiser based on repairs/ reno list provided)Current Mortgage: $431/ month (20% down on purchase price, 100% finance of repairs 20 year am. with 5 year balloon at 5.25% commercial loan)Rent estimate: $1050/ monthThe commercial lender should let me cash out up to 80% of the after repair appraisal as long as my DSR is above 1.2.   

“Large” tracts in or near Raleigh is a relative term.

Investing in Opportunity Zones through qualified Opportunity Funds (QOF)is very interesting to me and the qualified census tracts in my market appear to be poised for growth based on several factors.

If I rent it out, 3 bedroom 2.5 bath I can get around $1500 a month or a little more.The property I currently am considering is a 2 acre tract, has a 3 bed 2 bath home thats right around 1000 sq ft. 

Very digestible for me.