This would allow you to defer paying cap gains taxes til 2027, and any appreciation you have on the new asset you develop are 100% tax free if you hold the asset for a minimum of ten years.I don’t mean to muddy the waters, but QOZ’s, for the right investor, will be very attractive propositions with the looming recession and folks willing to provide services for less as the economy slows.With a QOZ, you only invest your capital gains into a new property.

Hi All, I am just getting started in my real estate investing strategy (may be not the best time given the high inflation, looming recession etc.).

For the most part Millennials graduated during the worst recession since the Great Depression when there were few if any jobs.

Unfortunately I wasn't able to use Andrew's method - my title company botched the closing, and the lender I use with 90 days of seasoning stopped doing those kinds of loans with the pandemic/recession. 

That it went down by the 2008 recession?

It's been about 7 months since my post and we're kinda in a recession.

In addition, the commercial market, particularly apartments, self storage, and mobile home parks held up well during the last recession.  

Recessions WILL come.

It may also be fruitful to continue to save and then reap the benefits of the next recession.  

-Low cost of living meaning if there is a recession, people move to places like this.- Although poverty levels are high, we actually get a lot of money from people with money moving from Mexico to the US offsetting this a bit.Cons:- Not very many qualified tenants.