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Crowdfunding Platforms: Opportunity Zones
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Do not think of crowd funding as a get out of due diligence free card. Ask yourself, what would happen if the steel collapses? Where do i fall in line if there end up being a line of people who are all looking to get their money back? What is my relative ranking or position within that? ask yourse those questions before you go into any crowd funding platform. Now let's talk about opportunity zones. Opportunity zones are a new federal incentive created by the tax and jobs act meant to incentivs investment in communities that historically have lacked capital. So if you invest in an opportunity zone, you can temporarily defer taxes on previously earned capital gains. As long as you hold the investment for
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode