BiggerPockets Real Estate Podcast 599: The Investing “Cheat Code” of Opportunity Zone Rentals
Apr 21, 2022
In this enlightening discussion, King Malaki Sims, a CPA and seasoned real estate investor, reveals the secrets of opportunity zone rentals. He breaks down how these investments serve as an incredible tax reduction strategy, even allowing some investors to eliminate taxes entirely. Malaki shares tips on finding and funding properties with little to no money down and debunks common myths that deter newcomers. With his insights, even novice investors can confidently navigate opportunity zones to build wealth while keeping Uncle Sam at bay!
AI Snips
Chapters
Books
Transcript
Episode notes
Opportunity Zone's Tax Advantage
- Opportunity Zone investing is the best tax legislation in 20 years.
- It's a true tax escape, unlike 401ks or 1031 exchanges that just defer taxes.
Why the Government Favors Opportunity Zones
- Invest in Opportunity Zones: the government incentivizes development in these areas.
- They offer significant tax breaks in exchange for building or rehabbing properties.
Finding Opportunity Zones
- Find Opportunity Zones near you by Googling "Opportunity Zone Maps".
- Your city likely has Opportunity Zone Map designations on their website, too.
