What are qualified opportunity zones? And what are the benefits of investing in these zones? We put the focus on this in our #Highlights episode today as we feature our conversations again with real estate entrepreneurs Andrew Greer and Matthew Ryan.
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Andrew explains why a qualified opportunity zone is the best thing that has hit the real estate industry and shares some tips on how to acquire assets that are cash flow-generating efficiently. Meanwhile, Matthew shares the tools for finding an opportunity zone and tackles the risks in investing in one versus value-added multifamily. Click the play button now to learn more about qualified opportunity zones and how you can take advantage of those!
Key Points From This Episode:
- Andrew defines what qualified opportunity zones are.
- There are about 8,700 census districts out there that are labeled as qualified Opportunity Zones.
- What are the benefits of investing in a qualified opportunity zone?
- Matthew talks about his background and focuses on real estate.
- Matthew shares that Re-viv is focused on an opportunity zone fund that they have formulated.
- Why we should be looking into opportunity zones and why that’s important?
“Qualified Opportunity Zones are only the coolest thing that’s ever happened in real estate in my opinion. There are about 8,700 census districts out there that are labeled as qualified Opportunity Zones. Meaning if investors come in and invest capital gains either from short-term capital gains or long-term capital gains, they can develop these properties and receive tax benefits that turn out phenomenal.” – Andrew Greer
“For one, the substantial improvement clause is going to take a lot of your value-add guys out. I know a lot of syndicators are focused on value-add. You’ve got to hit that substantial improvement. You’re looking at very heavy capital infusion projects or roundup development. Those are the two key things to understand.” – Matthew Ryan
“The benefit is once you leave after the ten-year period, opportunities, and investment, you pay zero capital gains on that new appreciation. It is a deferral as well as there’s zero tax on the gain of the new investment. It’s got a little bit more flexibility and a better tax benefit than 1031.” – Matthew Ryan
Links Mentioned in Today’s Episode:
About Andrew Greer
Andrew Greer is a real estate developer and investor focused on building long-term investment properties. Having started in single-family home development and entitlement Andrew moved towards multi-family investments to create long-term assets for himself and his investors.
Focusing the majority of his effort in the San Diego market Andrew has sought after development opportunities that provide builder incentives for density and parking while focusing on creating the highest and best value for his investors His asset management company is currently focused on acquiring Qualified Opportunity Zone investments and developing them for long term wealth preservation and growth.
About Matthew Ryan
Matt’s experience spans ten years as an entrepreneur: launching his first company out of the recession in 2009 to capitalize on the growing opportunities in energy efficiency and green building within the construction sector.
Pivoting to real estate after making his first investment project in 2013. Matt has compiled a 30% IRR on all investment projects while building a personal portfolio worth over $2 million, handling all facets of the transaction: broker, property management, and general contractor all while positioning Re-viv to become the market leader in community revitalization efforts.
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