Oct 22, 2019
What if I told you there was a way for real estate investors to significantly reduce their existing capital gains tax liability? And eliminate ALL capital gains taxes from a property’s future appreciation? The dream is real, and it exists in the form of Qualified Opportunity Zones, a program included in the 2017 Tax Cuts and Jobs Act to encourage investment in low-income census districts. So, how does it work? And how can you take advantage of these opportunity zones to grow your business? We'll dive into all these and more!
Connect with Founders Club Host Oliver Graf on Instagram: @OliverGraf360
Andrew Greer is the CEO of Thomas Strafford Investments, a real estate investment company based in San Diego. Thomas Strafford manages investments in single and multifamily renovations as well as ground-up builds throughout Southern California. An expert in local zoning, Andrew believes that specialization is key in delivering predictable returns.
On this episode of Founders Club, Andrew joins Oliver to share the big-time tax benefits of investing in Qualified Opportunity Zones (QOZs) and explain how the program works. He discusses how to find the low-income census districts that qualify as QOZs, offering insight around which cities have the most upside potential for developers. Listen in for Andrew’s advice on learning about zoning and find out how brokers might market QOZs to grow their business!
[1:23] The fundamentals of Qualified Opportunity Zones
[4:23] How the opportunity zone program works
[11:37] Why Andrew is developing microunits in these areas
[17:51] The cities with the greatest QOZ upside potential
[20:40] The benefits of investing in opportunity zones
[31:15] How to find Qualified Opportunity Zones
[33:42] Andrew’s advice on learning about zoning
[45:44] The best resources to learn about zoning
[51:07] How to market for Qualified Opportunity Zones
[57:07] Andrew’s top tools and apps
Email andrew@thomas-strafford.com
Qualified Opportunity Zone Info