WS1557: Investing in Qualified Opportunity Zones | Dave Codrea

Have you heard of the opportunity zones? These are new community development program that was established by Congress through the Tax Cuts and Jobs Act of 2017. The reason why the government is creating these opportunity zones is to encourage long-term investments, specifically in low-income urban and rural areas throughout the country, and bolster the economy. Now, as a real estate entrepreneur, how will this benefit you? In this last episode of our three-part series with Dave Codrea of Atlanta-based real estate investment firm Greenleaf, he discusses what an opportunity zone is, its risks and benefits, and the importance of proper underwriting when you have a deal in the opportunity zone. He also explains why it’s important to look at it so that it makes sense from a deal standpoint, not just from a tax standpoint. Tune in now and find out if it’s time for you to look at the opportunity zone you can invest in! Key Points From This Episode: Dave details what an opportunity zone is and why investors should look at it as an opportunity for growth.Dave explains that in opportunity zones, taxes are deferred until 2026.With taxes being deferred, is this an opportunity for buying?Dave discusses some of the risks and rewards of doing opportunity zones.Are there any changes since the opportunity zone law was rolled out in 2019?How does Dave prepare for 2026?How does Dave plan for possible downturns?What is Dave’s best source for meeting new investors at the moment?Dave talks about the big challenge they are facing in Greenleaf right now.What's the number one thing that's contributed to Dave’s success?How does Dave like to give back?Tweetables:“Our whole strategy was to buy value-add deals and be able to refinance them at some point between now and 2026, to provide some cash-out mechanism will refinance or through just earning money on the deal so thAfter interviewing thousands of entrepreneurs, one truth is clear: business success means little if it costs your marriage, family, or faith.I'm now hosting the Courageous Men podcast for men who want to lead well at home and at work. I'm looking for five men to walk closely with who want to lead well at home and work.  Email me at [email protected] and tell me why you should be one of the five. whitneysewell.com  VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/