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1031 Exchanges

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April Mattin
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Buying a property in Opportunity Zone - need guidance!

April Mattin
Posted May 10 2020, 22:02

I am purchasing my first investment rental property, which happens to be in an Opportunity Zone in Denver. I don't close until the end of the month (or 3 weeks) and I have funds sitting in an account which are from a stock sale with significant capital gains. What are my next steps in order to be able to utilize the Opportunity Zone program. I plan on holding the property for the full 10 years per the OZ program. House will go into an LLC (can this be the same LLC as the OZ fund, or do I need to set up different LLC to transfer funds into?) Any specific guidance would be much appreciated!