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Multi-Family and Apartment Investing

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Josh Starner
Pro Member
  • Realtor
  • Asbury Park, NJ
43
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62
Posts

Opportunity Zone Help

Josh Starner
Pro Member
  • Realtor
  • Asbury Park, NJ
Posted Jun 25 2019, 11:16

I own two rental properties under and LLC which I purchased in the last year. The LLC consists of two equal partners, and both of these properties were purchased in opportunity zones. I am looking to take advantage of the tax benefits that opportunity zones can offer, and I am wondering if I can simply re-write the existing operating agreement to make the LLC an opportunity zone fund, or do I need to form a new entity and sell the properties to the newly formed opportunity zone fund. Thank you in advance!

Josh

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