Please sign up and pay for this event at our web site http://sanjoserenc.com/next-meeting/ $10 in advance, $15 at the door.
As always, a copy of the audio and slide deck are included in the price of admission.
What's Better than 1031? Dramatically Reduce Your Capital Gains Taxes By Investing in Opportunity Zones.
Join our guest rockstar presenter, Founder and CEO of MultifamilyU and Grocapitus Investments, Neal Bawa, for an eye-opening, research driven look at one of the best tax deductions for real estate investors ever. This tremendous new tax incentive is paving the way for gigantic profits for savvy investors. If you are facing capital gains of any kind (stocks, business sale, or real estate) he’ll show you how this new tax law can help you defer, and in some cases completely erase, federal taxes… legally.
Real Estate investors are well aware of how painful a 1031 exchange is. Extremely restrictive time limits, onerous rules, third party intermediary fees. It's a system that's almost designed to force Real Estate investors to overpay because they are paranoid about the clock ticking down. Now, Real Estate investors have a real alternative to 1031. One with a much gentler clock, and benefits that go beyond tax deferment to tax forgiveness. Neal's presentation will contain a step-by-step shootout between 10:31 and opportunity zones. This blow-by-blow section will allow you to compare and contrast these two tax benefits and decide which one works best for you. this section is worth the price of admission alone and more.
WHAT ARE OPPORTUNITY ZONES?
OZs were created to boost economic activity in selected census tracts across the country. According to Brookings Institute there are 8700+ US Census Tracts designated as Opportunity Zones, out of which 19% are in already gentrifying areas.
WHAT IS AN OPPORTUNITY FUND?
The Tax reform bill added Opportunity Funds as a new way to incentivize investment in specific communities called Opportunity Zones (OZs). An OZ Fund is an investment vehicle that invests at least 90% of its holdings in real estate within a Qualified OZ.
WHY INVEST IN OPPORTUNITY FUNDS?
Opportunity Funds enable investors to defer federal taxes on recent capital gains until Dec 31, 2026, have that payment reduced by up to 15%, and pay as little as zero taxes on profits from an Opportunity Fund if that investment is held for 10 years.
WHAT YOU'LL LEARN
The in's and out's of this relatively obscure tax incentive hidden in the tax reform package, and the recent change that is causing it to take off.
How you can legally pay absolutely ZERO federal capital gains taxes when you take advantage of this huge tax incentive designed to encourage investment in specific communities.
Best strategies for unlocking maximum tax savings for real estate investors and apartment syndicators.
How you can sell highly appreciated properties in high price areas and exchange them tax-deferred for high-income properties.
Neal and his team of five analysts are now identifying and underwriting Opportunity Zones (OZ) projects throughout the U.S. Currently, a total of 13 projects in 6 states with a total value of over $300 Million are in consideration.
About the Presenter:
FOUNDER & CEO, MULTIFAMILYU
Neal leads the company and is driving the syndication and acquisition of multifamily properties.
Owns and manages an extensive real estate single family and multifamily portfolio in 7 U.S. States.
Speaks at Multifamily events, IRA events & meetups across the country.
Over 3,000 students attend his multifamily seminar series each year
Hundreds attend his Multifamily boot camps annually.
Co-founder of the largest Multifamily Investing Meetup in the U.S. (BAMF), with 4000+ members.
His past experience includes 17 years of revenue (P&L) experience as the senior-most executive in a California education company with over 350 employees and $40MM in revenue.