Launching an Austin-based OZ Fund - Any Advice?
I've been looking for a way to deploy some capital gains from a cryptocurrency project called HEX. It occurred to me that a lot of the early investors in the project will probably be looking for ways to defer and eliminate their capital gains taxes as well. So I'm in the process of launching an series of three Opportunity Zone Funds (QOF) to invest in some of the neighborhoods around Austin's Southeast.
Some questions:
- Has anyone invested in a QOF before?
- What convinced you it was the correct investment for you?
- Were you guaranteed any returns from the fund?
- Did the fund charge you a management fee?
- How long did you / have you stayed invested in the fund?
I've started working on the fund's website and blog content. But would love to hear from some QOF investors regarding their experiences.