All Forum Posts by: Kate Bowers
Kate Bowers has started 1 posts and replied 3 times.
Post: Opportunity Zone Structuring Question
- Washington
- Posts 5
- Votes 0
Thanks Scott.
Originally posted by @Scott McIntosh:
Kate -- The incentive is really about attracting new capital to Opportunity Zones, which often makes it difficult to take advantage of the incentives for previously-acquired OZ property. Related party rules prevent current owners of OZ property from owning more than 20% of an Opportunity Fund that acquires the property, so you'd have to bring on some other investors and be willing to take a much smaller stake in this property to make it work. No issues with having a mortgage on OZ property, though -- you can use as much leverage as you like.
Post: Opportunity Zone Structuring Question
- Washington
- Posts 5
- Votes 0
I have a property that is in the opportunity zone that is mortgaged that is under my personal name. Is there any way to structure it so that I can have it invested via a opportunity zone fund while still having a mortgage( maybe not the same one)?
Post: Newie from Seattle/East Side
- Washington
- Posts 5
- Votes 0