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All Forum Posts by: Meredith Bruening

Meredith Bruening has started 1 posts and replied 1 times.

BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Post: Wrapping up a BRRR, and I am now realizing it is in an Opportunity Zone!

Meredith BrueningPosted
  • Posts 1
  • Votes 0

We purchased a property in early 2022 and have just about completed all of the renovations and are about to list the property for rent (the property included 2 separate multi-family homes). We originally didn't think this property was in an Opportunity Zone, so we never looked into setting up a Qualified Opportunity Fund or anything like that. Come to find out today (July 2023) that it is in fact in an opportunity zone. 

What, if any, are our options to reap the tax benefits of being in an opportunity zone? In other words, did we miss the boat?

Thanks!

0 Votes
Cincinnati, Ohio