Has anyone here actually looked into opportunity zones?

[Secure Da Bag]

Economic zones or whatever they're being called.

I mean I know they are used as vehicles for dodging taxes and/or accelerating gentrification. But has any AA entrepreneurs, here at least, actually looked through the plan and see if it's possible for them to take advantage of it?

 

[Astroslik]

subs

 

[Warren Moon]

Yes. It’s way harder than it looks and takes millions of dollars in capital to make any real money

 

[Wargames]

It’s for rich people to invest in building unneeded skyscrapers and Malls

 

[GoFlipAPack]

Yes. It’s way harder than it looks and takes millions of dollars in capital to make any real money

No it doesnt. You can be a small fish with one or two homes in an opportunity zone and reap those benefits

 

[Warren Moon]

No it doesnt. You can be a small fish with one or two homes in an opportunity zone and reap those benefits

Self owned or as an investment? Self owned yes, for 1 house.

Single family home developers 9.9/10 have to build a portfolio of houses.

 

[Secure Da Bag]

So basically this isn't for small businesses but for regional or corporate businesses or businesses making over 10M a year.

 

[Warren Moon]

So basically this isn't for small businesses but for regional or corporate businesses or businesses making over 10M a year.

You can still get a lot in tax benefits. I thinks it’s a per employeee tax credit of like 5-15k(dk for sure). The more employees u have the better