Certified Alternative Zones in Actual Property ft. Andrew Greer on Founders Membership. ► Subscribe to my channel for extra instruments and ideas for actual property entrepreneurs: Extra at
Andrew Greer is a San Diego Actual Property Developer, Speaker and Entrepreneur.
What if I instructed you there was a method for actual property buyers to considerably scale back their current capital good points tax legal responsibility? And remove ALL capital good points taxes from a property’s future appreciation? The dream is actual, and it exists within the type of Certified Alternative Zones, a program included within the 2017 Tax Cuts and Jobs Act to encourage funding in low-income census districts. So, how does it work? And how are you going to benefit from these alternative zones to develop your corporation?
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Andrew Greer is the CEO of Thomas Strafford Investments, an actual property funding firm primarily based in San Diego. Thomas Strafford manages investments in single and multifamily renovations in addition to ground-up builds all through Southern California. An skilled in native zoning, Andrew believes that specialization is vital in delivering predictable returns.
On this episode of Founders Membership, Andrew joins Oliver to share the big-time tax advantages of investing in Certified Alternative Zones (QOZs) and clarify how this system works. He discusses how one can discover the low-income census districts that qualify as QOZs, providing perception round which cities have essentially the most upside potential for builders. Hear in for Andrew’s recommendation on studying about zoning and learn how brokers would possibly market QOZs to develop their enterprise!
[1:23] The basics of Certified Alternative Zones
Spend money on considered one of 8,500 low-income census districts
Capital good points tax deferred, lowered or eradicated
[4:23] How the chance zone program works
[11:37] Why Andrew is creating microunits in these areas
[17:51] The cities with the best QOZ upside potential?
[20:40] The advantages of investing in alternative zones
Deferral on taxes by means of 2026
Maintain 7 years = no tax on 15% of good points
Maintain 5 years = no tax on 10% of good points
Maintain 10 years = no tax on appreciation
[31:15] discover Certified Alternative Zones
Sources on Andrew’s web site
Search by deal with or census district
[33:42] Andrew’s recommendation on studying about zoning
Attend native planning committee conferences
Community by means of City Land Institute
[45:44] One of the best sources to study zoning
No common software accessible (native specialization)
Use Scoutred, Google metropolis identify + zoning
[51:07] marketplace for Certified Alternative Zones
[57:07] Andrew’s high instruments and apps
Study extra about Andrew right here: Http://www.thomas-strafford.com
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Host of Founders Membership Actual Property Video Podcast
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Hope you loved Certified Alternative Zones in Actual Property ft. Andrew Greer on Founders Membership.