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Investing in Opportunity Zones

Opportunity zones are low-income areas that the government allows investors to invest in for tax breaks. Opportunity zones provide great opportunities for investors because the areas allow investors to save money on their tax bills. Similarly, opportunity zones are great for low-income areas because investors drive growth into the areas and revitalize distressed properties. There are several ways that investors can capitalize on the benefits that are provided by opportunity zone investing.

Opportunity Zone Funds
Opportunity zone funds allow groups of investors to pool their money together to benefit from the advantages of investing in opportunity zones. Both corporations and individuals can invest in opportunity zone funds. There are several regulations that opportunity zone funds need to follow to retain eligibility from the IRS. For example, the properties that opportunity zone funds invest in need to be significantly renovated within 30 days of the initial investment.

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Investing in Opportunity Zones
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Investing in Opportunity Zones

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