114: Opportunity Zones – Dissecting the Opportunity in O Zones, with Eddie Lorin

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8 • 518 Ratings

🗓️ 17 January 2019

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Eddie Lorin is the founder of Founder of Alliant Strategic Preservation Funds, an integrated owner/operator of affordable and workforce housing across the U.S. They sponsor a variety of residential real estate equity funds focused on economically distressed communities.

If you're planning to realize a sizeable capital gain in the near future, the time is right to learn about opportunity funds so you can make an informed investment decision.

During this episode, Eddie will share how your investment in Opportunity Zones have the potential to pull millions of Americans out of poverty and generate both financial and social returns for investors. Find out what exactly O Zones are and ways to put yourself in a position to understand this business in order to successfully invest yourself. Listen towards the end to hear Sam Marks and Johnny FD discuss a potential downside to O Zones.

Links:

Recommended:

ArtofFX – Start with just a $10,000 account (reduced from $25,000)
Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
Betterment – Get up to 1 year managed free
PeerStreet – Get a 1% yield bump on your first loan

Where we are:

Sam Marks - Gold Coast Australia
Johnny FD - Chiang Mai, Thailand
Eddie Lorin - California

Discussed:

Join The Boss Longue

Time Stamps:

06:47 - An introduction: Three components to O Zones
07:42 - “Three states in the country actually got 80% got all the venture capital in the last 50 years” - Eddie Lorin
11:00 - What happens on the rental income after acquiring a low-income unit?
15:06 - The 100% basis rule and housing crisis explained
24:56 - “We should revitalize every single census tract” - Eddie Lorin
30:58 - How to invest into an opportunity zone funds
33:29 - “The ultimate impact investment is low-income housing” - Eddie Lorin
34:01 - Ways to be smarter than the average person
36:01 - Learning to manage your own property and lend money
41:38 - Viewing the interactive opportunity zone layout map
44:57 - Is the only downside to O Zones gentrification?
49:00 - The Fundrise Opportunity Fund breakdown

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Transcript

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0:00.0	Welcome to the Invest Like a Boss podcast. I'm Sam Marks and I'm Johnny FD. We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss.
0:09.0	Join us each week for exclusive interviews with our network of modern investors, business owners, and multimillionaires to discover new ways to invest our hard-earned cash.
0:18.0	Hey guys, this is Johnny and welcome to episode 114 of the Invest Like a Boss podcast. I'm in
0:23.7	CzechMy Thailand and Sam is somewhere down other down under in...
0:28.3	Down under.
0:30.5	We're in Australia are you.
0:31.6	There's a ship and the barbie. I'm down on the gold coast, buddy. Wow. South of Brisbane.
0:36.8	Nice. So you visited the black hops down there, the brewery? I'm down on the Gold Coast, buddy. Wow. South of Brisbane. Nice. So you visited the Black Hopps down there, the brewery? I'm visiting the Black Hops and the Wallabies. There is so many weird animal noises outside my window every morning. And it sounds like you're in Jurassic Park almost. Well, it could be like that if you start wandering in the bush.
0:55.6	I don't think I will do.
0:57.0	But no, it's summer down here.
1:03.2	It's super hot, enjoying some ice cold beers and getting to explore some new places.
1:04.2	How things are in Shanghai.
1:05.5	Yeah, I think it's good.
1:08.4	It's winter here, but it's a nice winter.
1:12.1	So it's like the perfect winter for anyone who's listening.
1:17.4	Chiang Mai is the best place in January because it's kind of chilly at night so you can sleep well.
1:21.5	But during the day, it's hot enough to lay by a pool for a few hours.
1:22.4	Yeah.
1:26.3	Yeah, it's been a bit warmer this year than the last few years that I've been there.
1:29.3	But it's nice, pleasant. Yeah, I like it.
1:34.9	And how are the beers down there at Blackhops? They're good, man. They are good. I'm probably a little bit biased, but you should see the new tanks that are going in. It looks like they're building SpaceX.
1:40.2	It's crazy. These things are massive. So it's been cool to see. And I worked behind the bar
	...

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