Blake Christian Reveals the Secrets of Opportunity Zone Funds

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 26 July 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Join us today as Blake Christian reveals the secrets of Opportunity Zone funds. He's here to explain the flexibility and tax benefits of these funds. He highlights the program's role in encouraging investments in underserved communities. He also shares the challenges in navigating the rules and compares OZ funds with other tax deferral strategies like 1031 exchanges. Prepare to learn everything you've ever needed to know about OZ funds!

We discuss...

How OZ funds allow deferring capital gains if reinvested within 180 days, with potential tax-free appreciation if held for 10 years.
Which six states do not conform to Opportunity Zone benefits.
Over 8,000 census tracts qualify for Opportunity Zone investments, targeting underserved communities with high unemployment and welfare recipients.
How OZ funds can be used for real estate and operating businesses, attracting investments into otherwise neglected areas.
The complexities and potential pitfalls in structuring OZ funds, including the necessity of making proper elections and meeting improvement requirements.
When combining Opportunity Zone funds with Section 1202 qualified small business stock can provide additional tax benefits.
Installment sales are a simpler alternative for deferring gains but carry risks of higher future tax rates.
California aggressively taxes deferred gains from 1031 exchanges and Opportunity Zones, even if the taxpayer relocates to another state.

For more information, visit the show notes at https://moneytreepodcast.com/the-secrets-of-opportunity-zone-funds-blake-christian-628

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Barbara Friedberg | Barbara Friedberg Personal Finance
Phil Weiss | Apprise Wealth Management

Follow on Facebook: https://www.facebook.com/moneytreepodcast

Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast

Follow on Twitter/X: https://x.com/MTIPodcast

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.0	Hello, Smart Money Tree Podcasts listeners. Welcome to this week's show.
0:14.0	My name is Kirk Chisholm. I'll be your host. And today I'm joined with Blake. Christian.
0:18.0	How are you doing it, Blake?
0:19.0	Doing great. Thanks for having me.
0:25.5	Awesome. Well, I'm glad to having the show. We're talking about a topic that we haven't talked about in a while.
0:30.3	It's one of my favorite topics, so it'll be a lot of fun. So, Blake, tell us a little bit about your background.
0:36.9	So I've been a CPA for 44 years, started my career at KPMG in Los Angeles.
0:43.8	Currently, I'm a tax partner with a top 30 CPA firm, Holt House Carlin, and Van Trite.
0:55.5	And I work out primarily out of the Park City and Salt Lake City offices, but also spend some time out of our Long Beach office, which I founded 30 years ago.
0:58.0	Nice. What have you been doing lately? About 80% of my time now is spent on Opportunity Zone funds. So we have over 200 that we've
1:06.2	formed and helped our clients manage, have several hundred million dollars in various real estate.
1:14.8	And one of the unique things with us in the Oz space is we, probably about 25% of our
1:20.2	businesses are operating businesses. Right now, I'm actually working on a large oil and gas
1:26.7	project that's going to be all Opportunity Zone CITists.
1:31.4	So it's quite an interesting project.
1:34.2	What size the opportunity zones are you working with?
1:37.1	You're working with like individual properties?
1:39.0	You're working with institutions or like, where's your bailiwick?
1:42.6	I describe it as we deal with captive opportunities own
1:46.9	funds. So high net worth individuals sell their business, which is the most common, or they exit a
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Money Tree Investing Podcast, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Money Tree Investing Podcast and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.