Investing Elevated Galena Real Estate Investment
We deliver exceptional results for our investors.
Real estate investment in all its benefits and opportunities can be a tricky business to venture into, that is, if you aren’t fully educated and equipped to make a success of it. This has resulted in individuals seeking professional advice or getting some form of self-education with the ultimate goal of making a success of real estate investment.
That in its own right is one part of the equation as a further understanding of concepts and access to information are other fundamental aspects of the business which need to be properly taken a look into.
Real estate over the years has undergone numerous changes, some influenced by economic situations, while others by the governments. One recent change that has occurred is the opportunity funds act which recently was introduced into the real estate investment system in the united states.
What are real estate opportunity funds?
A real estate opportunity fund is an investment pilot designed for injecting investments into opportunity zones within localities in the united states. Opportunity zones in this context refer to geographical regions with economical distress.
These pilot programs are designed such that tax incentives are used as the primary luring factor with which investors are offered the opportunity to invest in these regions which are classified as qualified opportunity fund real estate regions
Opportunity zones were set up in 2017 as a means of tackling the issues of underdevelopment in underfunded and low income distressed communities.
In order for any community to be classified as a qualified opportunity real estate region, it needs to be verified via the IRS through which it would be certified by the Secretary of the U.S. Treasury.
How can you capitalize on the qualified real estate opportunity fund?
It is of primary focus that opportunity funds make substantial and periodical improvements to the properties or projects they are assigned for.
According to the Tax Cuts and Jobs Act, these substantial and periodical improvements are classified based on the investments made in respect to the original value paid by the opportunity fund.
These substantial changes are required to be made within 30 months prior to the issue of the fund.
There are however certain businesses that aren’t liable for getting the opportunity funds such as suntan, Hot tub, and massage parlors, Golf courses gambling facilities, and liquor stores among others.
How can you find qualified opportunity fund real estate zones?
Opportunity zones are widely available currently in all 50 states in the united states of America, with Washington dc and five other U.S territories also being inclusive.
TO get an in-depth view of all states and their respected opportunity zones, you can simply visit the U.S Department of territory website in order to get the current up to date listings as well as insight on the benefits of the opportunities that come with this programs.