Opportunity Zones explained by Rick Martens of Inland Capital

A Strategy Guide to Retirement Planning with Terry Martine

In this episode Terry Martine sits down with Rick Martens of Inland Capital and discuss what an opportunity zone is and how it is used for investors. According to the IRS, "A Qualified Opportunity Zone (QOZ) is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the U.S. Treasury via his delegation of authority to the Internal Revenue Service (IRS)."
Isn't it interesting that the government knows that in order to revitalize an area, the easiest way is to give tax incentives? In a nutshell, the government is allowing accredited investors the opportunity to build/invest in one of these zones and get a substantial tax reduction.
This is one of the episodes where we take a deep dive into the topic. The best way to get the most out of this podcast is to listen all the way through the first time then grab a notebook and write down your questions for the second time through.
If you want inventory or questions answered about Qualified Opportunity Zone Funds, feel free to give us a call or click over to our website at https://frsinvestmentadvisors.com/
You should consult a financial adviser familiar with the specific circumstances of your unique financial situation before making any financial decisions. Nothing in this broadcast constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Terry Martine is an investment advisor representative of FRS investment advisors, a Florida investment advisory firm.