114: Opportunity Zones – Dissecting the Opportunity in O Zones, with Eddie Lorin
By Sam Marks / Johnny FD
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: Alliantstrategic.com The Fundrise Opportunity Fund 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 If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2019. All rights reserved. Read our disclaimer here.