California has more Opportunity Zones than any other state. More than three million Californians live in some 879 federally designated Opportunity Zones in disadvantaged communities throughout the state. This is a great time for socially conscious investors to make a difference in lives while gaining returns on their investments.
Investors are constantly looking for ways to maximize their returns. When investing in Opportunity Zones, investors are able to defer capital gains taxes by investing in qualified opportunity funds. As humans, we tend to look for purpose in our lives. Opportunity Zones offer a way to impact communities and contribute to economic growth in the neighborhoods.
Here are a few ways to make an impact on peoples lives through real estate: purchase buildings or land that contributes to affordable housing, housing for the homeless or special needs, medical offices building, etc. If purchasing is not within your purview or interests, other ways to impact communities is to invest in trust deeds that contribute to the development and economic improvement of neighborhoods
If you would like to learn more or are interested in impact investments and that can enrich communities, feel free to contact us with any questions at no obligation. (714) 657-3853 or click here for an appointment.
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Additional reference: Forbes