Cashing In On Opportunity Zones
Two words make up one of the hottest topics today, but especially in the world of real estate: Opportunity Zones. This federal program will enable investors to reinvest their capital gains with a reduced tax liability. Seventy-five municipalities in the State of New Jersey received at least one Opportunity Zone, with the top three cities being Newark (13), Jersey City (11), Paterson (8) and Hackensack (3). Opportunity Zones in Newark and Jersey City were rated among the top 50 Opportunity Zones for growth potential in the United States. Join us as we discuss the ‘opportunities’ for the long-term investments and discover tips on how to navigate the legal and tax landscape when investing in these zones.