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  • William R. Benz

What You Need to Know About Qualified Opportunity Funds (QOF)

Updated: Jan 4, 2020

In order to take advantage of the Opportunity Zone tax benefits, all funds are required to be held in an account specially established for this purpose called a Qualified Opportunity Fund.

These "funds" are legal entities that can be either an LLC / Partnership or an LLC with an S Corp. applied. If you are interested in learning more, please contact us and we can arrange to introduce you to local resources able to provide education and guidance.

This type of tax incentive has not occurred in real estate in many years. Phillipsburg, New Jersey is positioned to take advantage of the regulations and is a way of enticing investors creating community and economic development.

Much has already been written and much more is expected as the third tranche of regulations has just been released to committee for comment and review and is expected to be available to public soon.

Deadlines are important when considering Opportunity Zone investing.

It is highly recommended that you seek out the assistance of others that have experience in this type of complex regulations. There are local resources that we can put you in touch. All you need is an understanding of the constraints and requirements of the properties that can be included in the QOF, and perhaps an idea for a property. Phillipsburg Opportunity Zone Fund is looking for [properties that are in need of some repair that benefit from the increased foot traffic as a result of tourism to the area. #PhillipsburgOpportunityZone #OZ #WarrenCounty #PhillipsburgRealEstate

If this information seems remotely interesting, contact us today and we can arrange a call with a professional able to answer all of your questions.

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