An Expert's Guide to Opportunity Zone Investing with Barrett Linburg
Listen now
Description
Barrett Lindberg joins us to discuss opportunity zones - an innovative program that provides major tax incentives for long-term investments in low-income areas designated as opportunity zones. We explore how real estate investors can utilize opportunity zones to eliminate capital gains tax and recapture on properties by combining tax deferrals with cost segregation and bonus depreciation over long hold periods. Barrett Linburg is a co-founder of Dallas-based Savoy Equity Partners, which specializes in multifamily real estate investments. With 17 years in commercial real estate, Barrett has expertise in sourcing and capitalizing multifamily projects in all parts of a real estate cycle.  [00:00 - 06:47] Barrett’s Early Professional Journey Started in commercial mortgage brokerage for hotels and apartments after collegePersisted through the 2008 financial crisis by networking and building connectionsBegan buying and renovating multifamily properties in Dallas up to 2000 units [06:48 - 18:10] What You Need to Know About Opportunity Zones Bipartisan program to incentivize investments into low-income areasTax benefits include deferrals on gains, no capital gains after 10 years, and no depreciation recapture3 types of properties qualify - original use, vacant land, substantial renovation [18:11 - 28:37] Projects on OZ and Improving Communities Focused efforts by acquiring 20+ properties within one OZ areaRevitalized a high-crime Dallas neighborhood by upgrading propertiesThe competition status in Opportunity Zone projects [28:38 - 33:44] The Final Four: Worst Job, Book, Skill to Learn, & Definition of Success Worst job ever was being a sandwich artistBook that gave a paradigm shift: "Shadow Divers” by Robert KursonSkill/talent to learn: Flying a planeSuccess means being able to set your own schedule Resources Mentioned Novogradac Connect with Barrett Website:https://savoyequity.com/ Twitter: https://twitter.com/dallasaptgp  LEAVE A 5-STAR REVIEW by clicking this link.   WHERE CAN I LEARN MORE? Be sure to follow me on the below platforms: Subscribe to the podcast on Apple, Spotify, Google, or Stitcher. LinkedIn Youtube Exclusive Facebook Group www.yonahweiss.com None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform. Tweetable Quote: "The goalposts always move, right? And some days that’s money. Some days that’s, I just want to spend time with my family. But I think ultimately it revolves around family, being able to spend time with them and set your own schedule and do that." - Barrett Linburg Support the show
More Episodes
How can you turn personal finances into your ultimate business strategy for life freedom?This week, Teshra Robles, a financial expert with a unique approach to personal finance, shares her journey from Texas to Hawaii, and eventually to Bonners Ferry, Idaho, highlighting her passion for numbers...
Published 06/23/24
Published 06/23/24
What can you learn from a journey that takes you from a groundskeeper to a successful real estate investor?This week, Yonah welcomes Adrian Danila, a multifamily expert with an inspiring journey from a Romanian law graduate to a U.S.-based real estate investor and consultant. Adrian shares his...
Published 06/16/24