What are Qualified Opportunity Zones? with Ray DeSantis of Redbrick LMD (Ep. 34)
Are you facing a significant capital gain but looking for ways to potentially reduce the tax burden? Tune into this episode to learn about a bipartisan initiative that aims to stimulate economic growth in distressed communities and provide tax incentives to investors that meet certain requirements.
In this intriguing episode, host Jim McGovern invites Ray DeSantis, Managing Director of Capital Markets at Redbrick LMD, to unpack the growing significance of Qualified Opportunity Zones, or QOZs. With nearly 25 years of financial industry experience, Ray provides invaluable insights into how these zones are not only transforming distressed communities but also offering unique tax incentives for investors that meet certain requirements.
Throughout this episode, Jim and Ray discuss:
- The essentials and origins of Qualified Opportunity Zones
- Why they may be attractive for those eyeing significant capital gains, but also have a long-term horizon, a desire to invest in real estate, and low liquidity needs
- Discover the dual benefits (tax incentives and positive community impact) of investing in QOZs
- Gain insights into why some real estate investors are ditching the 1031 exchange cycle in favor of QOZs
- And more!
Resources:
Connect with McGovern Wealth Group:
- jmcgovern@mcgovernwealth.com
- info@mcgovernwealth.com
- Schedule A Meeting
- McGovern Wealth Group
- LinkedIn: Jim McGovern
- Facebook: Jim McGovern
Connect with Ray DeSantis:
About Our Guest:
Ray DeSantis is the Managing Director of Capital Markets at Redbrick LMD, where he leads investor relations and capital-raising efforts. Prior to Redbrick, he served as Vice President at the CIM Group, focusing on Registered Investment Advisors (RIAs) and Family Offices. He also has experience raising capital for Resources Real Estate’s non-traded REIT and Limited Partnerships. Ray holds an MBA from Bryant University and a degree from Saint Anselm’s College. His expertise spans capital markets, real estate, and tax-advantaged investment opportunities like Qualified Opportunity Zones.
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