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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 college
• Persisted through the 2008 financial crisis by networking and building connections
• Began 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 areas
• Tax benefits include deferrals on gains, no capital gains after 10 years, and no depreciation recapture
• 3 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 area
• Revitalized a high-crime Dallas neighborhood by upgrading properties
• The 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 artist
• Book that gave a paradigm shift: "Shadow Divers” by Robert Kurson
• Skill/talent to learn: Flying a plane
• Success means being able to set your own schedule

Resources Mentioned

Novogradac

Connect with Barrett

Website:https://savoyequity.com/

Twitter: https://twitter.com/dallasaptgp 

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