BiggerPockets Real Estate Podcast

599: The Investing “Cheat Code” of Opportunity Zone Rentals

04.21.2022 - By BiggerPocketsPlay

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Opportunity zone investing hasn’t always been around for real estate investors to take advantage of. But as the government began upping the incentives around this type of real estate investing, more tax-savvy investors started to pay attention. You may have heard of opportunity zones before, but you probably don’t know how much of a heavy hitter they are in the realm of tax reduction.

Someone who does know about opportunity zone investing is King Malaki Sims—CPA and avid real estate investor. He’s been buying and building homes in opportunity zones for years and makes the case that this type of investing truly is the best real estate “cheat code” out there. Through his simple strategy, Malaki has been able to not only defer taxes but in some cases, eliminate them entirely, just through simple, smart real estate investing.

Malaki shares how even a novice real estate investor can find, fund, finish, and furnish an opportunity zone rental property all while keeping Uncle Sam away from their hard-earned profits. If you want to build wealth without having to worry about 1031-ing your properties, Malaki is the man to listen to.

In This Episode We Cover:

Opportunity zones explained and how new investors can start investing in them

Where to find opportunity zones in your local area (no matter where you live!)

Funding opportunity zone investments with little to no money down 

The biggest opportunity zone myths that scare away investors far too early

Depreciation, bonus depreciation, and tax-deferral strategies you can take advantage of

How crypto, stock, and other investors can invest in real estate tax-free 

And So Much More!

Links from the Show:

BiggerPockets Website

BiggerPockets Bookstore

BiggerPockets Forums

BiggerPockets Podcast Episode 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright

Robert Kiyosaki's Official Website

Donald Trump's Official Website

California Opportunity Zone Website

Cryptocurrency

Rob’s TikTok Profile

Rob’s Instagram

Rob’s Youtube Channel

David’s Instagram

David’s Tiktok Profile

Connect with King Malaki:

King Malaki's Instagram

King Malaki's Clubhouse

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-599

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