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.
Join BiggerPockets for FREE:
Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate:
Grab The Book on Advanced Tax Strategies:
Use the BiggerPockets Rent Estimator and Network with Other Investors Through Forums:
The 20 Best Performing Opportunity Zones for Real Estate Investors:
Explore Opportunity Zones in Your Area:
Follow Malaki on Instagram:
Connect with Rob (Roubilt) on Youtube, Instagram, and Tiktok:
Connect with David and Rob on BiggerPockets:
Follow David on Instagram:
Show notes at:
00: 00 Intro
03: 33 Quick Tip
05: 42 Build-to-Rent and Construction Financing
13: 35 Opportunity Zone Investing
20: 25 Where to Find (and Fund) Opportunity Zone Investments
27: 18 The Opportunity Zone “Basis”
30: 49 Deal Deep Dive
35: 48 Investing and Improving the Community
39: 41 Opportunity Zone Myths
47: 53 Accidentally Investing in Opportunity Zones
48: 55 Depreciation and The Tax-Deduction Trifecta
56: 55 Fire Round
59: 49 Famous Four
What Helps With Depression?
It is a fantastic way to combat depression. This is the most effective way to get rid of depression. Talking to someone you trust about your situation is the first step. You can also record your feelings. If these methods don’t aid, you may want to consider visiting a Psychiatrist.
Learn about depression
If you are worried about your mental health, it could be beneficial to find out more about depression. Many people suffer from major depressive episodes at some time in their lives. This condition affects the physical emotional, mental, and spiritual dimensions of a person’s life. Despite the typical symptoms depression can be overcome and a happier legacy is left for the next generation.
The first step is to recognize the signs and symptoms of depression. It is important to seek professional help if you suspect that you or someone you love is suffering from depression. This could be a mental health professional or medical doctor. If necessary, you can also call a hospital for emergency medical services. Be sure to take good care of yourself. Treatment is often the best option for treating depression.
Talk to someone about your depression
Talking to someone about your depression can help you cope with the emotions that accompany it. While it can be challenging to talk to someone you love to you, it can be very therapeutic and uplifting. However, it is important to remember that it is best to talk to someone who you trust and whose presence you can count on. In addition to your friends and family, it is a good idea to speak to a doctor or counselor who can offer support and advice.
Talking to someone experiencing depression is a good way to learn more about the person and offer help. Talking face-to-face with someone can assist them in encouraging them to express their feelings and concerns. Your presence and understanding will help the person speak up and express the feelings of his or her heart.
Keep a journal
Journals can be extremely beneficial to your mental health and wellbeing. It can be daunting when you suffer from depression. Keep journals to help cope with depression. It also helps to stop negative self-talk. It can also be used for self-care. It conveys that you are appreciated and important. This message can make you feel more confident and self-reliant.
Another reason journaling can be beneficial is that it can help you fight negative feelings. You can write positive affirmations about yourself to help you remember them later when you are feeling down. Additionally, journaling also serves as a way to keep track of your mental health journey. Journaling can help you think about important events in your life, and help you comprehend your current situation.
Consult a psychiatrist
Seeing a psychiatrist for depression is an option that can be very helpful for a person who is suffering from depression. A psychiatrist can help to determine the reason for your depression and suggest treatment options. This kind of medical professional will ask about your life and experiences to determine if you are suffering from depression. They may also inquire about your relationships. Usually, conversations with therapists are honest and open.
Before you choose a psychiatrist, investigate their credentials. You should ensure that they are licensed in your region and have the necessary education and experience, and have had prior experience treating patients suffering from depression.
Consult your physician regarding depression medication
If you are discussing the topic of depression medication with your doctor, it’s essential to set realistic expectations. It’s not realistic to expect a diagnosis in a week, but your goal should be to discover more about the condition and the best way to treat it. It is also important to be upfront about the degree of your symptoms. Your doctor should be able to provide the best treatment possible for you if you talk about your symptoms in a candid manner.
You might also ask your doctor why they have prescribed the medication. Many doctors have a “go-to” medication that they prescribe for similar symptoms. Asking your doctor why they’ve prescribed a medication is a great method to ensure that you are receiving the right treatment.