Some investors seeking to defer their capital gains tax exposure are looking at Qualified Opportunity Zone Funds that are real estate based. Some like QOF’s that concentrate on business. In this podcast, Ryan Rodney, the project developer at Riverbound and fund manager at Riverbound Development QOF, explains how his opportunity zone fund has components of both! If you’re looking for an example of what a solid opportunity zone project can do for investors, job creation, and bringing value and revitalization to a community, this podcast will be an eye-opener – and a primer on the entire process on how this unique opportunity zone project came to be.
Riverbound is a RV Park and Custom Storage Facility available for purchase or rent by the day, week, or month. The RV Park is located just 5 minutes north of Lake Havasu City in Arizona and serves as the most convenient RV Park and storage facility to park your RV, side-by-side, or boat. The RV Park allows owners to custom build to their needs, including indoor / outdoor storage and offers amenities like no other RV Park in the area: general store, laundromat, pull-through wash station and fuel station, swimming pool and spa, golf driving range, tennis court, basketball court, a kids park and a dog exercise area.
And as Mr. Rodney mentions on the podcast, they didn’t even realize the land was designated as an Opportunity Zone parcel when they first started the the rezoning and land-improvement process! Learn how with a background in investor relations and real estate development experience, Ryan transformed the site into a one-of-a-kind business AND real estate related Opportunity Zone opportunity for investors seeking to defer their capital gains taxes in a unique and operational project in an area screaming for custom storage and RV parking.
But it certainly wasn’t easy and the entire process was definitely a learning experience. Listen to the podcast as he takes you through it all in detail and you’ll learn something too! And don’t forget: there’s a December 31st deadline for investors to get their 10% step-up deferment. Don’t let that window close!
Act today! To get more information on the Riverbound Development QOF, LLC (or anything else he mentioned on this podcast), Ryan can be reached by email here, or you can visit the Riverbound website at www.riverboundcustomstorage.com. In addition, you can also view the Riverbound Development QOF project listing at the QOZ Marketplace here as well.
