599: The Investing “Cheat Code” of Opportunity Zone Rentals 01:12:11

    <p><a href="https://www.biggerpockets.com/blog/opportunity-zones-tax-savings"><strong>Opportunity zone investing</strong></a> 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 <strong>tax-savvy investors started to pay attention</strong>. 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<strong> tax reduction</strong>.</p><p>Someone who does know about opportunity zone investing is <strong>King Malaki Sims</strong>—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 <strong>the best real estate “cheat code”</strong> out there. Through his simple strategy, Malaki has been able to not only <strong>defer taxes</strong> but in some cases, eliminate them entirely, just through simple,<strong> smart </strong><a href="https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide"><strong>real estate investing</strong></a>.</p><p>Malaki shares how even a novice real estate investor can <strong>find, fund, finish, and furnish an opportunity zone rental property</strong> all while keeping Uncle Sam away from their hard-earned profits. If you want to build wealth without having to worry about <a href="https://www.biggerpockets.com/blog/1031-exchange">1031</a>-ing your properties, Malaki is the man to listen to.</p><p><strong>In This Episode We Cover:</strong></p><p><strong>Opportunity zones explained </strong>and how new investors can start investing in them</p><p><strong>Where to find opportunity zones </strong>in your local area (no matter where you live!)</p><p>Funding opportunity zone investments with <strong>little to </strong><a href="https://www.biggerpockets.com/blog/real-estate-investing-no-down-payment-loans"><strong>no money down</strong></a><strong> </strong></p><p>The biggest <strong>opportunity zone myths </strong>that scare away investors far too early</p><p><strong>Depreciation, bonus </strong><a href="https://www.biggerpockets.com/blog/beginners-guide-depreciating-investment"><strong>depreciation</strong></a><strong>, and tax-deferral strategies</strong> you can take advantage of</p><p>How <strong>crypto</strong>, stock, and other investors can <strong>invest in real estate tax-free </strong></p><p>And <strong>So </strong>Much More!</p><p><strong>Links from the Show:</strong></p><p><a href="https://www.biggerpockets.com/">BiggerPockets Website</a></p><p><a href="https://store.biggerpockets.com/">BiggerPockets Bookstore</a></p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-569-tom-wheelwright">BiggerPockets Podcast Episode 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright</a></p><p><a href="https://www.richdad.com/">Robert Kiyosaki's Official Website</a></p><p><a href="https://www.donaldjtrump.com/">Donald Trump's Official Website</a></p><p><a href="https://opzones.ca.gov/">California Opportunity Zone Website</a></p><p><a href="https://www.investopedia.com/terms/c/cryptocurrency.asp">Cryptocurrency</a></p><p><a href="https://www.tiktok.com/@robuilto">Rob’s TikTok Profile</a></p><p><a href="https://instagram.com/robuilt">Rob’s Instagram</a></p><p><a href="https://www.youtube.com/c/Robuilt/">Rob’s Youtube Channel</a></p><p><a href="https://www.instagram.com/davidgreene24/">David’s Instagram</a></p><p><a href="https://www.tiktok.com/@davidgreeneteam">David’s Tiktok Profile</a></p><p><strong>Connect with King Malaki:</strong></p><p><a href="https://www.instagram.com/thekingmalaki/">King Malaki's Instagram</a></p><p><a href="https://www.clubhouse.com/@thekingmalaki">King Malaki's Clubhouse</a></p><p><br></p><p>Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-599</p>
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