Have you heard the new term? Everybody is talking about it because it’s the latest way to get a huge tax break.

​Opportunity Zones were created in the Tax Cuts and Jobs Act of 2017 (aka the Trump tax bill). If you invest in opportunity zones for a certain period of time you will not have to pay capital gains, or at least a reduced amount.
 
First you need to invest your money into qualified opportunity zone funds. From there the money is used to purchase investment property in a qualified opportunity zone. Where are the zones you ask? Throughout Los Angeles across multiple locations which allows you to invest locally and get the tax savings. 

After inventory and affordability challenges in 2018, prospective home buyers may have better chances of scoring a property this year. Affordability will remain an issue in some high-priced markets, says realtor.com® Chief Economist Danielle Hale, but overall, the national market is looking brighter for buyers who have stayed on the sidelines. Here’s why.
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More homes are for sale. For the last few years, a limited number of listings has given buyers fewer choices. But housing experts predict more robust inventory this year. “For buyers, there is going to be more inventory, so that’s a bright spot,” Hale says. “The downside of that bright spot is it might not be in their price range.” The supply of homes for sale under $300,000 may not grow significantly, but they’re also not decreasing, she adds.

I always mention in my seminars that the real estate market varies depending on location (including as micro as neighborhoods) AND price point/TIERS. Check out what's happening in our Los Angeles market in regards to tiers. The information is already "old" since it stops at January 2019 but is still useful to see what is happening overall.