Monday, March 18, 2019
Kansas City Opportunity Zones: Big Money Government Giveaway Or Speculator Trap?!?!
The biz journal is hyping this investment touted by the Feds . . . Whilst this might put many on a path to riches by way of government freebies, these sketchy deals have also put more than a few local investment deals behind bars.
Check the headline and a link to more info for subscribers . . .
KC Biz Journal: Real estate investors expected to unlock trillions as feds finalize Opportunity Zone rules. Here's where the money is likely to flow in Kansas City
"Kansas has had 74 tracts approved, and Missouri 161.There are five zones in Kansas City — three east of Troost Avenue, one in Martin City and one in the Blue River Valley industrial corridor.
"The new rules are expected to trigger a flood of deal making among commercial property investors, particularly landlords with properties that have appreciated significantly in value over years, if not decades."
Developing . . .