Quick tips on buying investment properties in Chicago through the Opportunity Zone program:

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When advising my clients looking to purchase properties in Opportunity Zones I recommend considering the following items:

1. Know the Opportunity Zones – Make sure you understand the different types of Opportunity Zones in the Chicago area, and which ones provide the best investment opportunities.
2. Research the area – Research the area you are looking to invest in to understand the local market, economic trends, and the area’s investment potential.
3. Understand the tax implications – Make sure you understand the tax implications of investing through the Opportunity Zone program, as well as any other tax breaks that may be available.
4. Take advantage of incentives – Look for additional incentives such as credits, deductions, and exemptions that may be available for investing in Opportunity Zones.
5. Have a plan – Have a plan in place for your investment, such as how long you plan to hold the property and when you plan to sell.
6. Choose the right property – Make sure you do your due diligence on the property you are interested in to determine if it is a good fit for your investment goals.
7. Form a partnership – Consider forming a partnership with an experienced real estate investor or developer in the area to help you navigate the process.
8. Get professional help – Make sure to consult a financial advisor or real estate attorney to help.