If you are facing capital gains taxes, remember there’s still time to invest in Qualified Opportunity Zones. In fact, the IRS has extended a critical deadline for investments into Opportunity Zone funds hoping to entice investors to act. In this podcast, Mark Elliott – the Founder and Managing Partner at the South Carolina Opportunity Fund – talks about his fund strategy, the projects his group is working on, and why investors should consider South Carolina as an investment destination.
The SC Opportunity Fund is focused on investing in high-quality opportunity zone real estate in South Carolina with long-term growth potential by taking a simple, low-cost approach to finding unique and exciting opportunities for investors.
What’s interesting about the points Mr. Elliott makes on this podcast is that while coronavirus has certainly become a factor in the real estate and opportunity zones investment space, his company has been able to pivot themselves into re-thinking and re-developing their investment strategies in order to move projects forward. That’s a huge factor for success, especially when you’re dealing with issues specific to opportunity zones such as gentrification, incentives, and overall construction to bring things to code. And it doesn’t happen in a vacuum. This podcast illustrates once again how important it is to make friends with industry professionals, municipalities and government agencies! Don’t be paralyzed by fears in the market – take some action today if you’re looking to defer your capital gains exposure!
ABOUT OUR GUEST: Mark Elliott
Mark Elliott is a managing partner at SC Opportunity Fund with over 15 years of real estate investment experience. Focusing on Opportunity Zones, he is working with developers, investors, municipalities, other funds and property owners. Mark has done a range of deals from single-family homes to large mixed-use developments and everything in between. His education, credentials, professional affiliations, and special training are as follows:
- Bachelor’s of Science degree in Business at Stevenson University
- Toyota- Kaizen Coach
- Green Belt in Six-Sigma
- Greenville Chamber of Commerce
- Founder of Opportunity Zone Fund Managers Group
- Founder of Real Estate Investors Roundtable Group
- Upstate Carolina Real Estate Investors Association
- Council of Development Finance Agencies (CDFA)
- Greenville Young Executive Board Member
- Clemson University MBA Mentor
- Greenville Pulse Pacesetters Board
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