Rob Luna

So instead of having to...

let's say depreciate a building over 30 something years, right?

There's a big percentage of that now that could be taken in year one.

And so that'll dollar for dollar help lower your income.

So it makes investing in real estate more attractive now.

So if you're starting to make some money, you're going to be able to lower your tax basis.

So you get to buy an asset, not pay as much to the government.

That's one thing.

What I also like about in terms of how do we create and incentivize

people to do more, build the economy, there's something called opportunity zones, where if you go to disadvantaged areas, pretty much in any state where there's not a lot of economic growth out there, and you invest in qualified opportunity zone funds, which there's companies like Cantor Fitzgerald that are out there that put them together.

I think Blackstone will probably create them next year.

Now that this is back, they can make some money off of it.

If you want to do it yourself, you can set up your own LLC.

If you buy in those areas and you invest money into those properties, two things that are really cool.

You can roll capital gains into here, meaning let's say you bought a property ten years ago for

100,000.

Now it's worth a million in Tennessee.

That's happened, right?

You've got 900,000 in gains.

You could pay taxes to the IRS on that if you want.