Rob Luna

Probably don't want to do that.

Or you can roll it into this Opportunity Zone Fund, kind of like a 1031 exchange, but you don't pay taxes on that money that you made that 900 grand.

The other cool thing is

When you put it into this fund, if you hold it for 10 years, now you, let's say, have a million dollars that goes into this Opportunity Zone fund.

That grows to $3 million.

That $2 million, if you hold it for 10 years, is tax-free.

You never pay $1 on it.

You put it into a fund or you buy real estate?

So you're buying real estate, but it has to be structured a certain way.

You can do it as an individual.

We do it for clients.

You set up an LLC that's structured to meet all the requirements.

But for a lot of people, if it's a smaller amount or they don't want to deal with that, there's companies that structure those funds out there for you.

So you can invest in alongside other institutions and still get that same benefit.

The difference there is you don't have as much control over doing that.

So this is something that's come back that was gone in 2022 that you're starting to see people now.

So two things, if you're a real estate investor, again, to your question, should I invest in real estate?

Now it's more attractive, especially if you do that than it was before in terms of investing in real estate.

Louis, Chicago?

Memphis, maybe.