Discover The Benefits Of Opportunity Zone Funds with Mike Hardy

Dec 26, 2022

Mike Hardy is a true renaissance man – he’s an Ironman, student pilot, real estate investor, sought-after speaker, leadership expert, fund manager, and a business coach for a mortgage and real estate professionals. He has spoken at national conferences and events such as Todd Duncan’s High Trust Sales Mastery, with an audience of over 30,000 people, and has been quoted on Fox Business News and interviewed by USA Today.

 

Mike is an authority in the real estate and mortgage business, often sought out for his unique insights into such issues as the comparison between the 2007 and 2022 housing markets. He is currently the Managing Partner of California & Nevada business for Churchill Mortgage, leading a top 1% nationwide $100 million origination team, and overseeing 30 employees managing $500 million. His teams help more than 1,200 families annually with a purchase or refinance. 

 

As the Principal and Co-Founder of CYRUS Opportunity Zone Fund, Mike lends his expertise to helping investors harness the power of tax-free investing through OZs. CYRUS was launched in 2019 and is currently working towards developing 100+ cash-flowing units in addition to multiple fix and flip projects.

 

Mike is a husband of 25 years, a father of four, and is actively involved in philanthropic efforts throughout his Southern California community. He loves using his experience to add value to people's lives through speaking, coaching, and mentorship.

 

In this episode, Mike provides insight into the world of opportunity zones and how they can be used to save money on taxes while still being able to invest. He shares details on his own fund creation, which helps investors save money on taxes while still being able to invest. To learn more about Mike and his work, listeners can visit Cyrus Opportunity Zone Fund!

 

[00:01 - 02:23] Uncovering The Best Kept Tax Strategy Secret

• Mike is an investor and entrepreneur who has never had a real job in his life
• He shares his expertise in financial advising, real estate investing, and fix-and-flip projects
• How he discovered the fascinating world of opportunity zones a couple of years ago and set up a fund 

 

[02:24 - 18:14] Discover The Benefits Of Opportunity Zone Funds

• Opportunity zones are considered the best-kept tax strategy or secret that you’ve never heard of
• Opportunity zone strategy is an efficient strategic way to defer capital gains tax until 2026
• This offers the potential of ROTH IRA-type tax-free distribution of all growth inside of the fund
• Money can be loaned against the fund to pay taxes
• Investment into a qualified opportunity fund is tax-free if held for 10 years
• Accredited investors with a minimum contribution of $100, 000 can take advantage of this strategy

[18:15 - 18:32] Closing Segment

• Mike emphasizes that opportunity zone projects are not common in certain areas, this is created to help people build wealth in a more efficient fashion  
• To learn more about Mike and his work, listeners can visit Cyrus Opportunity Zone Fund!

 

Tweetable Quotes:

“If you have, and you push only the gains portion into the opportunity fund... So, it's only capital gains that have this preferred tax treatment.” – Mike Hardy

 

“The opportunity zone is super unique and I've heard it categorized as the best-kept tax strategy or secret that you've never heard of.” – Mike Hardy

 

You can connect with Mike through his:

Website: Cyrus Opportunity Zone Fund

LinkedIn: Mike Hardy

 

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