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Fund Name Northwest Indiana Opportunity Zone Fund
Fund Manager or Organizer(s) Blackhall Corporation
Fund Size $10,000,000
Fund-Related Website nwi-oz.com
Investment Focus
Affordable Housing, Community Revitalization, Economic Development, Workforce Housing
Geographic Focus
Indiana
Additional Fund Details

The most basic economic drivers of the Northern Indiana Opportunity Zone Fund:

1. Deferral of Capital Gains Taxes via the Opportunity Zone provisions (up to 7 years deferral and 15% discount).
2. Acquire Houses and Small Apartment buildings cheap via the purchase of Tax liens at the annual Tax sale (we have an option on the first 35 houses and we can buy 200 to 500 more per year at the sale).
3. Renovate those houses.
4. Rent them. The management team has a track record of successfully managing similar projects.
5. Reinvest profits and refinance proceeds to avoid ordinary Income taxes and maximize Capital Gains per the Opportunity Zone provisions.
6. At the end of the 10-year holding period prescribed by the Opportunity Zone provisions liquidate the portfolio tax-free.
The Investors will benefit in the following ways:
• We project annual cash returns in excess of 20% per year IRR.
• Appreciation and Capital Gains realized in year 11.
• Contributing to the economic revitalization of the Rust Belt cities along the south shore of Lake Michigan.
• Providing high-quality Affordable Housing.

Organization Details

I started investing in Tax Liens in Indiana in the Spring of 2016. At that time LaPorte county had a glut of liens for sale as a result of not having had a tax sale for 10 years. At that first sale we bought 15 liens. Later that year we bought another 35 at the tax sale in Lake county.

Tax Lien investing lets us buy multiple houses (in 2017 we bought 105 parcels) in a brief period of time (3 days) for absolutely the minimum amount of money. Over half of our purchases are $500 or less. While there is subsequently additional expense to go to title (about $2,000 per house) there is no cheaper property acquisition method.

Fund Contact
Name Mark Reynolds
Job Title President
Phone (773) 294-0603
Email mark@blackhallpartners.com

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