Snapshot · BiggerPockets Real Estate Podcast
Ohio Opportunity Zone investors can claim a state-level tax credit equal to 10% of the purchase price plus renovation costs, adding significant savings on top of federal benefits.
Where this was said
At 33:30 · chapter starts 32:31
The warehouse deal isn't just a cash flow story — it's a tax play. The property sits in a federally designated Opportunity Zone, a program created in 2017 under the first round of Trump tax cuts to incentivize investment in economically distressed areas [1] — Remington Lyman "By placing his commercial warehouse in a designated Opportunity Zone and holding for 10 years, Remington will owe zero federal capital gain…" 32:31 . The headline benefit: hold the investment for 10 years and the capital gains tax on any appreciation is completely forgiven at the federal level. Ohio adds another layer — a state tax credit equal to 10% of the purchase price plus renovation costs [2] — Remington Lyman "State-level tax credit: 10% of purchase + reno costs: Ohio Opportunity Zone investors can claim a state-level tax credit equal to 10% of th…" 33:30 . Remington is candid that he didn't know about all these advantages when he started and estimates he left hundreds of thousands of dollars in savings on the table as a result. His advice: get a good CPA, get a good attorney, and aggressively ask what tax benefits you might be missing.
By placing his commercial warehouse in a designated Opportunity Zone and holding for 10 years, Remington will owe zero federal capital gains tax when he sells. Ohio also offers a state-level tax credit of 10% of purchase and renovation costs — benefits he didn't fully capture early on, costing him hundreds of thousands.
Short-term rentals are overregulated and management-heavy; long-term rentals are safer but lower yield. Medium-term rentals — 1 month to 1 year — hit the sweet spot: traveling nurses, contractors, and students pay 50-100% more than traditional tenants, with far less turnover than STRs.
Sam built Algrow from zero to $14,000 in monthly revenue within just six months of shipping his first MVP.
Algrow reached over 10,000 users in roughly six months, driven almost entirely by organic Discord community growth.
Sam acquired his first 400 users entirely through Discord communities, without paid advertising or traditional outreach.
Algrow added exactly 480 new paying customers in its most recent month, demonstrating strong ongoing growth.
Sam's Stripe dashboard showed over £10,000 in revenue in the last four weeks, equivalent to roughly $13,000–$14,000 USD.
Sam gave all early users free access so they could show the tool to friends, turning them into live demos and advocates who helped the product spread virally.
By silently screen-sharing his tool in Discord voice chats rather than posting links, Sam attracted curiosity without violating no-self-promo server rules.
Before building Algrow, Sam and two friends made over $10,000 in revenue through affiliate marketing for RizzApp by posting faceless texting story content.
Daily content drives traffic to a waitlist landing page; those email subscribers become your first 100 customers because they already trust you and want to solve the pain you address.
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