Real Estate and Blockchain technology

For over a year now we've been hearing about Opportunity Zones and Opportunity Funds if you're an investor or contemplating investing and haven't heard about them get on board. There are over 8,700 zones across the United States, territories and the District of Columbia. 863 of which are designated zones just in Puerto Rico alone that's 98% of the island.  Below is a small synopsis of the tax benefits to an investor investing in a Qualified Opportunity Zone. For example, if you sell any kind of security like stocks, real estate, etc and you invest your gains into a Qualified Opportunity Fund within 180 days of the gain these are the benefits. Please note you must make investments into the fund no later than December 31, 2019, to realize the full tax benefits of the fund .  Investment in the fund for 5 years there is a 10% deferral on your capital gain tax Investment in the fund for 7 years there is a 15% deferral on your capital gain Investment in the fund for 1

Puerto Rico law does not prohibit or restrict a foreign person from purchasing real estate in Puerto Rico. Under Puerto Rico law, the title is referred to as fee simple and can be by a purchase and sale, gift, inheritance, exchange or by adverse possession just as the United States does. Fee simple entitles the owner to sell, transfer, mortgage, encumber, lease and/or use the property, subject to zoning regulations and recorded easements, covenants and other liens and encumbrances. Fee simple title can be acquired by a private contract between the transferor and transferee. However, if the parties wish for the transfer of title to affect third parties, the title must be transferred by a public deed executed before a notary public in PR. A certified copy of this deed is then recorded  at the Registry of Property of Puerto Rico (the “Registry.”) Parties to a real estate transaction must pay stamps and recording costs upon the execution of a deed which is to be filed in the Registry,