No, the whole purpose of OP Zone is to upgrade properties, not buy ones already rehabbed.
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Can I purchase an OZ property that has been rehabbed?
I have set up a partnership for my qualified opportunity zone fund. Can I purchase an OZ property that has already been rehabbed by the seller, but has never been rented, yet? Would I be exempt from investing 100% of the purchase price in substantial improvements within a 30-month window?
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