💰 Where’s the Money? Houston Housing Authority’s Failure to Collect $2.7M in Developer Fees

By: Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 14/08/2024

Let’s talk about a big issue that’s been brewing in Houston’s housing market. The Houston Housing Authority (HHA) has a controversial tax break program designed to support affordable housing, and while it’s brought in over $50 million from developers, the HHA has failed to collect an additional $2.7 million that was supposed to help fund affordable housing projects. 😟

Bill Rapp, Commercial Mortgage Broker

📢 How to Do a 1031 Exchange 🏢💼

By: Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 22/07/2024

Looking to reduce or eliminate taxes on the sale of business or investment real estate? A 1031 exchange might be your answer! By selling one property and purchasing a “like-kind” property within 180 days, you can avoid capital gains tax, depreciation recapture tax, and even sales tax. Let's dive into how it works and the benefits it offers. 🌟🔄 #TaxBenefits #RealEstate

Bill Rapp, Commercial Mortgage Broker