Across the United States, 2020 meant many different things. For most people, it meant the stress and uncertainty of navigating a global pandemic. In the real estate industry, however, it meant navigating the many markets that defied expectations. Despite the economic and human toll of the pandemic, real estate seemed to transcend the impact — at least, in terms of residential real estate.
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For real estate investors, taxes and tax legislation are one of the most important things to keep up with. Not only are the vast tax benefits that investors can capitalize on important, but so is the local legislation that affects our individual investment markets.
Thus, we recommend that our investors, including our out-of-area investors, pay attention to stories such as this because they can have real effects on portfolio success. So pay attention, we have good news for investors with properties in Texas!