BizNow updates us about the opportunity zone program. When the program was announced in late 2017, Dosch Marshall Real Estate Vice President Tripp Rich received a lot of calls about the opportunity zone program, including from firms he was not familiar with.
The initial prospect of the tax exemption was so attractive and unheard of that everyone wanted in. Houston showed particular promise: The MSA has the highest concentration of assets in opportunity zones — 21.7% compared to the national average at 12.6%, according to the commercial real estate data platform Reonomy.
“Houston should attract more opportunity zone projects than any other city,” Reonomy Vice President of Marketing Sam Viskovich said. But investment interest in the program has dwindled, and Rich said the number of firms talking to him about participating has dropped.
Since our inception, we have been helping homeowners, along with improving communities in every city in which we work.
We have extensive knowledge of the business, a network of resources, and years of expertise. P2 Properties can assist homeowners with a wide variety of real estate problems. We pride ourselves on our reputation for working one-on-one with each customer to handle their situations.
With the ability to directly purchase homes and make cash offers, we can create an extremely fast and hassle-free transaction.