OK, I admit, HB 8 is a bit tricky. I have read it, have you? One of the problems with real estate investors is we get all excited about legislation every two years, and then we realize there will be a solution and we calm down. A lot of you are wondering how this type of bill could sneak up on us. Here is the surprise, it didn't!
Real Estate Investors do not have a lobbying presence in Austin, and have very little of a presence in Washington, DC. The fact of the matter is, we are all too cheap! We are not willing to spend the money it takes to protect our livelihood.
Over the past ten years, I have seen numerous organizations and groups start up, and attempt to “protect the industry”. They have all faltered because the industry would not support them. Until there is a central organization in Texas to protect us, this issue will pop up like wildfire every two years.
We are having a webinar on Monday, at 6:00 PM CST to explain HB 8, the implications, and how you need to prepare. Do your self a favor, and read the bill before the webinar.
Here is the link to read the bill: http://e-lobbyist.com/gaits/text/298034
Here is the link to register for the webinar: https://www3.gotomeeting.com/register/446744670