Texas Taxes

[Mykeesha Taylor]

I've been researching and reading forums and other people's stories. I've read that high property taxes in Texas makes it virtually impossible to realize positive cash flow. Is that a true statement? What strategies should I use to insure positive cash flow despite high property taxes? 

[Danny Day]

Here is a deal I looked at today

• $80k list price
• $10k repairs
• $105k ARV
• $1300 / mo rent
  
  • $225 / mo taxes
  • $85 / mo insurance
  • $22 / mo HOA
• $627 total monthly expenses
• $673 monthly cash flow, after 50% rule you're at $336 per month

and this was a deal I found the MLS.