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Updated about 11 years ago,
Property Taxes Are So High in Austin
Hey Guys. I have been doing the numbers for rental properties here in Austin implementing the 50% rule (I know its super conservative, but so am I) and if the property taxes in Austin were lower like in other states it seems it would be easy to be cash flow positive. However with these massive taxes every year, I have no idea how the heck to do a cash flow positive deal unless I buy a property at a ridiculous deal like foreclosure.
Any suggestions???
Thanks,
Christopher