New to Dallas Real Estate

[Viviana Villegas]

Hello! I am new here and I am looking at investing in real estate for the first time in Dallas, TX. Since we don’t have much cash, we are looking to rent our current home and buy a new home as owner occupied, that we then hope to rent in a year and build our portfolio from there... homes in East Dallas sell for about 250K and rent for about 1,800-1,950 depending on the size... any advice on whether this price range is worth it? My profit seems to be very minimal when I run the numbers and calculating for expenses. Any advice for a newbie would be appreciated!