All Forum Posts by: Liz Power

Trying to get into the rental property world, and I'm nervous. I live in Orange Co CA...I'm having a hard time figuring out a strategy that 1) I can afford and 2) actually yields income. With higher real estate costs and many places having super high HOA fees, the numbers just aren't working. I'm considering out of state, but know that is hard too. Is there a good market within driving distance of Orange Co where deals can be found?

@Shayne Hickey we were recently looking at Richardson.  I just can’t get the numbers to work anywhere in DFW.  I’m a newbie, so I haven’t purchased our first rental.  With high property tax rates, every property that I have played around with is either negative yield or just breaking even.  What’s the trick to TX real estate with the property tax!?  I lived in Grapevine for 10 years....moved to CA 4 yrs ago.  Like the idea of TX because we know the area and home prices are still reasonable in comparison with CA.  Any insight would be so appreciated.