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All Forum Posts by: Olivia Lui

Olivia Lui has started 5 posts and replied 13 times.

Hey everyone, looking to invest in my first OOS property...I looked up tax history and it says the home has (or had at least in 2020) a homestead exemption - my general understanding of homesteads is that tax payments are reduced by a certain amount for a certain period of time...can someone shed more light for me? I assume the exemption will expire at some point...any help is appreciated, thanks!

Post: Data to consider when deciding to invest out of state

Olivia LuiPosted
  • Investor
  • Posts 13
  • Votes 6
Originally posted by @Joe Funari:

@Olivia Lui I would caution you on not over analyzing all the data your looking for. What I would recommend is look for a market that low cost of entry for a 3/2/2 (3 bed, 2 bath, 2 car garage). Which is what I recommend to my fellow investor clients to start with a LTR property. They are the most common build and tend to rent quickly. Here in the Dallas/Ft. Worth area the average days on market for a 3/2/2 rental is 17 days. Thus, short days on market for a rental equals low holding costs. The numbers you should focus on is the purchase price of a property + what the expected monthly rent incomes for the same property. A fellow investor/Realtor can pull these numbers for you. Also, they can run a demographic report very easily for subject property for you that will have all the details your looking for. But I have been an investor for many years and love investing in the Dallas/Ft. Worth area. So add this area to your search. 

Thanks Joe for the comments. That's my downfall...I overthink it too much and then find so many reasons to not jump into it. I was actually interested in looking into Dallas LTRs...I'll DM you.

Post: Data to consider when deciding to invest out of state

Olivia LuiPosted
  • Investor
  • Posts 13
  • Votes 6

Looking to invest out of state (LTR)….how do you go about finding data on the city, the only thing I can think of is census data…I’m looking for employment data, household income, job growth, things of that nature to help decide if it’s a city worth investing in…any other deciding factors to look into?? Thanks in advance!!