m******3
发帖数: 983 | 1 Cannot afford CA properties. Have to look somewhere else.
Bidding war need to add 100K, 200K in CA. That's a whole house price in
Texas. | l******c
发帖数: 2555 | 2 if there is no appreciation, nobody interested. $1 is too expensive at some
location
【在 m******3 的大作中提到】
: Cannot afford CA properties. Have to look somewhere else.
: Bidding war need to add 100K, 200K in CA. That's a whole house price in
: Texas.
| w*********m
发帖数: 4740 | 3 very interested in. but it is too far, how to handle this?
【在 m******3 的大作中提到】
: Cannot afford CA properties. Have to look somewhere else.
: Bidding war need to add 100K, 200K in CA. That's a whole house price in
: Texas.
| m******3
发帖数: 983 | 4 In this market appreciation in Texas too.
Plus positive cash flow, for a house 180K. you can rented easily for 1400-
1700.
With 30yr mortgage, big positive cash flow. With 15yr mortgage, probably
break even. People in Texas usually have several rental properties, tenants
are paying the house for you. So after 15 year, you have the house paid off.
You will have positive retirement income from those rentals.
Of course not like CA, you get 300K appreciation on some property.
In Texas, it is slow and steady ;)
some
【在 l******c 的大作中提到】
: if there is no appreciation, nobody interested. $1 is too expensive at some
: location
| l*********1
发帖数: 936 | 5 not true.
big houses require bigger maintenance cost. Texas also has higher property
tax rate.
There is a reason that texas house prices don't go up. There is no
restriction on urban sprawl, people are only interested in by new houses
there, it is difficult to sell old one.
In addition, if you live in CA, managing a property remotely has extra cost.
It is not just that 10% fee goes to the agents, believe me.
tenants
off.
【在 m******3 的大作中提到】
: In this market appreciation in Texas too.
: Plus positive cash flow, for a house 180K. you can rented easily for 1400-
: 1700.
: With 30yr mortgage, big positive cash flow. With 15yr mortgage, probably
: break even. People in Texas usually have several rental properties, tenants
: are paying the house for you. So after 15 year, you have the house paid off.
: You will have positive retirement income from those rentals.
: Of course not like CA, you get 300K appreciation on some property.
: In Texas, it is slow and steady ;)
:
| T*********s
发帖数: 17839 | 6 Also really good house in Texas is very expensive too
Depends on location
cost.
【在 l*********1 的大作中提到】
: not true.
: big houses require bigger maintenance cost. Texas also has higher property
: tax rate.
: There is a reason that texas house prices don't go up. There is no
: restriction on urban sprawl, people are only interested in by new houses
: there, it is difficult to sell old one.
: In addition, if you live in CA, managing a property remotely has extra cost.
: It is not just that 10% fee goes to the agents, believe me.
:
: tenants
|
|
