Some reasons why there's not a lot of houses that are 3 story or higher in some parts of the US. It also depends on the area of the country you live in, the elevation of the area and building regulations. I live in Colorado we are higher in elevations, a lot of these houses here are built with basements, two levels and some are 3 to 4 levels high. Areas with low elevations like Florida and some parts of Texas are closer / right around sea level, they generally are built with one level/ two with no basement. Congratulations on your new home! Texas doesn't have state taxes, so property taxes are higher. But in the end, it evens itself out.
Property’s tax in Texas is a bit high, but house prices is good.
@CamboXchange Жыл бұрын
property tax in TX is expensive bcoz TX no state tax. Some state the property tax is low but they have state tax, so it's ofset to those tax. The same for OR no sale tax but other tax is expensive
@lowprofile3254 Жыл бұрын
@@CamboXchange right, that’s a good point. It’s good to have a high income with less expensive house in Texas 😂
if i buy it as rental it has a negative cash flow of $1200 rent only $1900 but mortgage $3000 plus🤔
@CamboXchange Жыл бұрын
interest rate now went crazy :( absolutely $3k+ and some people have moved to apartment to save some money; house in this area before can rent for $2k+ but now it's hard
@CamboXchange Жыл бұрын
I hope next 3-4year I can buy other house and use this one for investment 🙏 thanks for your greate advise and I keen to follow 🙏🙏🙏
if you bought home with 15 years mortgage or 30 years mortgage 15 years mortgage equal 180 payment 30 years mortgage equal 360 payment the first 5 years try to pay down the principle you will save alot on interest the less principle you still owed to mortgage company the less interest you paid 👍
@CamboXchange Жыл бұрын
yes, absolutely - thanks and thanks again for always sharing great advise :)