Does the 50% rule apply in Texas?

[Leigh Ann Smith]

Property taxes run about 2.8% in the Houston TX area.    So, for a $100,000 house, that's $2800/year or $233/month.  Do you just throw out the 50% rule in areas like this?

And don't get me started on flood insurance....

[Andres Jaramillo]

Hi @Leigh Ann Smith ,

The 50% does work in some scenarios, but I will always recommend breaking it all down. It just always looks better and gives you a much better idea if you know exactly how much everything is. It never hurst to over analyze a deal than under analyze.

Good luck,

Andres J.