All Forum Posts by: Juanita Blanco

As your current home is paid off, the monthly costs would be low. How much could you rent it for and what are the operating costs? Do you want to be a landlord? Do you plan on moving back into the home at some point? How long will you be working in Pearland? If you never plan on moving back, one thing to think about is how much has the home appreciated since you bought it? If you've lived in it the last 3 out of 5 years before you sell it, you don't pay capital gains. So if the house price has gone up a lot and you don't plan on moving back, you may want to rent it for 2 years and then sell it.

The other option is rent your current house and rent a house in Pearland. I can't imagine driving 2 hours to work each day. Again it depends on what your long term plan are. Buying a house to live in it for 2-3 years and selling it may or may not make sense financially.

My current home has gone up in price from $70,000 to $165,000 it is located close to chemical industries it will be rented for around $1,100 I do not plan on returning I'm 48 years old and widowed in a few years I am planning on living with one of my grown kids.

I am very new to this like you already can tell. Thank you for your advice.

0 Votes

Houston, Texas

I want advice on buying a small house in Pearland TX. As an investment of 130,000, I would like to live in and rent out my current home is paid off. the reason I pick Pearland is that I do work In Pearland now I am driving 2 hours per day to work.

Can you please give me a piece of constructive advice please on what I should do?

1 Vote

Houston, Texas

All Forum Posts by: Juanita Blanco

Juanita Blanco has started 1 posts and replied 4 times.

Post: No Income Mortgages? Understanding DSCR Lending vs Conventional Financing!

Post: Short-term rental (first property)

Post: Advice If I should buy a house as an investment? In Pearland TX

Post: Advice If I should buy a house as an investment? In Pearland TX