Since we're going to be buying a home in Texas within the next 90 to 120 days, I'm curious about how many of you have "homesteaded" your property and WHY you did it, if you can explain without going into too much detail about your personals. I've done some casual reading on the subject and have a rudimentary understanding of the pros and cons, but I'm curious about what the lay real estate/financially savvy folks who live in Texas actually think about it.
Part of our long term strategy out here in California involves a little real estate and I need to see if what we're doing here will work with what we want to do out there once we move.
Upsides? Downsides? Tax consequences? Know a good finance guy/gal in the Metroplex area? We already have a Realtor out there and she's been very responsive to questions, but she can't really advise. If you advise for a living, send me your contact info via PM.
Part of our long term strategy out here in California involves a little real estate and I need to see if what we're doing here will work with what we want to do out there once we move.
Upsides? Downsides? Tax consequences? Know a good finance guy/gal in the Metroplex area? We already have a Realtor out there and she's been very responsive to questions, but she can't really advise. If you advise for a living, send me your contact info via PM.