Start with a small step with what you can afford. We came here in 1981, bought our first 3 bedrooms home for $70,000 cash back in 1989. Sold it about five years later and bought a bigger home for $200,000 and we paid it off within the next five years. We took our early retirement and sold the house for $350,000 in 2013. We sold everything after our retirement to downsize it and bought a little townhome for traveling the world. The capital gain from the property with less than $500,000 is no taxes. Invest in property is always better than renting it if you can budget your financial properly. Cheers!
up to $250k for singles, $500k for couples- no capital gain taxes, provided you've lived in the house for at least 2 out of the past 5 years. Texas has high property taxes; but it has no State income taxes.
