2 ms·
Historically, conventional wisdom has been two years to recoup the overhead. Obviously depends on market volatility, and I've no idea if there's a more accurat
by paulddraper 3y ago
Historically, conventional wisdom has been two years to recoup the overhead.
Obviously depends on market volatility, and I've no idea if there's a more accurate # now.
- zdragnar 3y agoI've heard 5-7 years, but that may be with much lower than the 20% down.
- bombcar 3y ago7 years is the usual estimate in a “neutral/slow” market because it usually costs 10% to sell (realtor fees, etc). Of course if appreciation is going up more than 10% you can profit much faster, or you have flipping techniques to avoid frictional costs (like being your own realtor).