How long do I have to wait to sell house to make money?
I just bought a house for an investment. I was going to rent it out. It has not closed yet. I now realize I made a huge mistake because person who was going to assist me emotionally and with a few renos has no intention of doing so. How long do I have to own the house to then sell and recoup the expenses?
True enough. I was thinking a few year s too. Live and learn I guess. So much for waiting 7 years to make the actual decision.
u would do better backing out b4 closing.
u will lose ur ernest money and costs BUT it will be Cheaper than buying and turn around selling.
recoup ur money may be 5-10 yrs seriuosly.
the S/L melt down of 80′s toke many folks 10 yrs before they got back to costs.
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