> And I didn't have to pay property taxes, insurance, real estate commissions, maintenance, repair vandalism, clean up after teen hookup parties, evict squatters, or any of my time.
And of course, had you let it sit empty the whole time, you still would have had to pay commissions, taxes, insurance, and maintenance (because an empty home goes bad very quickly).
There are very few scenarios where the appreciation at the end would be big enough to leave you with a profit after all those expenses, especially considering financing and/or opportunity costs.
And of course, had you let it sit empty the whole time, you still would have had to pay commissions, taxes, insurance, and maintenance (because an empty home goes bad very quickly).
There are very few scenarios where the appreciation at the end would be big enough to leave you with a profit after all those expenses, especially considering financing and/or opportunity costs.