Quote:
Originally Posted by muthisdev
Yeah, but if the housing values collapse in the W months it took for you to fix it, you're fucked.
Hi 2008!
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Not if you can afford to hold out for 3-5 years. Renting is key, even if you have to reduce rent, let it pay for itself and wait it out. It really depends on comfort levels when you sell or how long you hold. I personally will hold for a long time unless something crazy like a property doubling in value happens, sell and buy into a couple more in an up and coming neighborhood.