Quote:
Originally Posted by slapass
51k to 165k 12/2007 to let’s say 12/2018. Rented for $1200/ month which I took home about $600/month after expenses.
300% increase in value. With 14% annual cash return waiting to get there. Being the last one, this has the largest gain. I started selling when prices doubled. Stock market probably did close to this. Not saying I picked the absolute best vehicle but I did take adsvsntsge of the downturn.
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right on, not criticizing at all, I couldn't do what you did, manage all those properties. As I understand it, housing gains over the last ~10 years have been 30%, with the average holding period being ~ 8 years thus the ~3.5% annual growth. I know here in Los Angeles we've only had ~ 50% gain. except in luxury homes, which never really went down in price here anyway.
but certainly, congrats. I don't have experience flipping homes so I can't really say when's the right time to get out, other than before the crash.