Financial Suggestion
Is this a good time to invest in real estate (fix up a home and put it on the market)?
Terry Says
Gosh –that depends on so many things, location first of all! Your personal financial situation, second. Whether you have a gain (after all investments in theproperty, assuming it is a rental) and how that impacts your tax situation And if it is your own home, and you can avoid up to $250,000 of gains ($500,000 on a joint return), where you would move, and whether you would rent from now on or buy another home, and its cost!
Basically, there is a lot of demand for houses now, and rates are low. So yes, in general, it is a “good time.” BUT if you are talking about a fix up flip, then not so good — because it’s difficult and expensive to get labor and materials to do the fix-up.
