Quote:
Originally Posted by asianthree
Many buy home as an investment, rent or keep empty for a year (you are not allowed to make a profit under a year that is written in your contract with developer)
If it’s a great view, or location, without rent one may gain $50,000 and up. Add in as a rental profits increased even with gain on taxes. Some including us (fourth house)have moved more than once to newer areas and homes every couple of years. Profit are rolled into next build, makes a nice investment/income every year or two.
New homes have been selling at the one year, one day mark since we started coming to TV in 2007. So nothing new or unusual.
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There are expenses during that 1 year period that must be paid. Like to prevent mold you need to run the A/C. You need the grass to be cut. The sprinkler system needs to use water. You probably need security cameras installed. Basically you have expenses. So, you are betting that the house sells at the end of the year for more than the original sale costs plus those 1 year expenses. Like ANY investment, there are risks involved.