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Updated over 9 years ago,
Time horizon for holding a rehabbed property
I've been thinking quite a bit about the issue of appropriate time horizon for holding a rehabbed multi-family property. The idea is to buy a property and rehab it, which make take anywhere from 6 to 12 months. Shortly after it's rehabbed, it becomes stabilized by achieving 100% occupancy. The question is what criteria should I go by to determine the appropriate holding period for the property? Is there a strong case for not selling the property within say, first 12 months once it becomes stabilized? Let's assume the market stayed roughly unchanged between the time of acquisition and 2 years after, so market timing is not a factor.
Thanks in advance!