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Updated over 5 years ago on . Most recent reply

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8
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1
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Ricardo Herrera
  • Rental Property Investor
  • Fontana, CA
1
Votes |
8
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Pre foreclosure and equity

Ricardo Herrera
  • Rental Property Investor
  • Fontana, CA
Posted

How long for a house to have enough equity after loan issued for it to be a deal? 5 years and over??

Most Popular Reply

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1,293
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500
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Brett Goldsmith
  • Investor
  • Los Angeles, CA
500
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1,293
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Brett Goldsmith
  • Investor
  • Los Angeles, CA
Replied

A deal is a deal, when it is a good investment. Length of ownership has nothing to do with a property being a good deal.
It's possible someone may own a house for for a few months and they need to sell it and it can still be a deal.

In general though, you are more likely to find homes with substantial equity for owners who purchased many years ago.

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