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Updated about 3 years ago on . Most recent reply
Rental properties for a few years?
Hi, I am looking to move to Texas for a few years and want to finally start buying and renting out property there. Only thing, I plan to only be there tops 5 years. Is it worth buying and renting out property for that short of a time?
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Bjorn Ahlblad
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
Pro Member
#5 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
@Olivia Gulledge welcome to BP. Five years is fine. In fact, some investors recommend exit after five..............I have no idea why. I hold longer but that's just me. You can also live in the rental for the first two years and save on the Capital Gains tax. Best to get a CPA to guide you.