Why Everyone Else BUT YOU Gets Rich When You Sell Your Home

Contrary to popular belief, a home purchase is NOT always a wise investment. In fact, in most cases buying a starter home actually sets you BACK rather than giving you leverage towards your future permanent home. In this video we explore how to calculate breakeven on a home purchase and how long you need to hold onto your home before selling in order to make a profit.

Link to the spreadsheet model: https://docs.google.com/spreadsheets/d/1NAUdnxGptq065-dp-yMQc9goZfb6d6XFQVmHVF1FmjU/edit?usp=sharing

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Eric Amzalag, CFP®, RICP®

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Disclaimer: Please consult with your own tax, legal and financial advisors for personalized advice.