How long I should pay the mortgage to break even when selling? (is 2 years enough)
How long should you stay in the house?
three to five years
Ideally, you should stay in a home for at least three to five years to break even on your mortgage.
How do you avoid capital gains tax when selling a house?
How Do I Avoid Paying Taxes When I Sell My House?
- Offset your capital gains with capital losses. …
- Consider using the IRS primary residence exclusion. …
- Also, under a 1031 exchange, you can roll the proceeds from the sale of a rental or investment property into a like investment within 180 days.