How Much Equity have you made off of your home? (appraised, investments)

[Jamerschris]

I Bought my house in 2009 for 101K.. it's appraised at 105K. It was 125K when we bought it. but it went dowwwnn big time. so Im wondering I plan on selling it in 3 years.

I would like to sell it. and make money, and try to get atleast 20K out of it.

[manderly6]

So you would need your house to increase in value by 20% + closing costs in three years?

[thndrcloud]

If you wanted to earn 20k on a 101k investment then why on earth did you put your money in real estate in a depreciating market?

[Brandon Hoffman]

Is there a question in there? You may be able to but you'll have to wait 3 years to find out.

[Brandon Hoffman]

Originally Posted by thndrcloud

If you wanted to earn 20k on a 101k investment then why on earth did you put your money in real estate in a depreciating market?

I doubt he put much money in it. He didn't pay 101k cash, he borrowed most of it I'm sure. When you compare the money he'll get back in the long run, RE is a good investment. RE investors just need to understand you don't have liquid assets.

[Jamerschris]

Im hoping I will get a good profit 3 years from now. I have no Idea what the market will be like by then.

[mathjak107]

with less then a decade its hit and miss how any long term investment asset will do. in fact i have extended my time frame for long term investment vehicles to at least 15 years in all my investments.

15 years seems to be the historical point where financial markets and real estate are consistanly higher

[sheenie2000]

Better have a plan B in case real estate continues to decline or stays flat.

[manderly6]

I probably would have rented if I knew I was going to sell in three years.

[mathjak107]

homes are long term paybacks if at all..... they are our housing expenses and after a lifetime it may not even be at a profit. just maybe less of a loss then renting unless the renter invests elsewhere.