The Daily Money: Homebuyers may not need to stay for 5 years to turn a profit

Good morning, Nathan joining you this Thursday!

As an "older millennial," I'm old enough to remember Princess Diana. Which is why I'm floored to see how much Kristen Stewart resembles her in these photos of her upcoming movie, "Spencer."

💰 The Daily Money is Paste BN's Monday-through-Friday-morning roundup of all things personal finance, business and tech. If this email was forwarded to you or if you found it online, you can subscribe for free here!

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💡 INSIGHT OF THE DAY: You've probably heard it said that homeowners need to stay in their home for three to five years to ensure they don't take a loss on closing costs, commission fees and renovations. But that's not a hard-and-fast rule. This story documents someone who sold the house she bought for $235,000 for $282,000 after one year of ownership, booking a $30,000 profit when factoring in the aforementioned costs. But keep in mind: You need to keep the house for at least 12 months before flipping it, otherwise you'll be subject to short-term capital gains taxes.

📰 And here are more stories you won't want to miss:

1. Are your credit scores different? Know when to investigate and when to leave them alone.

2. Black homeownership has suffered a setback during the pandemic: Late payments are taking a toll.

3. Breaking up or getting divorced? Here's how to remove your ex from your digital life.

4. Who asked for this? We don't know. But Flamin' Hot Mountain Dew is here anyway.

The soda has a "unique blend of spicy and classic sweet citrus flavor" of Mountain Dew, PepsiCo says in a statement.

I didn't know such a combination was even possible. And now I'm scared.

--@NathanBomey