How much do you subtract from your net worth for transaction cost
How much as a percentage of asset value do you subtract to come up with your true net worth assuming any real estate sold will be 1031 exchanged? I know this number will vary by state, property type, and for various other reasons, but I am wondering what a good average percentage would be in the single family and condo space so that I can have a more realistic net worth picture on my mint.com account.
I know this is somewhat trivial because cash flow is more important to me in the end, but I want to have a healthy picture of my financial well-being and future.
Another question I wonder about is how you factor taxes into it if at all?