6. You are considering buying the house next to your home, in order to fix it up...
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6. You are considering buying the house next to your home, in order to fix it up and sell it to make a profit.
You estimate that you will need to invest about
$5,000 to make necessary repairs and upgrades. After these improvements, you should be able to sell it for $185,000. If the general guideline for flipping is to buy at least 20% below the market value, what is the most you should be willing to pay for the home? (LO 15-4)
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Related Book For
Personal Finance Building Your Future
ISBN: 9780077861728
2nd Edition
Authors: Robert Walker, Kristy Walker
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