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An investor plans to purchase a distressed property in order to flip it. Why does making this type of investment typically come with great risk

An investor plans to purchase a distressed property in order to flip it. Why does making this type of investment typically come with great risk for the investor?

Note: the term flip refers to the practice of buying a house in poor condition in order to repair and/or improve it, and then subsequently selling the house for more money once the repairs are completed

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