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You are considering two foreclosed houses as a potential investment opportunity. House A is listed at $ 3 2 5 , 0 0 0 ,

You are considering two foreclosed houses as a potential investment opportunity. House A is listed at $325,000, will require $15,000 in attorney fees for a clean title, and $2,500 a month in repairs.House B is listed at $355,000, has a clean title, and will need $750 a month in repairs. Assumin you can obtain a loan for 90% of the purchase price at 6% interest and that both houses could equally sell for $500,000 in one-year, which house should you purchase if you desire a 15% return and how much more does that investment net? Show all work please !!!

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