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The key in flipping is to buy property at least _________________ below market value. A- 5%...

The key in flipping is to buy property at least _________________ below market value. A- 5% B- 10% C- 15% D- 20%

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Answer #1

Answer - 20%

Reason - Flipping is a type of real estate investment in which a person or company buys the property for a low price with an intention of improving it and reselling it quickly. The 20% is an atleast cost plus profit that would a person will want to be existing which means if the market price of a property is 100000, the person will bring the property at 80000 but the repair must be less than 20000 to earn a profit as balance. If the cost of repair is itself 20000 then it's better to buy a repaired house. Thus 20% is atleast minimum below market price is the key while buying a property with an intention to improve and resell it quickly.

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