excluding taxes paying contractors insurence mortgage and the money to fix it
wheather its in a good neighborhood
is it all about wheather the house will sell or not? is that what it comes down to?
2007-04-22 10:45:11 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Yes, obviously it is whether or not the house will sell. If you can't sell it, you can never get your money back and make your profit....
2007-04-22 10:51:18 · answer #1 · answered by jameslwright2 2 · 0⤊ 0⤋
Well, no. It's not.
It's all about how FAST the house will sell at a price where you can make money after all the costs of owning it for that time.
2007-04-22 18:14:46 · answer #2 · answered by open4one 7 · 0⤊ 0⤋
The bottom line is profit....it isn't just about selling the house, but selling it to get your investment back and then some. (Like last night's show - the investor purchased a dump for $15,000, invested something like $50,000 to fix it up, then sold it for a whopping $120,000.)
Not bad for 14 days work, huh?
2007-04-22 17:49:53 · answer #3 · answered by CassandraM 6 · 0⤊ 0⤋
Thats the big thing can you afford to carry to2 house payments in case it doesn't sell.
2007-04-22 18:46:22 · answer #4 · answered by dee g 3 · 0⤊ 0⤋