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To: purpleraine
I’m sorry, I don’t understand.

I think I misread your post. I thought you were talking about adding $50K in improvements and then selling for $605K

Instead your using the $50K as leverage/down payment to buy a $500K house and selling it for $550K. That is pretty tough work in todays climate

76 posted on 01/31/2008 8:11:16 AM PST by EVO X
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To: Black Birch
I was not advocating buying a property now and flipping it for profit.

I was recommending RE as a long-term investment because of leverage and comparing it to a similar amount invested in the stock market.

80 posted on 01/31/2008 10:52:44 AM PST by purpleraine
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