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Money Needed to Flip Houses
How much money will you need to flip houses? First, you want to look at how much you can afford to invest in a home. This will depend on your location because a small home in the Midwest can be purchased for anywhere from $70,000-$140,000, while a small home that needs to be fixed up would cost, at the very least, $300,000-$400,000 in most of California and many parts of Florida and New York at the current market rates. One of the best parts about becoming involved in the real estate flipping houses business is that you work for yourself, in partnership with only those realtors or laborers that you choose to work with. |
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This intel was contributed by larryg
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May, 2012
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