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House Flipping; Calculate your Net Profit
Renovating for profit, also known as flipping a house, involves buying a property, renovating it and selling it at higher price to make a profit. It is an activity that has been highly mediatized lately with TV shows dedicated to the subject, where successful transactions are exposed using simplified math. However, flipping houses is a risky activity that can be demanding with time and energy, without necessarily making big returns. That's why it is important to calculate its potential profitability before getting oneself in such a project.
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