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Published: November 29, 2008
House flipping can bring problems in risky economy
Todd Calamita , a personal financial planner with RBC Wealth Management in Charlotte, N.C. , said house flipping is risky, especially in an uncertain economy. You should consider the following:
Are you able to pay cash or do you need to take a mortgage out on the house? If you pay cash, look at the potential opportunity cost of having your money tied up in an asset that can’t be sold immediately. This is exac...
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