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A investor should decide whether his tic Properties are long term or short-run. As the investor keeps paying the mortgage amount, his dues becomes less and his equity associated with property increases which adds to the overall net worth. If an investor does a owning a home for short lived he can earn an extensive profit. For example: If you've got purchased real estate for nearly $50,000 which needs some repair work to be done which costs nearly $10,000 and the selling costs total $5,000. Then the total cost would be $65,000. You sell the home or property for $85,000 after a few months of buy. You may have gained an internet profit of nearly $20,000. |
