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Updated about 10 years ago,

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Le Nguyen
  • Corona, CA
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Loans and Profits

Le Nguyen
  • Corona, CA
Posted

Hello, I'm new to buying and selling real estate, so sorry if this question bugs anyone, but I'm just trying to get a better hold of what I've been reading into for a few weeks. What I was wondering is If I bought a property  for $85,000 and renovated the property with $25,000 using a 203k loan then selling the property for 143,000. My profits should be $33,000 but what other fees would I have to look into including the real estate agents commission to get the true profit amount, and if it's even worth it to buy such a property to flip. 

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