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Updated over 4 years ago,
Question about house flipping and the houses value
If im buying a house for $5 dollars and adding $2 dollars of repairs... The house is now able to sell for $10?
Is the value of the actual material added and the ARV correlated?
It took us $100,000 to build this house...but we are selling it for $150,000.
Is that how Real Estate works? Am I missing something?