Question

Cory is a real estate agent. She advises Gary to buy a property to flip. What does Cory mean by this suggestion?

A. buy a run-down property, renovate it, and sell it for a higher price
B. buy a property, rent it out for a few months, and then sell it
C. buy a property for his own future use
D. buy a prime property and sell it immediately
E. buy a property, demolish it, and use the land for farming

Answer 1

Cory's suggestion to Gary means that he should buy a property, renovate it, and sell it at a higher price to make a profit.

Step-by-step explanation:

When Cory, a real estate agent, advises Gary to buy a property to flip, she is suggesting that Gary should buy a run-down property, renovate it, and sell it for a higher price. This process involves purchasing a home that may be below market value due to its condition, investing in its improvement and modernization, and then selling it in the hopes of making a profit from the renovations. It is a common strategy in the real estate industry for investors looking to make a quick profit.

Answer 2

Answer: The answer is “A. Buy a run-down property, renovate it, and sell it for a higher price.”

Explanation: The term buy a property and flip-it is referring to buying a property of lower value. To flip-it is a term to fix it up and make it look nice and comfortable. To then sell it at a higher price then what they initially paid for. This is how you make money.

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