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Flipping Houses
A friend has proposed going in with him to flip a house. He has done a few and is tired of taking out short term loans. He asked me how much I might want to contribute and I have a number in mind but the big question that he asked is what kind of return do I want. I know the returns I am getting in the stock market and I am not taking money out of he market to do this. I have cash earning little if anything. Is 12 to 15 % reasonable? It will most likely be a 4 to 5 month turn around. Any thought s or experiences?
Thanks
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