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I should have probably mentioned that I'm in one of the most expensive markets in the world.
Currently apartment units are selling for $1200-1300/sq in Vancouver BC.
I'm not so interested in rental properties.
Is this a bad way of approaching flipping properties?
1. Search for a house for sale that is below the average home price in the area
2. Purchase said house, renovate it and put it on the market for the average home price of the area or even a little above since it's newly renovated
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I like turtles.
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