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

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.

Have a nice day!

Answer 2

i think the answer is C but i could be wrong