Real estate investments include all except which of the following: Select one: a
ID: 2807389 • Letter: R
Question
Real estate investments include all except which of the following:
Select one:
a. Buying an apartment building
b. Flipping a house
c. Buying a parcel of land on speculation
d. Purchasing a retail store.
he best way to save for retirement is to
Select one:
a. wait to contribute until after all your bills are paid.
b. have your contribution deducted directly from your pay.
c. borrow money for your contribution so you will pay it back fast.
d. wait until you have accumulated the amount in your checking account.
Explanation / Answer
The correct choice is B : - Flipping a house
Explanation : - Flipping is the strategy of buying property, fixing it up, waiting for a few months, and then selling it for a quick profit. Essentially, it is a speculative strategy in which you bet that the market value will rise to the point where you can make a fast profit before you close on the deal.
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The correct choice is B : - Have your contribution deducted directly from your pay.
Explanation : - Deducting the contribution directly from the pay is a wise way to save for retirement as the individual will contribute every month from the paycheck unlike other voluntary contributions where the person may stop contributing.
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