Risk Free System

boredtodeath asked:


a person who saves money, age 25-30, western- Canadian/Australian, single, interests: reading, theatre, local history, occupation: highly skilled professional, total assets/net worth: 200,000 us dollars, concerns: having enough to set up business, buying a house and retirement, attitude to risk: high risk and high returns

Guillermo

d_duimovochka asked:


I live in Canada and I think the economy here is well. Now I am planning on buying and flipping a house for the first time. Would it be better to buy a house or condo? Also if I pay downpayment on a house/condo that is still under construction, and then decide to withdraw from the transaction, are there any risks involved? When the house/condo is complete and the value has gone up or down, will I always get all my money (downpayment) back if I decide to sell? And in terms of returns, what is the median percentage I could expect to make flipping the house/condo in let’s say a year?

Josie