Real Estate Math
A Kansas real estate investor buys 5 rental homes averaging $165,000 each. Total equity invested is 25% of purchase price. What is total equity invested?
A$165,000
B$175,000
C$200,000
D$206,250✓ Correct
Explanation
Total purchase = 5 × $165,000 = $825,000. Equity = $825,000 × 0.
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