1st time flipper vs. slim margins

[Lance Truett]

Hey out there. I was hoping to get a little insight into some basic metrics you guys use when running budgets and estimates for a flip.

Do these margins seem too tight for anyone else, or does this look like an ok deal for the first one?

I found a property and ran the below analysis:

Purchase Price	50000
Closing Cost	5000
Carrying Cost	1500
Temp Utilities	300
Renovation	55355
Sales Price	135000
RE Commissions	8100
Profit	14745

[J Scott]

Do those closing costs cover the purchase and sale?  Or do you not expect any closing costs on the sale?  How about buyer concessions on the sale?

Do you carrying costs include taxes, insurance, utilities, etc?  Paying cash so no mortgage?

Even if all that is true, I think your margins are still pretty thin, even for an experienced investor.  Way too thin for a new investor...