Potential Flipping Oppurtuntity

[Carlos M.]

Hello BP,

I ran across a potential flipping opportunity and I wanted to run the numbers by everyone to see if I should pursue.

List Price: $70K

Purchase Cost: $5K

Construction: $70K*

Selling Cost: $15K

ARV: $200K

Gross Profit: 40K

*construction cost is based on worst case scenario so that figure maybe lower.

I know the post isn't very descriptive in regards to property information, location etc but I just want to get some thoughts solely based on figures.

Let me know your thoughts.

Thanks in Advance.

Carlos