possible flip analysis help needed

[Jon Lafferty]

Hi,

I am looking for some help analyzing an opportunity. I would like to flip the property but my 2nd exit strategy would be a slim buy and hold.

Purchase price: 60000

rehab: 24000

ARV: 110 - 120k

Holding cost (120 days) Realtor fees: 10000

My plan is complete rehab in 2 - 3 weeks, list ASAP and try and eek out 15k in profit.

Buy and hold exit strategy would be a break even proposition.

Does this sound realistic?

Thanks :)