Is this dangerous?

[Bryan P.]

I was recently laid off from my job. My wife has acquired an opportunity to work from home for 3000 net per month. Our expenses to run our home and live our life are 2000/month. This puts us into the exact same position as when I had my job. 1000 a month extra.

I am getting job offers for 25,000 and 30,000 and I'm not feeling it as it would be a pay cut. There aren't many jobs in this small town.

I have experience in flipping two homes in the last 1.5 years. I did them in the evenings after work when I had my job.

I am considering going full-time into flipping one home at a time, as I have a private lender ready to go. The deal is for me to invest 20% of the purchase price and the private lender would put up the rest, including repair costs and holding costs. The average purchase price would be 35,000. The After Repair Value would be around 85,000.

My thought would be to do this two times in one year.

Is this reasonable to jump right in?