Buy and Flipping a property

[Marco John]

Is a buy at $115,000 (20% down payment of $23,000), repair cost of $20,000 and sell at $175,000 a good deal?

[Jason D.]

It depends on what it costs you to hold the property. If you can get in and out in a mo th or two, the numbers are good. If it takes you a year to fix and sell, not as good of a deal