Flip without Improvements - Las Vegas

[Bruce L.]

Hey guys,

So, I'm currently under contract for a SFR here in the Las Vegas area. It's a 1200sqft single family home, 3bed, 2 bath, build in 1985 in a pretty nice area. The sellers was tried of being a landlord and didn't want to make any improvements on the property before selling so they listed at last sales price of $100k.

The house needs paint, flooring, granite counter top, appliance and some minor repair. It would cost me about $7K to make the place pretty nice.

The sale is a regular equity sale, not a REO or Short. I should be closing in a couple of weeks.

My question is, because of the extremely low inventory here in Las Vegas, I was thinking about just re-listing the property as is and sell it for $120K, which would be about $100sqft.

What do you guys think?
What would you guys do and why?