Cash purchase to FSBO

[Michael Koncaba]

Heres a hypothetical,

If you offer to buy a FSBO with cash at a deep discount and they accept your offer, is there anything stopping you from turning around and selling at market?

Now heres my situation,

I may be able to raise cash through private lending to purchase a home in my hometown from an owner going the FSBO route. I would offer at best 110K for the home cash, which I would raise form my private source @12% interest. If the owner accepts, which is a huge if, I would turn around and sell the home at market, which is at least 150K here in this small market. In theory this makes me a nice little profit, even after paying all my borrowing costs and selling fees.

Is this realistic? I need someone to fill in any potential holes in my plan.

Thanks BP community!