Resale of property within 45 days without improvements

[Amalya Winters]

Is it reasonable for a person to sell a property in less than 45 days with no improvements for 30K more than acquisition? Purchased property at 155K cash, selling for 185K. It is a familial transaction to a close family member, so would like to know what is customary for a short term investment of this nature.  By the way, property has not been updated since the 70's, when it was built. Property appraised at 199K. Closing cost are between 6-7K. Buyer would be all in at roughly 192K (assuming closing cost are 7K) Please advise as I think the profit is excessive. Thanks in advance.

[Cody L.]

Sure why not?

One of my first flips I had under contract to sell it for $33k more than my purchase price before I even closed on it as a buyer.

I remember how pissed I was when I thought I wasn't going to be able to get financing to buy it. Here I needed $212k to buy a home and someone under contract to buy it from me for $245k

Luckily I begged and borrowed and got it done.