What happens when the market drops.

[Matthew Fassett]

Helllooo bigger pockets. I’d just like to ask a simple question without going to much into detail. Long story short my lovely wife and I. Like to buy somewhat fixer uppers love in them for 2 or more years then sell them for a profit. We are looking at a 4 bedroom 2 bath that was built in 1893. The arv according to comps is in the 280 plus range. My question is. What happens if I buy the house now for 160,000 (asking price) and the market drops. Do I lose a lot of money or what happens?