stumbled on a horder property for sale

[Joe Hollis]

Hi BP,

I stumpled on this property that owner said he had rented to hoarders and wanted to sale.. today is friday and i have until tuesday to make an offer before going on market.  homes in That neigbrhood is priced from about  $460-mid 500's.. This could be my first real investment.. My thought would be to wholesale if the price is right.. I doing a walk thru with my contractor tomorrow..The thing is that the property has extensive damage.. missing sime electrical wiring along with plumming. it looks to be no less than 100k to make sellable.  Its listed as a 5/2  2450 sq. ft. However, Im still not too comfortable with the numbers. I would feel a lot better with someone with more experience deermining the true cost. Im here in the woodbridge area. should I just let this go or if the numbers are a  no brainer take my shot?   any advise or comment is appreciated 

[Brian Beck]

@Joe Hollis

I'd second the numbers that @Scott E. put out there.   As a general contractor who works in Woodbridge/Manassas frequently, the rehab cost of $100K is about right assuming a electrical/plumbing/hvac replacement a full cosmetic interior rehab, depending on the style/condition of the exterior that could push you closer to $120K for rehab costs.   If you'd like more detailed info at a neighborhood level feel free to message me.