How to determine a good wholesale deal

[Alexis Perry]

Good Evening,

My name is Alexis and I am new to real estate investing and wholesaling. I haven't found a deal yet but I have created a small buyers list.

The home I am looking at now is boarded up and the listing says that they are asking $22k

I tried using the flip calculator on BP but it confused me a little.

I checked against 3 other comps and determined that the home can sell between $90k-$100k.

When I put the numbers into the BP calculator it gave me: According to the data you provided, you can afford to offer $27,900.00 to get this property under contract and your end buyer will pay $32,900.00 for the property, netting you a wholesale fee of $5,000.00. This is based on an eventual ARV of $85,000.00, a profit for your flipping cash buyer of $20,000.00, and a rehab budget of $15,000.00.

Financial Breakdown

Purchase Costs

Purchase Price:	($32,900.00)
Purchase Closing Costs:	($3,000.00)
Total	($35,900.00)

Rehab Costs

Total Rehab Costs:	($15,000.00)
Total	($15,000.00)

Holding Costs

Monthly Holding Costs:	($2,000.00)
Total Days Held:	90
Total	($6,000.00)

Sales Costs

Sales Price After Fix Up (ARV):	$85,000.00
All Selling Closing Costs:	($3,000.00)
Real Estate Agent Fees:	($5,100.00)
Total	$76,900.00

Total Profit for Flip

$20,000.00

NOW IT  CONFUSED ME...

HELP NEEDED - I can't determine if the deal is good or not.

Thank You in advance.