My first property and I think it's a BUST!!!

[Adrian Reyes]

Hey everyone,

So I am in desperate need of some help, just purchased my first property at auction and I think I went way in over my head. Here are the numbers: 

I purchased the property for 98k as is, It is a nice two story 5 bedroom 3 bath and comps are at 204k in the area, but this property can easily be listed at 210k arv. But there is an ugly side too this property. When I arrived to take a look at my "golden nugget" it was horrible, the back of the house was still under construction adding on a balcony or so it seems, no windows, inside of the house wasn't any better. Long story short we had a contractor estimate 100k plus in repairs!!! So now I need to plan a good exit on this purchase I can use all the help I can get, but as of right now I'm marketing to wholesale this property that's the only thing I can think of at this point. Any advice would tremendously be appreciated. What are my options in this situation? What else can I do? 

Thank you