Is it a deal or a dud?

[Tanya Benjamin]

Hello folks! I’m fairly new to the real estate investment business, and I’m currently focusing on wholesaling. I’ve been analyzing some properties in my area, and I’m still trying to determine whether some of these properties are potential deals or not. Sometimes I’m not sure if my MAO is accurate since I’m learning the business on my own as of now. However, let’s say “hypothetically” a specific property ARV is between $775k to $800k, asking price is $995k and repairs is estimated between $30k-35k. Would this be considered a deal or not? Please explain, so I can have a better understanding. Thank you in advance. Any feedback is welcome!