Backup offer on nice property-but is it worth what they’re asking

[Jordi Love]

We had to wait a day to see a property we were looking to flip- within that time someone put an offer on it :( it’s an original home built by a well known builder. In PRIME location. It’s listed for 195k It needs • brand new kitchen • 1 master bath, 1 guest • new flooring (everything is carpet) • paint • maybe 4 new doors • maybe exterior paint and definitely landscaping 3 bed 2 bath- brick chimney to the ceiling 😍 Comps on the street are up to 275k- 2 streets down comps are 350-1.5mil This would be our second flip- does it sound worth it and what’s the best backup offer since we don’t know what anyone else has offered