Help on Verifying Numbers on First Deal

[Ryan Meyer]

Hey Y’all! This community has been amazing already with information and support!

We have offered on your first property as it was an off market deal.

House has ARV of 105k, we offered 67,500.

Have a creative lender to where they can finance renovation budget into normal loan so taking 77,500 out. (10k for Reno)

20 percent down. 5.75 rate on 30 year loan.

Closing costs are 6k. House needs 10-20k in renovation. Can rent for 1150 a month.

Looking to buy n hold. It probably doesn't have margin to BRRR. But our market is high currently so this looks like a great deal.

Thoughts!? Advice?!