First Rental Investment

[Charles J English]

I'm looking to purchase my first rental investment in Corpus Christi, TX and I received estimates from two contractors. One contractor is telling me it's not worth it and the other is saying the property will need about $55,000 in repairs. The wholesaler is not willing to go down on the sales price of $60,000. The ARV is estimated to be $150,000 once all the repairs are completed (Realtor did the comps for the area). Should I trust the realtors comps? Should I listen to the contractor that's telling me it's not worth it? As a new investor is this way to risky? I've done the breakdown using the BRRRR calculator, but from experience investors what would you do? I guess the ARV is extremely important with this deal.