Irvine California Potential Flip Deal or Not?

[Matt Inouye]

Hi BP Community,

I was looking at a potential deal and wanted to get the opinion of area experts in Irvine California

A listing popped up last night and after walking the property I am estimating the rehab costs of this potential deal to be $75-$85K which would put this right at about 80% ARV... not the greatest deal ever but at socal prices could still be a good payout. Highest sale in the community is $880K's but I am estimating this house to be more in the $830K's

I have done rehabs on buy and hold and to date my largest rehab cost has been $55K in orange county.  I am looking for a flipper to assist with dialing in higher end rehab costs as I am more accustomed to costs of buy and hold rental quality upgrades.

For those of you who flip Irvine/Tustin, please let me know if this is just a pass or something worth looking more into.  Or even better yet, if you are local, I would love to grab some coffee and learn more.

Also I am open to partnering with someone who does have area expertise as a flipper.  I can bring capital, a reliable contracting team, other investors if need be and most importantly legs to do the running around and busy work.

Would love to hear everyone's thoughts

Aloha,

Matt