BRRRR/F&F Property Evaluation

[Spencer Kraus]

I'm new to real estate investing and have been looking to buy my first property for the past 3-4 weeks

I have roughly 120k (not all of that I would like to use) to put towards an initial investment

I found a property that I would like to get for 325k that is in ROUGH shape, basically every room and property needs a lot of TLC.

I'm getting a 2nd GC to come and look at it but I'm estimating anywhere from 75k-100k in rehab costs to really get it updated.

It's a 4/2 with the potential to be a 4/3 or even 5/3 with some creativity of the attic space. 2750sqft with a beautiful pool area and big backyard in Central FL, 15 min from Disney.

The girl that has the property wholesale is saying the ARV could be anywhere 550k-600k but honestly, I don't see that number being accurate looking at comps around within a mile or two, and I really need an expert evaluation on this deal but don't know who to go to.

I would love someone who has experience doing BRRRR or fix and flips to look at this property/deal and be able to say "this is a no go" or "you have plenty of margin to make this profitable"

Any help would be super appreciated! Thanks BP fam