Newbie from NJ

[Daniel Caruso]

Hi All. I'm new to the boards and fairly new to real estate investing. I own on rental property and looking to purchase my first property to rehab/flip. Any advice you have will help! My first target is a 3 bedroom/2bath single family home in Jamesburg, NJ (1600 sqft). The wholesaler thinks the ARV is 300k but I see it as 250k. Repairs are around 35k. I see the purchase price at $140k but wholesaler wants 50-60k higher. Do I counter at my lower estimate or pass?