URGENT! Listing tomorrow. Help me look at THIS property deal

[Garrett Diegel]

I'm considering this property as a possible flip but am new to pretty much everything having to do with REI and flipping. Here is what I know. Which on this deal is not much. My thought would be to vet the deal asap and make the first offer.

Here is the property: http://www.zillow.com/homedetails/1061-Warwick-Ave...

• It is being listed at $55,000 on 6/23 by the bank. 

• Rehab cost unknown
• ARV possibly $80-90,000 based on comps. But I'm not 100% on this number.

Any help would be amazing. Thoughts, comments, ideas. Does this sound like a deal that could work? My goal would be to flip this home and use the profit as a down for a buy/hold property. 

Thanks in advance.

[Micah Copeland]

@Garrett Diegel

No offense but from this post alone it seems you are far from ready to pull off a successful flip. I would recommend acquiring more knowledge before you jump in. Either that or JV (joint venture) with another investor for your first flip. Also, check out J Scotts The Book on Flipping Houses.

A lot of new investors will lose on their first flip. Do not be one of them!