newbie seeking opinions

[J.D. Holifield]

ok so i have a deal i need opinions on. just want to make sure i dont goof up on my first flip.

ARV= 175000

cost=75000

rehap estimation=40000

good deal or not?

so this property needs:

some light foundation work. quote on file with local company- not open til monday

new roof- old

and... paint, carpet, has ugly paneling, etc. built in 1970, kitchen rehab(cabinets are good, layout good)

i looked at a neighbor house that is currently for sale for 170000. it has firmika counter, no laminets or hardwoods. vinyl tile and carpet and lenolium. new paint. nice. clean. house.

so again i ask what ya think.

thank you in advance,

J.D. holifield
www.MidStateProperties.com