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Updated almost 7 years ago,
First Flip deal analysis
Hello everyone.
I'm in the decision stage about my first flip and I'd like to get an outside opinion on it.
It's a 3BR+1BA
Here are the numbers:
Purchase: 30k
Rehab: 35k
C.C: 3K
Potential Rent: 1,000
Taxes: 456
Insurance: 800
ARV: 100K
It's a cash deal. Perhaps I'll do a refi incase I would like to do a BRRRR instead of a straight forward flip
What are your thoughts? are the margins look good? I've rounded the numbers up to be conservative. and rounded the ARV down.
Would love to get you take