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Updated almost 7 years ago,

User Stats

31
Posts
14
Votes
Tomer Shani
  • Investor
  • Astoria, NY
14
Votes |
31
Posts

First Flip deal analysis

Tomer Shani
  • Investor
  • Astoria, NY
Posted

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 

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