First Investment Property in Yuma

[Juan Mora]

What do you guys think? this woudl be my first flip.

I have been researching for a flip property all year and finally stumbled into this one.  Listing Price: 130,000 Offer submitted $90,000 CASH.  Single family residnece, bad shape, Yuma, AZ.  We are waiting to hear back from seller. 

$208,000 - ARV

$100,000 - Purchase Price

$4,200 - selling consessions 1-2%

$12,200 - Agent selling fees 6%

$35,000 - rehab

$2000 - Carrying costs for 3 months

GROSS PROFIT OF $50,000 APPROXIMATELY

https://www.biggerpockets.com/analysis/flips/5e6486bf-f2f7-4...