Would you do this deal?

[John Weidner]

So I've been chasing this property for over 2 mos. It keeps going on and off Homepath. Im a broker so I put my own offers in.

Listed: 149K

Purchase Price "at least" 191K (might go higher)

Repairs 62K (had my GC stop by to confirm my ball park #'s)

Purchase Costs 3600

Selling Costs 12800

Carrying Costs 5000

Reserve 5000

-----------------

All in 279K

ARV - 295-305K (confirmed mls comps)

Place was frantic today. They had like 30 offers. I was there today and there were 10 other parties when I was there for 45mins

I got home tonight after the gym and prepared to make an offer then my senses kicked in and I decided to not waste an hour of my time and instead search for other properties. Bid ended at Midnight 3/13

Would you invest $279K to make a potential 15K in 12wks?