First Deal, Think I'm ready to pull the trigger!

[Joseph Grullon]

Well, after a couple months of non-stop education and immersion into everything real estate, I think my partner and I are ready to pull the trigger on our first deal. What do you guys think of this deal?

3/1 SFR // 880 SF / 9,000 SF Lot

ARV: $115k

Wholesaler asking: 67k cash

Estimated rehab costs: 15k

Monthly expenses (utilities,taxes,etc.): 250

Closing cost (including realtor fees): $4.6k

Total days held: 60 days

Projected pre-tax profit: $27.9k

Btw, we had a contractor come out and give us estimates, that's how we came to our estimated rehab costs.

Thanks in advance for your advice and feedback.