First Diary- Flip Analysis

[Jarred Sleeth]

We just got our first potential flip property under contract, an off the market deal that will need to be short saled. Now, I usually do buy and hold but this deal looks to need a bit of work and would be great for a short term capital increase. I figured I would start up a thread to follow the deal, the numbers, and contribute to the forum with education!

Some preliminary details to get your appetite going. 

Purchase: $40k

Estimated Rehab: $45k

ARV: $145k

I will update with pictures soon, and a completed scope of work. 

Jarred