Potential Deal Analysis

[Jennifer Martinez]

Hi BP friends! Help!

Potential Deal Analysis. Tell me what you think! Looking to flip property. Will be my first. Tried to do the numbers the best I could using average cost of closings etc. Did I go to high on monthly cost if paying no intrest or mortg pymts? Way off on anything else?

Property: 4/2/1 Pool, 2story, 2880sf 14000sf lot

Asking: 185k (going to try to get it down to 180k)

ARV: 285k

Repairs: 40k

Profit: 40k

*Plan to use a financial partner who will split profits (charging no interest)*