Potential First Flip

[Alec Howe]

I am new to real estate investing (by new I mean lots of podcasts and reading....no deals) and have a realtor buddy who has been sending me possible deals. One came up recently that looked interesting and a good potential flip. The house is located in Pleasant Hill CA and listed for 499k I think it will go for more than that how much I'm not sure. It looks like it will need about 30k and take about 45 days for rehab and then the ARV would be somewhere in the 650k range. Alternatively rent in this area is about 3k. Me and a buddy would be doing most of the work/labor. What do you guys think? I know the Bay Area is a hot market especially in Pleasant Hill. Do these numbers make sense? What else should I consider?