Please look at my numbers! Advice needed!

[Ryan Johnston]

Hey BP Community,

I've been analyzing deals to flip for over a year now. I've heard multiple people say that whenever a deal comes on the market you should analyze it to get familiar with the process. I only get this far into it when I'm about to put an offer on the house. My concerns with these numbers are that the total Closing/Lending Costs are way to high. To give you some background on the house:

• 3/1 listed for $62,500 with comps around $125k-$135k
• Major reno items include: new HVAC/new kitchen/new bath/new floors/possibly new windows. Lots of DIY because its my first deal.
• It's a HUDHome that will go quick if I don't act today. My realtor actually advised me that if I want it I need to offer a little bit higher than asking.

I've been analyzing deals for some time now and I've only come across a couple of deals that actually work with these high closing costs. The closing costs are 12% of the final sales cost! As a note, the Closing/Lending Cost are for the buy and the sell. I'm not seeing a way to get a deal going and I'm becoming discouraged.

Could someone please tell me if these numbers accurate assuming my ARV and Estimated Cost of Repair are correct? I'd be happy to take any recommendations as well!

Thanks BP!