Need a second set of eyes on this deal!!!

[Brandon McDowell]

Hey BP family! As part of my 2018 goals I've decided to make the leap from wholesaling to flipping homes. After analyzing several deal in my area, I came across on that seems promising. I'd love to have a second eyes on this deal just to make sure i'm not messing this up. CONSTRUCTIVE CRITICISM IS WELCOMED!!!

4/2 , 1962 sqft

ASKING PRICE: $79,900

ARV: 160,118

*meeting with GC next week to get a quote on repairs. for my analysis I've been using the max repair cost that would still make the deal work*

REPAIRS: 40k

I plan on using Lima one as my hard money lender. for their FIXnFLIP loan program, they're offering to loan 90% of purchase and rehab cost. Loan to ARV 70%.term is 13 months

IF I purchase at asking price, that will put my loan at 107,910 (I'd bring 11,900 to the table as my 10%)

I'd place back on the market for 160k.

profit my profit around 40K.

my holding cost i'd have to pay to lima monthly would be 996.09 (107,910 x 12%= 12,949.2 / 13= 996.09)

estimated holding days 90.