BRRRR Deal Analysis!

[Ben Cohen]

Hi everyone! I would appreciate some feedback on this deal:

Purchase 155k

Rehab 40k and very quick

7k liens

ARV 280-300k

After refinance, our mortgage will be about 950/month, so we’d have around 1400 or so in monthly expenses. We’d get around 2000-2200 in income, so 600-800 in monthly cash flow. 

This is a wholesale deal. The only issue that we can foresee is that it’s being sold as is, no lien contingency, and there is not enough time to conduct a title search before the deal probably gets swiped.

Is there a big risk here as it relates to the lien? Or should we jump on it?