Enough meat on the bones?

[Don Colagrossi]

Waiting for a response from a seller. (Inherited it with 3 siblings ). Assuming that he takes my offer, I am curious if a wholesaler would be interested. I am paying $145k. $45k rehab. ARV $235K. I am a newbie investor, my exit strategy is to flip it myself as a realtor. Any input would be appreciated.

Thanks, Don 

[Joel Owens]

The key is getting the purchase price, rehab estimate, and accurate ARV at which the property would move fast correct.

If the purchase price is inflated, repairs more than anticipated, and ARV lower than expected for one or all the whole deal can be worth ZERO.

Usually a rehabber builds in a 10% contingency fee for things they can't see in walls, under floors,in the ceilings etc.

So your 45,000 if accurate they would add 4,500 to that.

Seems like a thin spread to be working on for resale. 45,000 is a lot of rehab for house in that price range.