Would you buy this fix and flip?

[Luis Arevalo]

Hey everyone! Looking to pick at some big brains in here.

I'm a newer investor in the western slope area of Colorado. I'm working on getting this property under contract so I can offer it to my investors (I don't have the capital to rehab it myself) however I'd like a second opinion on my numbers to make sure I'm offering a great deal to them. I've personally have never done a fix and flip so I'm making sure I'm not missing anything important.

Any tips or ideas would be incredibly appreciated.

Thank you! Here is the link for it.

https://dealcheck.io/s/-NkG99mC96Dahz1Epi40

[Luke McMullen]

I'd say need more than $17k for adding a kitchen, bathroom, paint, possibly flooring and exterior cleanup. I didn't see any pictures but I'm just basing it off of what you put there. I'd say if it's a 200k ARV (I don't know Grand Junctions market too well), and it needs let's say 30k of rehab since it's a full gut on a smaller property, a flipper will for sure by it at (200k x .7) - 30k which is 110k. I'd try and get the property under contract at 90-100k. That'll leave room for negotiating with fix and flippers, as well as getting a good wholesale fee.

Hope this was helpful! I fix and flip/wholesale out here in Nashville. Feel free to reach out if you need any other help.