First Wholesale Deal - Or Is It?

[Kate Pierse]

A big hello to everyone in the Forums, I'm on this site every day and am always amazed at the quality of people and the responses. I would love to know if those more experienced investors out there think that this property would be something you would consider purchasing from a wholesaler. I already realize its not a slam dunk deal but the market is so hot in this area, its the best I've seen for a while:

Purchase price: $105,000

ARV: $140,000

Monthly rent (based on recent comps): $1100-1150

HOA: $85/mo Taxes: $168/mo

Repairs: $5,000 (paint and little linoleum)

The property is a townhouse in the most desirable part of where I live, the area is in high demand.

If you have any thoughts on this I would really appreciate hearing them. Thank you!!