Feedback from high end flippers- Austin, Tx

[Chuck Catchings]

I need some feedback on a potential wholesale deal scenario. This is NOT an offer just a question.

1. Say I have a property in one of Austins hottest neighborhoods listed around $325K.

2. Let's say the rehab cost would be in the $50K range.

3. From a good source they say this house could sell for as much as $475K to $500K this spring. This same source also said that in the last 90 days 76 homes in this area sold for an average of $425K.

     I know this sounds like a good deal but I need some feedback from buyers that buy these types of properties. I hope I'm not breaking the rules here but this is a question not an offer, just need some feedback if possible, thanks.