Is this a deal

[Phillip Trenk]

I am looking into my first flip. The purchase price is 107,500 it needs 35k for rehab, holding costs, realtor fees etc. The comps indicate an ARV of 180k-190k should I go for it?

[Hasan Hamdan]

It depends whether or not you are trying to hit a margin. Based on those numbers I personally would pass, but it really depends what you want to get out of it. Based on my numbers you would want to get it for around 97k. Have you already submitted an offer?

Also that was assuming your ARV and rehab/cost estimate was correct.