Help analyzing my first flip

[Brandon Ribeiro]

So I've managed to find a financial partner that is funding 100% of the deal and 100% of the rehab. I found a shell SFR that I can get for 100k and it will need an additional 100k on the high end to be completed. I pulled comps at 280 for a similar property, but I think I should be able to sell for 290 in this market should it continue for the next 6 months.

Any additional info can be provided, I didn’t want to load this post with numbers and info. Is anyone able to help me analyze this deal or give me their opinion?

[Steven Foster Wilson]

Originally posted by @Brandon Ribeiro:

So I've managed to find a financial partner that is funding 100% of the deal and 100% of the rehab. I found a shell SFR that I can get for 100k and it will need an additional 100k on the high end to be completed. I pulled comps at 280 for a similar property, but I think I should be able to sell for 290 in this market should it continue for the next 6 months.

Any additional info can be provided, I didn’t want to load this post with numbers and info. Is anyone able to help me analyze this deal or give me their opinion?

- It meets the 70% ARV rule, so your off to a good start.

- Though doing full guts can get costly and take a lot of time! If you are experienced in this then I'd say use your own judgment, however if this is your first deal, Id say look for a cosmetic flip.

- A lot can go wrong when your replacing electric, plumbing, drywall, HVAC, framing.