About to put offer on a single family. Would appreciate feedback
Hey everyone!
I've been following the forums here, and I have to say the the info from the community is invaluable. I gathered up the courage to put an offer on a house in Oakland for a superficial flip. I wanted to check with you and see if these numbers and timeline make sense. I would appreciate any feedback as this would be my first flip.
The numbers are conservative. The realtor said we could flip it for 10k more than what the report say, but I'm sticking to the average of the comp. All in all it's a 30k profit if everything is correct.
This is the property:
https://www.redfin.com/CA/Oakland/1745-67th-Ave-94...
These are the comps of properties sold within less than 0.5 mile radius.
https://drive.google.com/open?id=1KmdHLEAISOck9tRx...
This is the breakdown that I went over with my realtor. We covered most things, but I would like to get a second opinion from you guys.
https://drive.google.com/open?id=1gFTjHiJO2tB_mPJn...
Thanks!