Potential flip in North Carolina
Hello this is my first post here but hoping to get some advice on a potential flip. I found a property near Greenville, NC that has some fire damage. I have not purchased a fire damaged property before and would like some advice if it's a decent deal. The house is 1650 sq ft 3 Bedrooms 2 1/2 Bathrooms with a nice layout but needs some updates to the kitchen, and flooring throughout. Upstairs was damaged by fire, fire started in master bedroom and was contained to that room but smoke damage effected the entire upstairs. The upstairs is a gut job, new drywall, carpet, and bathroom. Estimate resell is around $105,000 and purchase price is $46,000. I need a hard money lender for the project but have around $20,000 of my own money to put up. I was looking at around $25,000 in rehab costs to redo the kitchen and upstairs and freshen up the place. Would like some advice if its a decent deal worth pursuing.