Found fix and flip property - need advice asap

[Shayan Sameer]

I found a 3/3 fix-and-flip property in Miami. The house is in good condition, and the rehab cost will probably be around 40-50k. It has a pool and a nice backyard. The selling price is $700k, and the ARV is around $930k. Right now, it's an ABNB property.

My biggest concern is that some of the houses right across are multi-family duplexes. I don't know if that will bring the price down, and I would have a hard time selling. Thoughts?  

[Luis Maqueira]

I will do the numbers again   Profit is  less than 50 K and the project is 900K

And that is without surprises and when you do flips always there is one. 

we can do an open zoom invite anybody in biggerPocket and go over the numbers. With an open biggerpocket group we can get a lot of good Ideas. 

Luis Maqueira MMP

check the meet-up Real Estate investor group in the Bigger Pockets events we can do the deal live next Tuesday at 7:00 PM