First time flipper -Need advice

[Robert Johnson]

Hello,

I'm new to house flipping. I'm interested in getting started. I believe I found a property that could be ideal for a flip however it is a foreclosure. According to propstream the estimated mortgage left on the property is about $267K figuring a rehab budget of about $180K-200K with an ARV of $650K - $675K.

What your thoughts on a foreclosure going to auction?

[Travis Timmons]

I think that @Doug Smith gave you some great advice. You're stacking risk factors - new investor, foreclosure auctions, flips, relying on info from propstream as if it is accurate, asking a lot of questions that present a real "you don't know what you don't know" risk. 

I'd suggest going to the courthouse steps and just observing for a month or two. You may find someone kind enough to ask what you are doing and answer some of your questions (you also may not, but it's worth a shot). 

Fact of the matter is that flipping is just plain hard. You either need access to deal flow or access to cheaper than retail labor - whether that is you doing the work or a crew that you employ - to make most flips work.