Advice on a Deal

[DeQuantay McDowell]

I’m close to locking up a potential fix & flip deal here in Columbus, GA, and I’d love some feedback from experienced investors before I move forward.

Property Details:

• 4 Bed / 3.5 Bath

• Purchase Price: $275,000

• ARV: $360,000 (based on comps within the last 3–6 months)

• Estimated Rehab: $15,000–$25,000
  Mostly cosmetic: paint, flooring touch-ups, fixtures, landscaping, and minor updates depending on inspection.

• Seller claims the property will be delivered free and clear (no mortgage or tax liens)

Current Condition:
The property is in good structural shape. Roof, HVAC, plumbing, and electrical appear solid based on my initial walkthrough. No visible foundation issues. Planning to get a full inspection once under contract.

My Background:
I’m newer to the fix & flip space but actively networking with agents and contractors. I'm building out a consistent deal pipeline focused on flips and future developments.

Numbers Breakdown (Rough):

• Spread: ~$85,000

• Rehab: $15k–$25k

• Holding Costs: ~$1,500–$2,500/mo

• Potential Profit: ~$40k–$55k before taxes, depending on rehab + financing terms

Looking for Community Insight:
Based on your experience, does this deal make sense at this price point and rehab level? Is the spread solid for a flip of this size? Would you push for a lower purchase price or move forward as-is? And what risks should I be paying close attention to before locking this up?

Thanks in advance for any insight!
— DeQuantay

[Peter Mckernan]

Quote from @Jaycee Greene:

 Holding costs without rehab hold costs.. 10.9%.. Should be $20,233.13 for 9 months