Fix and flip opinions

[George P George III]

Good day bigger pockets!!

I’m needing some insight.

My business partner and I have found a single family off market property from a Gentleman who wants to sell for $230k. The home is a 5/4 2250sqft with finished LL in a really stable neighborhood with excellent schools and shopping near by.

Arv is $360-375k and rehab costs 40-50k

So I’m thinking we are going to be all in for $280-$290k including all fees and holding costs.

Figure we are going to take 2 months the rehab and 45 days to sell based on comps in the area.

That would put us somewhere around October listing and possible sale in November.

I know fall/winter isn’t a great time to list a home.

Would love some insight on your thoughts and or suggestions.

Thank you.

GG