Just bought my first flip. Elated and afraid!

[Jeff Moore]

So I just bought my first flip house on the auction website Xome. Closing took a few extra days, I had to install a new jet pump before closing to get water tested. When the water was turned on it was leaking everywhere and I almost backed out... But I talked to my mentor and he reassured me this is just another fix just like hvac or roof and you have enough profit in to keep going. Other than roof hvac water paint and some handyman work it is in good shape PP $82,500 Repairs $27,000 ARV $160,000-

[Adam A.]

If the repair estimate and ARV is accurate you have nothing to fear. A 50k spread is plenty margin to work with.