Starting my 90 day challenge! Please help me analyze this deal.

[Annie Levan]

Hello, 

I am just getting started in real estate and am new to analyzing deals. I have not done a walk though of this property and put estimates up for the repair cost. If that the right approach or should I do the walk through, run numbers, then put an offer in? Please help! 

Any input on my analysis would be wonderful. Thank you in advanced.

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Best Regards,

Annie Levan 

[Christopher Giannino]

@Annie Levan

You say you haven't done a walk through of this property and just put estimates up for the repair costs. Where are these repair numbers coming from than? Is it a wholesale deal where the wholesaler is providing them? Are you estimating based on pictures of the property from the MLS? Is it some other way?

I would say before you make any offers you would want to see the property in person. You'll want to make sure your budget for repairs is accurate. From what I see, the two biggest issues when flipping is 1. Not calculating the ARV correctly and 2. Underestimating repair costs. Make sure those are 100% in check. Hopefully, you find this helpful!