How to find the ideal house to rehab and flip?

[Patrick Philip]

I just secured financing through a HELOC. I think my price limit will be about $120,000 for the purchase and rehab. What characteristics do I look for in a rehab house that will allow me to add the most value? I get listings from wholesalers.

[Christopher B.]

Purchase + rehab + holding + selling costs are = / less than your capital. 

People worry too much about how each item adds a specific value. Just make sure there is money left after all your expenses and that amount is what you consider a fair profit for the time and financial investment you made into the project.