Data Points:101 Latham Place, CharlottePurchase price - $116,000Buy Side Closing Costs - $5000Total Rehab Cost Budget - $100,000Total Financed Amount (purchase + construction costs) - $190,000Estimated time to Rehab: 5 Months (based on conversations with multiple GC's and Architect)HML Cost to Borrow Interest  - 10,000 (12% rate on 190,000 borrowed across 5 months)HML Cost to Borrow Points - $7,000 (3.5% on 190,000)ARV - $310,000Exit Closing Costs - $3,500Staging Company to Sell - $3,000Holding Costs (utilities, taxes, insurance) - 2,750The Total Rehab Costs is based on what I believe to be a reputable GC who has experience flipping in this neighborhood.

I have decided to post this in the success stories section of our community based on the fact that I am leaving myself no choice but to achieve it.

It is based off of a home equity line of credit.  

Hard money construction lenders will loan based on the finished value.

I would like to get to know players in this arena and start to build my team to expand into this area.I live out in Gold Canyon at the base of Superstitions with my wife and 2 kids.  

I'm not sure if any of that info (sqft, bed/bath) is tied to the title or anything or if the realtors just create the MLS listing based on the visual of the house having 2 bath. 

If the answer is whatever the market will bear.... there is still a typical expectation based upon your track record.Thanks.

In Texas and other humid places it's probably a must and I would budget adding it in 5-10K based on property size.

For example, someone calls in and you chat with them to find that they may not be interested in selling right then at your price for whatever reason, however over the next several months their motivation may change so a follow-up system should most certainly be in place to touch base with them again and again.On top of that, be sure you are finding 'why' they called in the first place because your main goal should be to solve their problem before all else as this will inevitably lead to closing deals.

NOVA is a great area with a solid tenant base and great employment numbers for obvious reasons.