Sweet DEAL in North Carolina Rehab/Flip (check my numbers PLEASE)

[Allison Ezzi]

Hi BP!!

Looking for some help checking over my numbers for this deal or no deal. This is large higher-end home in foreclosure.

Price/offer: 200k

SQFt: 4,500

p.psqft: $44.5!

8 yrs young!

Repairs- 100k (with buffer) Has an easement issue, spoke with attorney there are a couple ways to go about to re-mediate. Including attorney fees and being a friendly neighbor, and paving 6ft portion on driveway ( best way sum-up). Because of this will need cash buyer, non fanciable. House is 90% complete needing finishing work (clean paint, trim, fixtures, grout,appliances) a layer poly on woodfloors, driveway work, spruce the yard/front steps. 50k for cosmetic- 50k for larger items.

ARV:450k (conservatively)

Tax Value- 475k ( area reflects homes selling over tax value)

All-in$: $330k (200+100+30(fixed costs)) Profit: 120K range...RIGHT!?!

The entire small neighborhood reflects with similar luxury homes.

Using private money....and want to double check with the BP community, as the private "lender" is new to RE investing. TIME IS OF THE ESSENCE, it may help to show him more seasoned RE investors advice on this deal. I am newer to rehabbing, have a solid business relationship with private lender. he knows my character, work habits, ethics, transparency and trustworthiness. We have a great team (realtor- successful rehabber) partner & consultant have 30+ years of building experience, additional contractors in place and professionals for larger items.

I see the DEAL and want to make it HAPPEN, am I missing something??

Please share your thoughts!!