Updated about 9 years ago on . Most recent reply
Deal showed up by Gods Grace
My business partner showed up at this property because he was given the wrong address by one of our bird dog realtors- The owner was there and the conversation turned to a spiritual one and they hit it off. We purchased 2 other properties from this family.
4/2 1350 sq ft
Purchase price 200k
Rehab 33k
Part of our business plan is networking and i have really come to realize Biggerpockets is a great platform to be part of. I dont usually share much but I plan to start. Here is our 2nd Rehab flip as Rykir Enterpsises LLC.
541 Clifford ave Rialto CA. - Probate deal, it came from a relationship with a Realtor.
Purchase Closed October 31- 2015
Purchase 200k
Original rehab budget 30K
Final Rehab cost 33k - This home was as cosmetic a rehab you can get. New kitchen, new FAU, New flooring in main area, 1 new bath remodel and only added a vanity in the second bath.
Our target ARV was 285k- We hit our profit criteria at this number.
Sale price 305k on 4-15-16
Net profit- 35k
I didnt have very good before pics- You might notice we used all the same material- paint colors, tile, flooring, kitchen cabs, etc..- Helps keep the decision making to a minimum.