All Forum Posts by: Kirk Zacharda

 2650 Bashor st Duarte- This property came from a contractor that knows we flip houses.  At this stage of the game we make sure everyone knows what we do. Plus we are very passionate about our business so its great to talk with others about what we do. It doesnt hurt when you have the evidence of what you do with photos and closing statements. 

3/2 1150sq ft

Closed Sept 3/23/2016

Rehab completed 5/23/16

In Escrow 6/23/16

Purchase 294k

Original rehab budget 65K

Final Rehab cost 95k - the decision to increase the budget was critical to maximize the sale price of the home. Created master bath and master closet space within the same amount of sq footage. Did not get what we were shooting for because of apartment building behind house. Didn’t realize the impact it would have on the value. Though we went over our budget with our finishes we got top dollar for the market. This was the highest sold home ever on the street and for the size in the area.

Our target ARV was 589k

Sale price 540k on 7/23/16- Property went into escrow at 550k but appraisal came in low at 540k

Net profit- 88k

We used hard money and private money on this deal. All investors made out very well on this one.

Hi James is this property part of your portfolio? Can I get a trailing 12, is there a possibility of owner financing, is this a growing area Ohio, is the property stable with long term residents, do you have a property management division of you company. Sorry for all the questions.

Please send me then info. [email protected]

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.

Our business model is not unlike a lot of other investors. We will wholesale if we dont like the area, if the numbers dont meet our criteria or if we just dont have the capital to fund the deal. 

This particular property was in San Bernardino- D area maybe a little bit of a war Zone. We sold to a colleague of ours.  He flips 120 deals a year in the Inland Empire.  We have modeled our business after his. 

11/1/15 was our closing 

380 San Felipe rd

We got it under contract at 117k 

Sold to investor for 121k

Netted with commission 6k

This home sold in May 2016 for 178k

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 first flip as Rykir Enterpsises LLC.

9966 Spruce Ave. Bloomington CA. - Probate deal, it came from a relationship with a Realtor.

3/2 1250

Closed Sept 28 2015 

Rehab completed 11/3

In Escrow 2/1/16

Purchase 174k

Original rehab budget 30K

Final Rehab cost 45k - the decision to increase the budget was critical to remove the Quirkiness of the home. The only way to get to the 3rd BR was to walk through BR2 our go outside and enter through a back door.

Our target ARV was 279k

Sale price 285k on 3-17-16

Net profit- 38k

Hi Scott are you wholesaling this or representing the seller? Any idea what the ARV would be? Do you have a CMA?

Hi Brett do you have a cma for this property?

@Ian Losasso Is this property still available?

Hi Ahmad will you please send me the cma on this property.