Who says Flipping in SoCal is dead.

[Kirk Zacharda]

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