Deal showed up by Gods Grace

[Kirk Zacharda]

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.