Hello everyone, I found a property in Fontana, Ca.

[Johnard Reyes]

Found a property on Realtor.com, I don't have it under contract. It also mentions it's contingent. What is a great approached to this deal, if it makes sense too? I am a newbie.

 Valley Blvd, Fontana, Ca 92335

Property Description

Great Fixer in Fontana! Has RV Parking!Amazing opportunity make this Diamond in the Rough Shine! This 3+2 has Great Potential and is close to everything! Tax records show as a 3+2 at 1, 659sqft, but the home actually has a 4th large Master Bed and Bath, with approximately 500sqft 1+1 apartment in back that is unpermitted, needs to be, and not inclu

According to the data you provided, you can afford to offer $259,500.00 to get this property under contract and your end buyer will pay $264,500.00 for the property, netting you a wholesale fee of $5,000.00. This is based on an eventual ARV of $325,000.00, a profit for your flipping cash buyer of $30,000.00, and a rehab budget of $30,000.00.

Financial Summary for Flipper

Financial Breakdown Purchase Costs Purchase Price

($264,500.00)

Estimated Repairs Exterior Repairs Roof: N.A.

Interior Repairs Sheetrock:

N.A.

Purchase Closing Costs	($0.00)
Total	($264,500.00)
Rehab Costs Total Rehab Costs	($30,000.00)
Total	($30,000.00)
Holding Costs Monthly Holding Costs	($500.00)
Total Days Held	30
Total	($500.00)
Sales Costs After Repair Value	$325,000.00
All Selling Closing Costs	($0.00)
Real Estate Agent Fees	($0.00)
Total	$325,000.00
Total Profit for Flip	$30,000.00

Concrete: N.A. Plumbing: N.A. Gutters: N.A. Carpentry / Windows / Garage: N.A. Doors: N.A. Siding: N.A. Electrical: N.A. Landscaping: N.A. Int. Painting: N.A. Ext. Painting: N.A. HVAC: N.A. Septic: N.A. Cabinets: N.A. Decks/Porches: N.A. Framing: N.A. Foundation: N.A. Flooring: N.A. Demo: N.A. Insulation: N.A. Total: $30,000.00 Return on Investment for Flip* 10.17% Immediate

123.73% Annualized *Based on no loans or leverage Flip Hypothetical Profit If Held For...