I have recently entered a partnership to acquire, rehab and rent, or sell, single
family homes in the Riverside and San Bernardino counties.
My partner in this venture is a licensed contractor and real estate broker with approximately
30 Fix/Flip and Rent properties under his belt. He also used to build new homes
in the Orange, Riverside and San Bernardino Counties.
The program is very simple and inexpensive. Here are the average numbers:
Acquisition Price: $93,854
Rehab/Sales Costs: $22,500
Cash Into Project: $116,462
Sold Price: $162,245
Total Profit: $45,783
50% Partner Profit: $22,891
50% Partner % Return: 21.31%
Project Duration from Acquisition to Sale averages 160 to 175 days
On the following page is an example of a project that has been completed. Click
Here to navigate to that page.
