before
RehabMagic
SAMPLE FLIP IN FONTANA
Purchase Price $130,424.81
Rehab Monies $ 30,000.00
TOTAL $160,424.81
Utilities/Gas for Rehab $1,000.00
Alarm $397.00
Other Utilizes $750.00
Fire Insurance $255.00
Home Depot/Etc. $11,257.35
Labor
$11,000.00
Carpet padding/Vinyl $1,170.00
Home Inspection Work $1,526.68
Termite Work
$450.00
Buyer’s Refund $-450.00
Appliances $1,200.00
Landscaping
$1,130.00
Add on
$6,716.19
Air conditioning N/A
Granite
$1,200.00
Dumpster
$1,024.24
Roof Certification $ 450.00
TOTAL:
$33,549.78
AFTER
T
he neglected house on Date Avenue
in Fontana needed more than
just a simple coat of paint, it needed
a complete overhaul. Yet, Anthony
Patrick, from www.REIroadmap.
com, knew that underneath the filth a
beautiful home was awaiting to emerge.
This short sale deal was found on the
local MLS (Multiple Listing Service).
The house had numerous code vio-
lations, including illegal additions.
While other investors passed on the
property, Anthony Patrick saw oppor-
tunity and profit. To learn more about
fixing and flipping homes, visit his
website www.REIroadmap.com
Realty411Guide.com
PAGE 52 • 2014
AFTER
reWEALTHmag.com