Zach Riegler
Stonewood Group, LLC
in San Francisco, CA
Zach Riegler with Spencer Freidenrich
We found this duplex on the MLS. Our third partner, Tyler, is a residential realtor/broker in Sacramento. Tyler grew up in Sacramento so he knows the market really well. We came in with an all-cash offer at $335K. We put in $45K of renovations into it (new driveway, flooring, cabinets, countertops, HVAC, bathrooms, windows, fans, dry rot, rodent work, etc.) and got two incredible tenants in there paying premium rent ($1,600). We sold the property on 4/15 for $452K to a local investor. Our niche is to acquire duplexes and triplexes in Sacramento where we can sell the properties to investors who don't really want to get their hands dirty. This our 3rd exited duplex.
Rehab Details
Property City:
Fair Oaks
Property State:
CA
Purchase Price:
$335,000
Repair Costs:
$45,000
Sale Price:
$452,000
Case Study
How did the FortuneBuilders team and resources help you to accomplish this deal?
Managing contractors and helping us create our systems so we could efficiently get the deal done. All three of us are working full time so having the systems in place really helped us out.
