Issue #177September 14, 2026
$45k Into an Antioch Fixer — Offers Mon 8am
Four live East Bay flips. Featured is 1321 Aster Dr in Antioch: $349,950 list, $45k cash in, $515k ARV, $65k rehab. Offers Mon Sep 14 8:00 AM PT highest and best. About 118% on cash if a 4-month hold holds. Madison is a Bay Point cash auction PASS at list. Elm and Atherton fail at list. Those two cards show the bid in the headline.
Financing note
Fix and flips on this issue assume a 10% down hard money lender at 9.95% interest-only, 1-year term. Rehab is lender-funded. Cash in is 10% down plus 3% purchase costs. Interest is in the profit, not cash in. ROI is on cash in only. Sell costs are 4.5% of ARV. Aster and Madison are PASS at list, not bids. Madison is cash auction only. Elm and Atherton are bid-price. Those two cards show the bid in the headline metrics. List fails conservative on both bids.
FEATURED FLIPBAY POINT PASSPITTSBURG BIDPITTSBURG BID
FEATURED FLIP
1321 Aster Dr, Antioch, CA 94509
rehab & flip · Antioch · offers Mon 8am$349,950
UNDERWRITING
Sell costs
$23,175 (4.5% of ARV)
Size
3BR / 2BA · ~1,417 sq.ft. · 0.14 ac · pool
OPPORTUNITY
Active $349,950. 3 bed, 2 bath, about 1,417 sqft on 0.14 ac with a pool. MLS 41147498. Listed 9/8. Cosmetic fixer. Cash/HM only. Comp: 1334 Aster sold $515k Jul 2026. Offers Mon Sep 14 2026 8:00 AM PT highest and best.
RISK
Possible prior-tenant paraphernalia note (seller: none found). Cash/HM only. Rehab is an assumption. Offer deadline is Mon 8am PT.
VERDICT
PASS at list. Write before Mon Sep 14 8:00 AM PT highest and best.
BAY POINT PASS
39 Madison, Bay Point, CA 94565
rehab & flip · cash auction PASS at list$333,900
UNDERWRITING
Sell costs
$20,475 (4.5% of ARV)
Size
2BR / 1BA · 903 sq.ft.
OPPORTUNITY
Active $333,900. 2 bed, 1 bath, 903 sqft. MLS IV26166234. CASH ONLY auction. Seller pays taxes/liens. Buyer pays closing costs. ARV $455k.
RISK
Auction and cash process is the story. Process risk, not just price. Confirm auction rules before you write. Rehab is an assumption.
VERDICT
PASS at list IF you can clear auction/cash process. Process risk is the story.
PITTSBURG BID
1376 Elm St, Pittsburg, CA 94565
rehab & flip · bid-price$450,000 bid
UNDERWRITING
List
$499,000 (fails at list)
Sell costs
$28,800 (4.5% of ARV)
Size
4BR / 2BA · 1,613 sq.ft.
OPPORTUNITY
Active $499k. 4 bed, 2 bath, 1,613 sqft. MLS 41137466. Bid $450k vs $640k ARV. Soft distress / BOM as-is story.
RISK
List $499k fails conservative. Rehab is an assumption. Keep the 4-month hold tight.
VERDICT
Fail at list. Write $450k or walk.
PITTSBURG BID
93 Atherton Ave, Pittsburg, CA 94565
rehab & flip · bid-price$450,000 bid
UNDERWRITING
List
$520,000 (fails at list)
Sell costs
$26,550 (4.5% of ARV)
Size
3BR / 1BA · ~1,295 sq.ft.
OPPORTUNITY
Active $520k. 3 bed, 1 bath, about 1,295 sqft. MLS 41139919. Bid $450k vs $590k ARV.
RISK
List $520k fails. Thin print even at bid. Rehab is an assumption. Keep ARV honest at $590k.
VERDICT
Fail at list. Write $450k only if you like the thin print, or walk.
Status Verification
Underwritten and re-checked September 13, 2026 PT from live listing pages and same-zip sales. Rehab numbers are assumptions, not contractor bids. Aster and Madison are PASS at list. Madison is cash auction only. Elm and Atherton show a bid in the headline because list fails conservative. Aster offers Mon Sep 14 8:00 AM PT highest and best. Acora is not affiliated with the listings.
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