Quick Flip Success: Profits on Reginia St in Harrisburg, PA

[Julie Muse]

Investment Info:

Small multi-family (2-4 units) wholesale investment.

Purchase price: $140,000
Sale price: $163,000

At Partner Driven, we collaborated with Carlton on a whole-tailing deal at Reginia St, Harrisburg, PA 17104. We purchased the property for $140,000 and quickly implemented our strategic approach to maximize its value. Through efficient marketing and leveraging our network, we successfully sold the property for $163,000. This deal highlights our ability to identify profitable opportunities and execute effective whole-tailing strategies, ensuring a swift and profitable transaction.

What made you interested in investing in this type of deal?

Our interest in the Reginia St deal in Harrisburg, PA, was due to its quick turnaround potential and clear profit margin. Buying for $140,000 and selling for $163,000 offered a solid return. The strong local market and collaboration with Carlton, who provided valuable insights, also made it an attractive opportunity. This deal aligned with Partner Driven's strategy for swift and profitable real estate investments.

How did you find this deal and how did you negotiate it?

We discovered the Reginia St deal through our network and partnership with Carlton, who brought the opportunity directly to us. At Partner Driven, we encourage our partners to source deals directly from sellers, ensuring better terms and control. Carlton's local expertise was crucial in identifying the property. Together, we negotiated the purchase price of $140,000 by leveraging our market knowledge and strategic approach. This collaboration ensured favorable terms.

How did you finance this deal?

We financed the Reginia St deal using Partner Driven's capital, covering the $140,000 purchase price. In our whole-tailing deals, we employ a double closing strategy, which distinguishes us from regular assignments. This approach allows us to take ownership of the property and quickly resell it, providing greater control and flexibility. Partner Driven's financial backing and double closing method ensure smooth and efficient transactions, maximizing our return on investment.

How did you add value to the deal?

We added value to the Reginia St deal in Harrisburg, PA, by implementing our strategic whole-tailing approach. This involved a thorough property assessment and minor cosmetic improvements to enhance its market appeal. Additionally, our double closing strategy allowed us to take ownership and quickly resell the property, giving us greater control over the transaction. Efficient marketing and leveraging our extensive network also ensured we attracted potential buyers swiftly.

What was the outcome?

The outcome of the Reginia St deal in Harrisburg, PA, was a success for Partner Driven. We purchased the property for $140,000 and sold it for $163,000 using our strategic whole-tailing approach. The swift turnaround and effective marketing efforts led to a profitable transaction. This deal showcased Partner Driven's ability to execute efficient, profitable real estate investments, benefiting both our company and our partner, Carlton.