Fast Flip Success: Profitable Turnaround on Larsen Lane

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $218,000
Cash invested: $2,500
Sale price: $285,000

Partner Driven, with Jamie Munden, completed a fix-and-flip on Larsen Lane in Shawnee, KS. We bought the property for $218,000 on 2/28/2024, spent $2,500 on repairs, and enhanced its appeal with minor touches. Our efficient strategy allowed us to sell it within one month for $285,000 on 3/29/2024. This quick, profitable transaction highlights Partner Driven's commitment to delivering outstanding results and maximizing returns through strategic actions and partnerships.

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

We were interested in the Larsen Lane deal in Shawnee, KS, due to several key factors: High Profit Potential: The property had significant profit potential, with a purchase price of $218,000 and a sale price of $285,000. Low Repair Costs: With only $2,500 needed for repairs, the investment required minimal additional funds. Quick Turnaround: The fix-and-flip strategy allowed for a rapid transaction, reducing holding costs. Partnership with Jamie Munden: Collaborating with Jamie provided valuable

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

We found the Larsen Lane deal through our partner, Jamie Munden, who identified the opportunity and brought it directly to us from the seller. Leveraging Jamie's local market knowledge, we secured the property for $218,000. Our combined expertise and strategic approach enabled us to negotiate favorable terms, ensuring a successful fix-and-flip transaction for Partner Driven.

How did you finance this deal?

We financed the Larsen Lane deal using Partner Driven's capital, covering the $218,000 purchase price and $2,500 in repair costs. This approach allowed us to proceed swiftly and efficiently, ensuring the project stayed on track and was completed without delays. After selling the property for $285,000, we split the profits 50/50 with our partner, Jamie Munden, demonstrating our commitment to mutually beneficial partnerships and successful real estate investments.

How did you add value to the deal?

We added value to the Larsen Lane deal by implementing several strategic actions. First, we performed a thorough cleanup and made minor repairs, spending $2,500 to enhance the property's appeal. Our efficient fix-and-flip strategy, combined with effective marketing and leveraging our network, enabled us to attract buyers quickly. These efforts maximized the property's value and resulted in a profitable sale, demonstrating Partner Driven's ability to enhance real estate investments through target

What was the outcome?

The outcome of the Larsen Lane deal in Shawnee, KS, was highly successful. We purchased the property for $218,000, invested $2,500 in minor repairs and cleanup, and sold it for $285,000 within one month. This quick and profitable transaction showcased our effective fix-and-flip strategy. After the sale, we split the profits 50/50 with our partner, Jamie Munden. This deal highlighted Partner Driven's commitment to delivering outstanding results and maximizing returns through strategic actions and

Lessons learned? Challenges?

The Larsen Lane deal taught us valuable lessons and presented challenges. We learned that minimal repairs and cleanup can yield significant returns, eliminating the need for complex renovations. By focusing on essential improvements, we maximized profit while minimizing time and investment. Partnering with Jamie Munden enhanced our ability to find and execute profitable deals. The main challenges included ensuring correct pricing and marketing for a quick sale.