Mother-Son Triumph: Cindy & Damon Robbins' Condo Success

[Julie Muse]

Investment Info:

Condo fix & flip investment.

Purchase price: $294,500
Cash invested: $55,000
Sale price: $634,888

Partner Driven, with Cindy and Damon Robbins, completed a profitable condo deal. We bought the condo on 8/5/2023 for $294,500 and sold it on 3/5/2024 for $634,888. We guided the mother-son team through making an offer on a short sale, a process that took almost a year but was well worth it. This deal highlights Partner Driven's commitment to mentoring partners and achieving outstanding results through strategic investments.

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

We were interested in the condo deal with Cindy and Damon Robbins due to several key factors: High Profit Potential: The purchase price of $294,500 and the sale price of $634,888 offered a significant profit margin. Strategic Investment: The opportunity to acquire the property through a short sale presented a unique investment angle. Partnership with Cindy and Damon Robbins: Collaborating with this dedicated mother-son team allowed us to leverage their commitment and local insights.

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

We found the condo deal through our network, identifying it as a short sale opportunity. Cindy and Damon Robbins, our dedicated mother-son team, brought the deal to our attention. Leveraging our expertise, we guided them through making an offer on the short sale. The negotiation process was lengthy, taking almost a year, but our persistence and strategic approach ensured we secured the property for $294,500, setting the stage for a highly profitable transaction.

How did you finance this deal?

We financed the condo deal using Partner Driven's capital, covering the $294,500 purchase price. This approach allowed us to proceed efficiently and without delays, ensuring the project's smooth execution. Our financial support demonstrated our commitment to providing the necessary resources for successful real estate investments. Partner Driven's backing enabled Cindy and Damon Robbins to focus on navigating the short sale process and preparing the property for a profitable sale.

How did you add value to the deal?

We added value to the condo deal by leveraging our expertise in short sales and guiding Cindy and Damon Robbins through the process. This included providing strategic advice on making a competitive offer, which was crucial in securing the property at a favorable price of $294,500. We also helped prepare the condo for sale, ensuring it was in prime condition to attract buyers. Our comprehensive marketing strategy highlighted the condo's features, maximizing its appeal and market value.

What was the outcome?

The outcome of the condo deal was highly successful. We purchased the property for $294,500 and sold it for $634,888, resulting in a significant profit. Our strategic guidance and marketing efforts, combined with the dedication of Cindy and Damon Robbins, ensured a smooth and profitable transaction. This deal exemplified the effectiveness of Partner Driven's collaborative approach and commitment to achieving outstanding results.

Lessons learned? Challenges?

The condo deal with Cindy and Damon Robbins taught us valuable lessons and presented several challenges. We learned that persistence pays off, as navigating a short sale can be a lengthy process requiring strategic planning and continuous effort. The importance of providing clear guidance to our partners was evident in Cindy and Damon's successful navigation of the short sale process. Effective marketing strategies were essential for maximizing the property's value and appeal.