Decatur Flip Triumph: Big Gains with Ivan West on Woods Drive

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $240,000
Cash invested: $38,500
Sale price: $355,000

Partner Driven, in collaboration with Ivan West, successfully completed a fix-and-flip on Woods Drive, Decatur, GA. We purchased the home on 9/29/2023 for $240,000, invested $38,500 in renovations, and sold it for $355,000. This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes. The partnership with Ivan West exemplified our ability to maximize property value through strategic investments and collaborative efforts.

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

Partner Driven was interested in the Woods Drive deal in Decatur, GA, due to its high profit potential with a purchase price of $240,000 and a sale price of $355,000. The property required $38,500 in renovations, presenting a clear opportunity to add value. The growing market in Decatur further enhanced its appeal. Partnering with Ivan West provided local insights and expertise, making this an attractive and strategic investment for Partner Driven.

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

We found the Woods Drive deal through our partner, Ivan West, who identified the opportunity and brought it directly to us. Ivan's local market knowledge was crucial in securing the property for $240,000. Together, we negotiated favorable terms with the seller, leveraging our combined expertise to ensure the best possible deal. This collaboration exemplifies the importance of strong partnerships and local insights in identifying and negotiating profitable real estate opportunities.

How did you finance this deal?

Partner Driven financed the Woods Drive deal using its own capital, covering the $240,000 purchase price and $38,500 in renovation costs. This approach allowed us to proceed quickly and efficiently, avoiding delays and ensuring the project stayed on track. Our financial support highlighted our commitment to providing the necessary resources for successful real estate investments, enabling a smooth and profitable transaction in collaboration with our partner, Ivan West.

How did you add value to the deal?

Partner Driven added value to the Woods Drive deal by investing $38,500 in strategic renovations. These improvements modernized the property and enhanced its market appeal. Our efficient project management ensured the renovations were completed on time and within budget. Additionally, our effective marketing strategies highlighted the property's new features, attracting buyers quickly. These efforts significantly increased the property's value, leading to a profitable sale at $355,000.

What was the outcome?

The outcome of the Woods Drive deal in Decatur, GA, was highly successful. Partner Driven and Ivan West purchased the property for $240,000, invested $38,500 in renovations, and sold it for $355,000. This transaction showcased our effective renovation and marketing strategies, resulting in a substantial profit. The deal highlighted the strength of our partnership with Ivan West and our ability to deliver outstanding results through strategic investments.

Lessons learned? Challenges?

Working with Ivan West, who is also the realtor, taught us valuable lessons and presented challenges. Despite our 10-year partnership, we faced challenges in coordinating the renovation timeline with market conditions. However, Ivan's local expertise and our strong relationship helped us navigate these obstacles. This experience reinforced the importance of collaboration, strategic planning, and flexibility in achieving successful outcomes in real estate investments with Partner Driven.