Partner Driven, in collaboration with Garrett Moretz, successfully completed a fix-and-flip on Burning Lane, Stony Point, NC 28678. We purchased the home on 10/6/2023 for $162,000, invested $60,000 in renovations, and sold it for $290,000 on 2/15/2024. This deal showcased our efficient renovation strategy and commitment to delivering profitable outcomes. Partnering with Garrett Moretz exemplified our ability to maximize property value through strategic investments and collaboration.

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

Partner Driven was interested in the Burning Lane deal in Stony Point, NC, due to its high profit potential with a purchase price of $162,000 and a sale price of $290,000. The property needed $60,000 in renovations, presenting a clear opportunity to add value. Stony Point's growing market added to its appeal. Partnering with Garrett Moretz provided valuable local insights, 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 Burning Lane deal through our partner, Garrett Moretz, who identified the opportunity and brought it directly to us. Garrett's local market knowledge was crucial in securing the property for $162,000. Together, we negotiated favorable terms with the seller, leveraging our combined expertise to ensure a beneficial deal. This collaboration highlights 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 Burning Lane deal using its own capital, covering the $162,000 purchase price and $60,000 in renovation costs. This approach allowed us to move quickly and efficiently, ensuring the project stayed on track. Our financial support demonstrated our commitment to providing the necessary resources for successful real estate investments, enabling a smooth and profitable transaction in collaboration with our partner, Garrett Moretz.

How did you add value to the deal?

Partner Driven added value to the Burning Lane deal by investing $60,000 in comprehensive renovations. These improvements modernized the property, enhanced its curb appeal, and increased its market value. Our efficient project management ensured the renovations were completed on time and within budget. Additionally, our strategic marketing efforts highlighted the property's new features, attracting buyers quickly and maximizing the property's appeal, leading to a successful sale at $290,000.

What was the outcome?

The outcome of the Burning Lane deal in Stony Point, NC, was highly successful. Partner Driven and Garrett Moretz purchased the property for $162,000, invested $60,000 in renovations, and sold it for $290,000 on 2/15/2024. This transaction showcased our effective renovation strategy and project management skills, resulting in a substantial profit. The deal highlighted the strength of our partnership with Garrett and our commitment to delivering outstanding results through strategic investments.

Lessons learned? Challenges?

This first-ever flip with our partner Garrett Moretz taught us valuable lessons and presented challenges. We learned the importance of clear communication and collaboration throughout the renovation process. Managing the $60,000 renovations required careful oversight to stay on budget and schedule. Despite these challenges, the successful sale highlighted the effectiveness of our partnership and the potential for future profitable ventures. The experience reinforced the value of strategic planni