Gibson St Flip: Big Profits in Portland with Seth Choate

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $142,000
Cash invested: $40,000
Sale price: $240,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Gibson St, Portland, TN 37148. We purchased the home on 08/15/2023 for $142,000, invested $40,000 in renovations, and sold it for $240,000 on 02/14/2024. This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes. The partnership with Seth Choate exemplified our collaborative approach to maximizing property value through strategic investments.

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

Partner Driven was interested in the Gibson St deal in Portland, TN, due to its high profit potential with a purchase price of $142,000 and a sale price of $240,000. The property required $40,000 in renovations, presenting a clear opportunity to add value. Portland's growing market added to its appeal. Partnering with Seth Choate 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 Gibson St deal through our partner, Seth Choate, who identified the opportunity and brought it directly to us. Leveraging Seth's local market knowledge, we secured the property for $142,000. Together, we negotiated favorable terms with the seller, ensuring we acquired the property at the best possible price. This collaboration underscores 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 Gibson St deal using its own capital, covering the $142,000 purchase price and $40,000 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, Seth Choate.

How did you add value to the deal?

Partner Driven added value to the Gibson St deal by investing $40,000 in comprehensive renovations. These updates modernized the property, improved 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. These efforts significantly boosted the property's value, leading to a successful sale at

What was the outcome?

The outcome of the Gibson St deal in Portland, TN, was highly successful. Partner Driven and Seth Choate purchased the property for $142,000, invested $40,000 in renovations, and sold it for $240,000 on 02/14/2024. 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 Seth and our commitment to delivering outstanding results through strategic investments.

Lessons learned? Challenges?

The Gibson St deal taught us valuable lessons and presented challenges. We learned the importance of budgeting accurately, as managing the $40,000 renovations required careful oversight. The main challenge was coordinating the renovation timeline to ensure timely completion. Despite these challenges, the successful sale highlighted the effectiveness of our partnership with Seth Choate and reinforced the value of strategic planning, efficient execution, and strong collaboration in real estate inv