Briar Oak Triumph: Huge Profits in Crocker with Billy & Traci Medlen

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $74,900
Cash invested: $43,000
Sale price: $204,900

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Billy and Traci Medlen, successfully completed a fix-and-flip on Briar Oak, Crocker, MO. We purchased the home on 10/25/2023 for $74,900, put on $43,000 in renovations, and sold it for $204,900 on 01/16/2024. Originally targeting a sales price of $189,900, we exceeded expectations by meeting the unique needs of a buyer who was going blind, adding grab bars and other modifications. This deal exemplifies our commitment to strategic investments and flexibility.

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

Partner Driven was interested in the Briar Oak deal in Crocker, MO, due to its high profit potential with a purchase price of $74,900 and a sale price of $204,900. The property required $43,000 in renovations, presenting a clear opportunity to add value. Crocker's growing market added to its appeal. Partnering with Billy and Traci Medlen 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 Briar Oak deal through our partners, Billy and Traci Medlen, who identified the opportunity and brought it directly to us. Leveraging their local market knowledge, we secured the property for $74,900. Together, we negotiated favorable terms with the seller, ensuring we acquired the property at the best possible price. 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 Briar Oak deal using its own capital, covering the $74,900 purchase price and $43,000 in renovation costs. This approach allowed us to proceed 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 partners, Billy and Traci Medlen.

How did you add value to the deal?

Partner Driven added value to the Briar Oak deal by investing $43,000 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.

What was the outcome?

The outcome of the Briar Oak deal in Crocker, MO, was highly successful. Partner Driven and Billy and Traci Medlen purchased the property for $74,900, invested $43,000 in renovations, and sold it for $204,900 on 01/16/2024. 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 Billy and Traci and our commitment to delivering outstanding results.

Lessons learned? Challenges?

Originally, we aimed for a sales price of $189,900 but sold for $204,900. The realtor brought in a buyer who was going blind, and we outfitted the house to her specific needs with grab bars and other modifications. This experience taught us the value of flexibility and meeting unique buyer needs, which can significantly enhance property appeal and sales outcomes.