Triple Your Investment: Wright Road Flip Success with Rose Brown!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $74,900
Cash invested: $42,000
Sale price: $204,900

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Rose Brown, successfully completed a fix-and-flip on Wright Road, Fayetteville, TN 37334. We purchased the home on 9/22/2023 for $74,900, invested $42,000 in renovations, and sold it for $204,900 on 1/16/2024. This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes. The partnership with Rose Brown 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 Wright Road deal in Fayetteville, TN, due to its high profit potential. With a purchase price of $74,900 and a sale price of $204,900, the property promised substantial returns. The $42,000 renovation budget presented a clear opportunity to add value. Fayetteville's growing market further enhanced its appeal. Partnering with Rose Brown 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 Wright Road deal through our partner, Rose Brown, who identified the opportunity and brought it directly to us. Leveraging Rose's local market knowledge, we secured the property for $74,900. Together, we negotiated favorable terms with the seller, ensuring we acquired the property at a great 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 Wright Road deal using its own capital, covering the $74,900 purchase price and $42,000 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, Rose Brown.

How did you add value to the deal?

Partner Driven added value to the Wright Road deal by investing $42,000 in comprehensive renovations. These updates 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. These efforts significantly boosted the property's value, leading to a successful sale.

What was the outcome?

The outcome of the Wright Road deal in Fayetteville, TN, was highly successful. Partner Driven and Rose Brown purchased the property for $74,900, invested $42,000 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 Rose and our commitment to delivering outstanding results through strategic investments.

Lessons learned? Challenges?

The Wright Road deal taught us valuable lessons and presented challenges. We learned the importance of precise budgeting, as we managed $42,000 in renovations. The main challenge was ensuring timely completion of renovations to meet market demand. Despite these challenges, we achieved a successful sale at $204,900. This experience reinforced the value of strategic planning, effective project management, and strong partnerships in maximizing profitability in real estate investments.