Instant Profit: Lightning Fast Sale on 45th St with Mark Millett!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $40,000
Sale price: $63,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Mark Millett, successfully completed a quick sale on 45th St, Birmingham, AL 35212. We purchased the home on 12/08/2023 for $40,000 and sold it for $63,000. This rapid transaction showcased our efficient investment strategy and ability to deliver profitable outcomes swiftly. The partnership with Mark Millett exemplified our collaborative approach to real estate success and quick market responsiveness.

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

Partner Driven was interested in the 45th St deal in Birmingham, AL, due to its low purchase price of $40,000 and the potential for a quick, profitable turnaround. Selling the property the same day for $63,000 presented a unique investment opportunity with minimal risk and high returns. Partnering with Mark Millett 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 45th St deal through our partner, Mark Millett, who identified the opportunity and brought it directly to us. Mark's local market expertise was crucial in securing the property for $40,000. Together, we negotiated favorable terms with the seller, ensuring a swift and beneficial transaction. 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 45th St deal using its own capital, covering the $40,000 purchase price. This approach allowed us to move quickly and efficiently, ensuring a seamless transaction. Our financial support demonstrated our commitment to providing the necessary resources for successful real estate investments. By utilizing our capital, we facilitated a rapid turnaround, enabling a sale for $63,000 in collaboration with our partner, Mark Millett.

How did you add value to the deal?

Partner Driven added value to the 45th St deal by leveraging our market expertise and strategic approach. Although no major renovations were needed, our effective negotiation and rapid transaction management significantly increased the property's market value. Our partnership with Mark Millett ensured local insights and timely execution. This swift and efficient handling of the deal enabled a same-day sale, turning a quick profit and showcasing our ability to maximize investment returns.

What was the outcome?

The outcome of the 45th St deal in Birmingham, AL, was highly successful. Partner Driven and Mark Millett purchased the property for $40,000 and sold it the same day for $63,000. This rapid transaction showcased our efficient investment strategy and ability to deliver quick, profitable outcomes. The deal highlighted the strength of our partnership with Mark and our commitment to maximizing returns through strategic, swift execution, resulting in a substantial profit.

Lessons learned? Challenges?

The 45th St deal taught us valuable lessons and presented challenges. We learned the importance of swift decision-making and market responsiveness. The main challenge was ensuring a smooth transaction, which required precise coordination and efficient execution. Despite these challenges, the deal was highly profitable. This experience reinforced the value of strong partnerships, quick turnaround strategies, and adaptability in real estate investments with Partner Driven.