Highway 49 Lightning Sale: Doubling Profits with Seth Choate!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $25,000
Sale price: $50,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Seth Choate, successfully completed a quick sale on Hwy 49, Dover, TN 37178. We purchased the home on 11/29/2023 for $25,000 and sold it the same day for $50,000. This rapid transaction showcased our efficient investment strategy and ability to deliver profitable outcomes swiftly. The partnership with Seth Choate 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 Hwy 49 deal in Dover, TN, due to its low purchase price of $25,000 and the potential for a quick, profitable turnaround. Selling the property the same day for $50,000 presented a unique investment opportunity with minimal risk and high returns. 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 Hwy 49 deal through our partner, Seth Choate, who identified the opportunity and brought it directly to us. Leveraging Seth's local market expertise, we secured the property for $25,000. Together, we negotiated favorable terms with the seller, ensuring a swift and beneficial transaction. 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 Hwy 49 deal using its own capital, covering the $25,000 purchase price. This approach allowed us to proceed 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 same-day sale for $50,000 in collaboration with our partner, Seth Choate.

How did you add value to the deal?

Partner Driven added value to the Hwy 49 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. Additionally, our partnership with Seth Choate ensured local insights and timely execution. This swift and efficient handling of the deal enabled a same-day sale, doubling our investment and showcasing our ability to maximize returns.

What was the outcome?

The outcome of the Hwy 49 deal in Dover, TN, was highly successful. Partner Driven and Seth Choate purchased the property for $25,000 and sold it the same day for $50,000. This rapid transaction showcased our efficient investment strategy and ability to deliver quick, profitable outcomes. The deal highlighted the strength of our partnership with Seth and our commitment to maximizing returns through strategic, swift execution, resulting in a substantial profit.

Lessons learned? Challenges?

The Hwy 49 deal taught us valuable lessons and presented challenges. We learned that quick, strategic actions can yield high returns with minimal investment. The main challenge was ensuring a seamless transaction, which required precise coordination and efficient execution. Despite these challenges, the deal was highly profitable. This experience reinforced the importance of strong partnerships, quick decision-making, and effective management in real estate investments with Partner Driven.