Quick Mobile Home Flip: Big Gains on Roberts Rd with Seth Choate!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $50,000
Cash invested: $2,000
Sale price: $72,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Roberts Rd, Mascot, TN 37806. We purchased the mobile home on 9/8/2023 for $50,000, invested $2,000 in renovations, and sold it for $72,000 on 10/13/2023. This deal showcased our efficient 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 Roberts Rd mobile home deal in Mascot, TN, due to its high profit potential and quick turnaround. With a purchase price of $50,000 and a sale price of $72,000, the property promised substantial returns. The minimal $2,000 renovation budget presented a low-risk opportunity. 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 Roberts Rd mobile home 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 $50,000. 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 Roberts Rd deal using its own capital, covering the $50,000 purchase price and $2,000 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 partner, Seth Choate.

How did you add value to the deal?

Partner Driven added value to the Roberts Rd home deal by investing $2,000 in targeted renovations. These updates improved the property's appeal and market value. Our efficient project management ensured the renovations were completed swiftly and within budget. Additionally, our strategic marketing efforts highlighted the property's features, attracting buyers quickly. These efforts significantly boosted the property's value, leading to a successful sale at $72,000.

What was the outcome?

The outcome of the Roberts Rd mobile home deal in Mascot, TN, was highly successful. Partner Driven and Seth Choate purchased the property for $50,000, invested $2,000 in renovations, and sold it for $72,000 on 10/13/2023. 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 Roberts Rd mobile home deal taught us valuable lessons and presented challenges. We learned that even minimal investment, such as cleaning the mobile home and handling overgrown landscaping, can significantly boost the property's value. The main challenge was ensuring these updates were sufficient to attract buyers. This experience reinforced the importance of strategic minimal improvements and effective marketing in real estate investments with Partner Driven.