Beaugard Cove Flip: Profitable Turnaround in Memphis with John Robertson!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $142,000
Cash invested: $40,000
Sale price: $270,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with John Robertson, successfully completed a fix-and-flip on Beaugard Cove, Memphis, TN. We purchased the home on 8/22/2023 for $142,000, invested $40,000 in renovations, and sold it for $270,000 on 10/26/2023. This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes. The partnership with John Robertson 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 Beaugard Cove deal in Memphis, TN, due to its high profit potential. With a purchase price of $142,000 and a sale price of $270,000, the property promised substantial returns. The $40,000 renovation budget presented a clear opportunity to add value. Memphis's growing market further enhanced its appeal. Partnering with John Robertson 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 Beaugard Cove deal through our partner, John Robertson, who identified the opportunity and brought it directly to us. Leveraging John’s local market expertise, we secured the property for $142,000. Together, we negotiated favorable terms with the seller, ensuring a beneficial deal. 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 Beaugard Cove deal using its own capital, covering the $142,000 purchase price and $40,000 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, John Robertson.

How did you add value to the deal?

Partner Driven added value to the Beaugard Cove deal by investing $40,000 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 Beaugard Cove deal in Memphis, TN, was highly successful. Partner Driven and John Robertson purchased the property for $142,000, invested $40,000 in renovations, and sold it for $270,000 on 10/26/2023. 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 John and our commitment to delivering outstanding results through strategic investments.

Lessons learned? Challenges?

The Beaugard Cove deal taught us valuable lessons and presented challenges. Using a new contractor, I was amazed by their efficiency. On day one, they completed the roof replacement and all demolition. The entire renovation took only 3.5 weeks. This experience highlighted the importance of finding reliable contractors and reinforced the value of efficient project management in real estate investments with Partner Driven.