Powder Branch Road Flip: Big Profits in Johnson City with Ryan Phipps!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $165,000
Cash invested: $35,619
Sale price: $294,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Ryan Phipps, successfully completed a fix-and-flip on Powder Branch Rd, Johnson City, TN 37601. We purchased the home on 3/21/2023 for $165,000, invested $35,619 in renovations, and sold it for $294,000 on 8/29/2023. This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes. The partnership with Ryan Phipps 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 Powder Branch Rd deal in Johnson City, TN, due to its high profit potential. With a purchase price of $165,000 and a sale price of $294,000, the property promised substantial returns. The $35,619 renovation budget presented a clear opportunity to add value. Johnson City's growing market further enhanced its appeal. Partnering with Ryan Phipps 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 Powder Branch Rd deal through our partner, Ryan Phipps, who identified the opportunity and brought it directly to us. Leveraging Ryan's local market expertise, we secured the property for $165,000. 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 Powder Branch Rd deal using its own capital, covering the $165,000 purchase price and $35,619 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, Ryan Phipps.

How did you add value to the deal?

Partner Driven added value to the Powder Branch Rd deal by investing $35,619 in comprehensive renovations. These updates modernized the property, enhanced its curb appeal, and significantly 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 boosted the property's value, leading to a successful s

What was the outcome?

The outcome of the Powder Branch Rd deal in Johnson City, TN, was highly successful. Partner Driven and Ryan Phipps purchased the property for $165,000, invested $35,619 in renovations, and sold it for $294,000 on 8/29/2023. 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 Ryan and our commitment to delivering outstanding results through strategic investments.

Lessons learned? Challenges?

The Powder Branch Rd deal taught us valuable lessons and presented challenges. We learned the importance of precise budgeting, as the $35,619 renovation required careful oversight. One challenge was managing the renovation timeline to ensure timely completion. Despite these challenges, the successful sale at $294,000 highlighted the value of strategic planning, effective project management, and strong partnerships in maximizing profitability in real estate investments with Partner Driven.