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Updated 8 months ago on .
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Wall Canyon Ct Flip: Big Profits in Sun Valley with Seth Choate!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $205,000
Cash invested: $50,000
Sale price: $349,000
Contributors:
Peter Vekselman
Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Wall Canyon Ct, Sun Valley, NV. We purchased the home on 3/3/2023 for $205,000, invested $50,000 in renovations, and sold it for $349,000 on 8/31/2023. This deal showcased our effective 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 Wall Canyon Ct deal in Sun Valley, NV, due to its high profit potential. With a purchase price of $205,000 and a sale price of $349,000, the property promised substantial returns. The $50,000 renovation budget presented a clear opportunity to add value. Sun Valley's growing market further enhanced its appeal. 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 Wall Canyon Ct 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 $205,000. 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 Wall Canyon Ct deal using its own capital, covering the $205,000 purchase price and $50,000 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 Wall Canyon Ct deal by investing $50,000 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 sal
What was the outcome?
The outcome of the Wall Canyon Ct deal in Sun Valley, NV, was highly successful. Partner Driven and Seth Choate purchased the property for $205,000, invested $50,000 in renovations, and sold it for $349,000 on 8/31/2023. 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 Wall Canyon Ct deal taught us valuable lessons and presented challenges. The original budget was $25,000, but we hired a contractor who did subpar work, requiring us to hire another contractor to redo everything. Fortunately, it wasn't a huge renovation job. Despite these challenges, we didn't lose money. This experience underscored the importance of vetting contractors thoroughly and having contingency plans in place.
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- Julie Muse
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