W 136th Ave Flip: Cedar Lake Success with Ron Rowan!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $180,000
Cash invested: $37,413
Sale price: $325,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Ron Rowan, successfully completed a fix-and-flip on W 136th Ave, Cedar Lake, IN 46303. We purchased the home on 3/17/2023 for $180,000, invested $37,413 in renovations, and sold it for $325,000 on 7/30/2023. This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes. The partnership with Ron Rowan 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 W 136th Ave deal in Cedar Lake, IN, due to its high profit potential. With a purchase price of $180,000 and a sale price of $325,000, the property promised substantial returns. The $37,413 renovation budget presented a clear opportunity to add value. Cedar Lake's growing market further enhanced its appeal. Partnering with Ron Rowan 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 W 136th Ave deal through our partner, Ron Rowan, who identified the opportunity and brought it directly to us. Leveraging Ron's local market expertise, we secured the property for $180,000. 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 W 136th Ave deal using its own capital, covering the $180,000 purchase price and $37,413 in renovation costs. This approach allowed us to move 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, Ron Rowan.

How did you add value to the deal?

Partner Driven added value to the W 136th Ave deal by investing $37,413 in comprehensive renovations. These updates modernized the property, improved its curb appeal, and significantly increased its market value. Our efficient project management ensured the renovations were completed on time and within budget. Our strategic marketing efforts highlighted the property's new features, attracting buyers quickly. These efforts boosted the property's value, leading to a successful sale at $325,000.

What was the outcome?

The outcome of the W 136th Ave deal in Cedar Lake, IN, was highly successful. Partner Driven and Ron Rowan purchased the property for $180,000, invested $37,413 in renovations, and sold it for $325,000 on 7/30/2023. 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 Ron and our commitment to delivering outstanding results through strategic investments.

Lessons learned? Challenges?

The W 136th Ave deal taught us valuable lessons and presented challenges. Managing the $37,413 renovation budget required careful oversight to ensure timely completion. Coordinating contractors and staying on schedule were key challenges. Despite these, the successful sale at $325,000 highlighted the importance of strategic planning, effective project management, and strong partnerships in maximizing profitability in real estate investments with Partner Driven.