Owens Creek Rd Quick Flip: Profitable Partnership in Catheys Valley with Seth Choate!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $250,000
Cash invested: $20,000
Sale price: $350,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Seth Choate, successfully completed a quick flip on Owens Creek Road, Catheys Valley, CA. We purchased the home on 11/01/2022 for $250,000, invested $20,000 in renovations, and sold it for $350,000 on the same day. This deal showcased our efficient transaction 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 Owens Creek Rd deal in Catheys Valley, CA, due to its high profit potential and quick turnaround. With a purchase price of $250,000 and a sale price of $350,000 on the same day, the property promised substantial returns. Catheys 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 Owens Creek Rd 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 $250,000. 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 Owens Creek Rd deal using its own capital, covering the $250,000 purchase price and $20,000 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, Seth Choate.

How did you add value to the deal?

Partner Driven added value to the Owens Creek Rd deal by investing $20,000 in targeted renovations. These updates modernized the property, improved its curb appeal, and significantly increased its market value. Our efficient project management ensured timely, on-budget completion. 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 sale at $350,000.

What was the outcome?

The outcome of the Owens Creek Rd deal in Catheys Valley, CA, was highly successful. Partner Driven and Seth Choate purchased the property for $250,000, invested $20,000 in renovations, and sold it for $350,000 on the same day. 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.

Lessons learned? Challenges?

The Owens Creek Rd deal taught us valuable lessons and presented challenges. Coordinating a same-day sale required precise timing, efficient communication, and meticulous planning. Managing the $20,000 renovation budget and ensuring timely completion were key challenges. Despite these, the successful sale at $350,000 highlighted the importance of strategic planning, effective project management, and strong partnerships in achieving quick and profitable outcomes with Partner Driven.