De Gage Drive Quick Flip: Profits in Prairieville with Denis and Samantha!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $220,000
Cash invested: $1,500
Sale price: $245,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Denis and Samantha, successfully completed a quick flip on De Gage Drive, Prairieville, LA 70769. We purchased the home on 02/18/2022 for $220,000, invested $1,500 in renovations and sold it for $245,000 on 11/10/2022. This deal showcased our efficient transaction strategy and commitment to delivering profitable outcomes. The partnership with Denis and Samantha 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 De Gage Drive deal in Prairieville, LA, due to its quick profit potential. With a purchase price of $220,000 and minimal renovation costs of $1,500, the property promised a substantial return with a sale price of $245,000. Prairieville's growing market further enhanced its appeal. Partnering with Denis and Samantha 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 De Gage Drive deal through our partners, Denis and Samantha, who identified the opportunity and brought it directly to us. Leveraging their local market expertise, we secured the property for $220,000. 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 De Gage Drive deal using its own capital, covering the $220,000 purchase price and $1,500 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 partners, Denis and Samantha.

How did you add value to the deal?

Partner Driven added value to the De Gage Drive deal by investing $1,500 in targeted renovations. These updates improved the property's 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 features, attracting buyers quickly. These efforts boosted the property's value, leading to a successful sale at $245,000.

What was the outcome?

The outcome of the De Gage Drive deal in Prairieville, LA, was highly successful. Partner Driven and Denis/Samantha purchased the property for $220,000, invested $1,500 in renovations, and sold it for $245,000 on 11/10/2022. This transaction showcased our efficient strategy and project management, resulting in a substantial profit. The deal highlighted the strength of our partnership with Denis and Samantha and our commitment to outstanding results.

Lessons learned? Challenges?

The De Gage Drive deal taught us valuable lessons and presented challenges. Managing the minimal $1,500 renovation budget required careful oversight to ensure the best use of resources. Coordinating quick updates and marketing the property effectively were key challenges. Despite these, the successful sale at $245,000 highlighted the importance of strategic planning, efficient project management, and strong partnerships in maximizing profitability in real estate investments with Partner Driven.