Foss Ave Flip: Big Returns in Drexel Hill with Shannon Johnson!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $215,000
Cash invested: $35,000
Sale price: $380,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Shannon Johnson, successfully completed a fix-and-flip on Foss Ave, Drexel Hill, PA 19026. We purchased the home on 8/23/2022 for $215,000, invested $35,000 in renovations, and sold it for $380,000 on 10/28/2022. This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes. The partnership with Shannon Johnson 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 Foss Ave deal in Drexel Hill, PA, due to its high profit potential. With a purchase price of $215,000 and a sale price of $380,000, the property promised substantial returns. The $35,000 renovation budget presented a clear opportunity to add value. Drexel Hill's growing market further enhanced its appeal. Partnering with Shannon Johnson 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 Foss Ave deal through our partner, Shannon Johnson, who identified the opportunity and brought it directly to us. Leveraging Shannon's local market expertise, we secured the property for $215,000. 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 Foss Ave deal using its own capital, covering the $215,000 purchase price and $35,000 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, Shannon Johnson.

How did you add value to the deal?

Partner Driven added value to the Foss Ave deal by investing $35,000 in comprehensive 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 highlighted the property's new features, attracting buyers quickly. These efforts boosted the property's value, leading to a successful sale at $380,000.

What was the outcome?

The outcome of the Foss Ave deal in Drexel Hill, PA, was highly successful. Partner Driven and Shannon Johnson purchased the property for $215,000, invested $35,000 in renovations, and sold it for $380,000 on 10/28/2022. 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 Shannon and our commitment to delivering outstanding results through strategic investments.

Lessons learned? Challenges?

The Foss Ave deal taught us valuable lessons and presented challenges. Managing the $35,000 renovation budget required careful oversight to ensure timely completion. Coordinating contractors and staying on schedule were key challenges. Despite these, the successful sale at $380,000 highlighted the importance of strategic planning, effective project management, and strong partnerships in maximizing profitability in real estate investments with Partner Driven.