Quick Flip on Garfield Street: Big Returns in Sioux City with Mark Raby!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $60,000
Sale price: $87,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Mark Raby, successfully completed a deal on Garfield Street, Sioux City, IA. We purchased the home on 9/16/2022 for $60,000 and sold it the same day for $87,000. This quick and profitable transaction highlighted our efficient investment strategy and the strength of our partnership with Mark Raby. The deal exemplifies our ability to deliver outstanding results through strategic investments.

What made you interested in investing in this type of deal?

Partner Driven was interested in the Garfield Street deal in Sioux City, IA, due to its quick turnaround potential. With a purchase price of $60,000 and a sale price of $87,000 on the same day, the property promised substantial immediate returns. The low initial investment and high resale value made it an attractive opportunity. Partnering with Mark Raby provided valuable local insights, enhancing the deal's appeal for Partner Driven.

How did you find this deal and how did you negotiate it?

We found the Garfield Street deal through our partner, Mark Raby, who identified the opportunity and brought it directly to us. Leveraging Mark's local market expertise, we secured the property for $60,000. 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 Garfield Street deal using its own capital, covering the $60,000 purchase price. This approach allowed us to move quickly and efficiently, ensuring the transaction 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, Mark Raby.

How did you add value to the deal?

Partner Driven added value to the Garfield Street deal by leveraging our efficient investment strategy and market expertise. We capitalized on the property's potential for a quick resale at a higher price. Our strategic marketing efforts and strong network of buyers facilitated a swift sale. These efforts significantly increased the property's market value, leading to a successful and profitable transaction on the same day.

What was the outcome?

The outcome of the Garfield Street deal in Sioux City, IA, was highly successful. Partner Driven and Mark Raby purchased the property for $60,000 and sold it the same day for $87,000. This transaction showcased our efficient investment strategy and project management skills, resulting in a substantial profit. The deal highlighted the strength of our partnership with Mark and our commitment to delivering outstanding results through strategic investments.

Lessons learned? Challenges?

The Garfield Street deal taught us valuable lessons and presented challenges. Managing a same-day transaction required meticulous planning and coordination. Ensuring all legal and financial processes were completed swiftly was crucial. Despite these challenges, the successful sale at $87,000 highlighted the importance of strategic planning, effective project management, and strong partnerships in maximizing profitability in real estate investments with Partner Driven.