Greendale Lane Success: Profitable Flip in Jonesboro with Jamari Sprueli!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $165,000
Cash invested: $35,000
Sale price: $245,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Jamari Sprueli, successfully completed a deal on Greendale Lane, Jonesboro, GA. We purchased the home on 5/18/2022 for $165,000, invested $35,000 in renovations, and sold it for $245,000 on 8/19/2022. This profitable transaction showcased our efficient investment strategy and the strength of our partnership with Jamari Sprueli. 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 Greendale Lane deal in Jonesboro, GA, due to its promising profit potential. With a purchase price of $165,000 and a resale value of $245,000 after $35,000 in renovations, the property offered substantial returns. The growing Jonesboro market and strategic location further enhanced its appeal. Partnering with Jamari Sprueli provided valuable local insights, making this an attractive investment for Partner Driven.

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

We found the Greendale Lane deal through our partner, Jamari Sprueli, who identified the opportunity and brought it directly to us. Leveraging Jamari's local market expertise, we secured the property for $165,000. 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 Greendale Lane deal using its own capital, covering the $165,000 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, Jamari Sprueli.

How did you add value to the deal?

Partner Driven added value to the Greendale Lane deal by investing $35,000 in renovations. These updates modernized the property, improved its curb appeal, and increased its market value. Our efficient project management ensured the renovations were completed on time and within budget. 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 $245,000.

What was the outcome?

The outcome of the Greendale Lane deal in Jonesboro, GA, was highly successful. Partner Driven and Jamari Sprueli purchased the property for $165,000, invested $35,000 in renovations, and sold it for $245,000 on 8/19/2022. 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 Jamari and our commitment to delivering outstanding results through strategic investments.

Lessons learned? Challenges?

The Greendale Lane 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 $245,000 highlighted the importance of strategic planning, effective project management, and strong partnerships in maximizing profitability in real estate investments with Partner Driven.