Sierra Drive Success: Profitable Flip in Coulterville with Seth Choate!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $185,000
Cash invested: $33,900
Sale price: $280,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Seth Choate, successfully completed a deal on Sierra Drive, Coulterville, CA 95311. We purchased the home on 7/9/2021 for $185,000, invested $33,900 in renovations, and sold it for $280,000 on 7/15/2022. This profitable transaction showcased our efficient investment strategy and the strength of our partnership with Seth Choate. 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 Sierra Drive deal in Coulterville, CA, due to its strong profit potential. With a purchase price of $185,000 and a resale value of $280,000 after $33,900 in renovations, the property offered substantial returns. The growing Coulterville market and strategic location further enhanced its appeal. Partnering with Seth Choate 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 Sierra Drive 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 $185,000. 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 Sierra Drive deal using its own capital, covering the $185,000 purchase price and $33,900 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 Sierra Drive deal by investing $33,900 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.

What was the outcome?

The outcome of the Sierra Drive deal in Coulterville, CA, was highly successful. Partner Driven and Seth Choate purchased the property for $185,000, invested $33,900 in renovations, and sold it for $280,000 on 7/15/2022. This transaction showcased our effective renovation strategy and project management skills, resulting in a substantial profit and highlighting our strong partnership with Seth.

Lessons learned? Challenges?

The Sierra Drive deal taught us valuable lessons and presented challenges. Managing the $33,900 renovation budget required careful oversight to ensure timely completion. Coordinating contractors and staying on schedule were key challenges. Despite these, the successful sale at $280,000 highlighted the importance of strategic planning, effective project management, and strong partnerships in maximizing profitability.