Quick Flip Triumph: N 31st Success with Ernest Bannister!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $80,000
Sale price: $105,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Ernest Bannister, successfully completed a deal on N 31st, Philadelphia, PA. We purchased the home on 7/21/2022 for $80,000 and sold it for $105,000. This profitable transaction demonstrated our effective strategy and the strength of our partnership with Ernest. The deal highlights our ability to deliver outstanding results through strategic investments.

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

Partner Driven was drawn to the N 31st deal in Philadelphia, PA, due to its quick turnaround potential and strong profit margin. Purchased for $80,000 with a resale value of $105,000 on the same day, the property promised excellent returns. The strategic location in a thriving market and the opportunity for a fast, profitable flip made it an attractive investment opportunity.

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

Our partner, Ernest Bannister, discovered the N 31st deal in Philadelphia and brought it to our attention. Leveraging Ernest's local market expertise, we quickly assessed the property's potential. Negotiations were handled efficiently, securing the property for $80,000 with favorable terms. This collaboration underscores the value of strong partnerships and local insights in identifying and securing profitable real estate opportunities.

How did you finance this deal?

Partner Driven financed the N 31st deal using its own capital, covering the $80,000 purchase price. This approach allowed for swift action, enabling a same-day sale for $105,000. Our financial commitment ensured a smooth and expedited transaction, reflecting our dedication to providing necessary resources for successful real estate ventures and maximizing profitability through strategic investments.

How did you add value to the deal?

Partner Driven added value to the N 31st deal by leveraging our strategic marketing and negotiation skills. Although no renovations were needed, our efficient project management and market analysis ensured the property was quickly flipped for a profit. Our ability to swiftly secure and resell the property highlighted our expertise in maximizing value without extensive physical improvements.

What was the outcome?

The outcome of the N 31st deal in Philadelphia was highly successful. Partner Driven and Ernest Bannister purchased the property for $80,000 and sold it the same day for $105,000. This transaction showcased our effective strategy and project management, resulting in a substantial profit. The deal emphasized the strength of our partnership with Ernest and our commitment to achieving outstanding results through strategic investments.

Lessons learned? Challenges?

The N 31st deal taught us valuable lessons. The primary challenge was managing a quick turnaround without renovations. We learned the importance of swift decision-making and effective marketing in fast-paced deals. The experience highlighted the value of strong partnerships and local market knowledge. The successful outcome reinforced our strategy of leveraging expertise to maximize profits even in short-term investments.