Vero Beach Victory: Profitable Flip on 4th Pl SW with Francisco Diego!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $100,000
Cash invested: $73,000
Sale price: $267,500

Contributors:
Peter Vekselman

Partner Driven, in partnership with Francisco Diego, acquired a home on 4th Pl SW, Vero Beach, FL, for $100,000 on 3/31/2022. We invested $73,000 in comprehensive renovations and sold the property for $267,500 on 7/8/2022. This project highlighted our ability to significantly enhance property value through strategic renovations and effective project management, resulting in a successful and profitable sale.

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

Partner Driven was drawn to the 4th Pl SW deal in Vero Beach, FL, due to its substantial profit potential. Acquired for $100,000 with a projected resale value of $267,500 after $73,000 in renovations, the property offered excellent returns. The strategic location in a growing market and the opportunity to significantly increase the property's value through renovations made it an attractive investment.

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

Our partner, Francisco Diego, identified the 4th Pl SW deal in Vero Beach, FL, and brought it to our attention. Utilizing Francisco's local market insights, we quickly evaluated the property's potential. Negotiations were conducted efficiently, securing the property for $100,000 with favorable terms. This collaboration underscores the importance of strong partnerships and local expertise in securing profitable real estate opportunities.

How did you finance this deal?

Partner Driven financed the 4th Pl SW deal using its own capital, covering both the $100,000 purchase price and the $73,000 renovation costs. This financial strategy allowed for timely project execution and ensured that the necessary resources were available to complete the renovations. Our commitment to providing financial backing underscores our dedication to successful real estate investments and maximizing profitability.

How did you add value to the deal?

Partner Driven added value to the 4th Pl SW deal by investing $73,000 in extensive renovations. These improvements modernized the property, enhanced its curb appeal, and significantly increased its market value. Our efficient project management ensured timely and budget-conscious completion of the renovations. Additionally, our strategic marketing efforts highlighted the property's new features, attracting buyers quickly and maximizing the sale price to $267,500.

What was the outcome?

The outcome of the 4th Pl SW deal in Vero Beach, FL, was highly successful. Partner Driven and Francisco Diego purchased the property for $100,000, invested $73,000 in renovations, and sold it for $267,500 on 7/8/2022. This transaction demonstrated our effective renovation strategy and project management, resulting in substantial profit. The deal highlighted the strength of our partnership with Francisco and our commitment to delivering outstanding results through strategic investments.

Lessons learned? Challenges?

The 4th Pl SW project offered valuable lessons and posed several challenges. Managing the $73,000 renovation budget required careful oversight to stay within financial limits and meet deadlines. Coordinating contractors and maintaining the project schedule were key hurdles. Despite these challenges, the successful sale at $267,500 underscored the importance of strategic planning, efficient management, and strong partnerships in maximizing profitability in real estate investments.