Shepherdstown Success: Quick Flip on Persimmon Lane with Ed Lindsey!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $236,000
Sale price: $280,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Ed Lindsey, successfully completed a deal on Persimmon Lane in Shepherdstown, WV. We purchased the home on 6/14/2022 for $236,000 and sold it the same day for $280,000. This quick and profitable transaction showcased our effective strategy and the strength of our partnership with Ed, highlighting our ability to deliver outstanding results through strategic investments.

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

Partner Driven was attracted to the Persimmon Lane deal in Shepherdstown, WV, due to its quick turnaround potential and strong profit margin. Acquired for $236,000 with a resale value of $280,000 on the same day, the property promised excellent returns. The strategic location and the opportunity for a fast, profitable flip made it an appealing investment opportunity.

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

Our partner, Ed Lindsey, identified the Persimmon Lane deal and brought it to our attention. Leveraging Ed's local market expertise, we quickly assessed the property's potential. Efficient negotiations secured the property for $236,000 on favorable terms. This collaboration underscores the value of strong partnerships and local insights in successfully identifying and securing profitable real estate opportunities.

How did you finance this deal?

Partner Driven financed the Persimmon Lane deal using its own capital, covering the $236,000 purchase price. This approach allowed for swift action, enabling a same-day sale for $280,000. 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?

In the Persimmon Lane deal, Partner Driven added value by leveraging strategic marketing and negotiation skills. No renovations were needed, but our efficient project management and market analysis ensured a quick and profitable flip. Our ability to secure and resell the property swiftly highlighted our expertise in maximizing value without extensive physical improvements.

What was the outcome?

The outcome of the Persimmon Lane deal in Shepherdstown, WV, was highly successful. Partner Driven and Ed Lindsey purchased the property for $236,000 and sold it the same day for $280,000. This transaction demonstrated our effective strategy and project management, resulting in a substantial profit. The deal emphasized the strength of our partnership with Ed and our commitment to achieving outstanding results through strategic investments.

Lessons learned? Challenges?

The Persimmon Lane deal provided key insights and posed challenges. Managing a quick turnaround without renovations required efficient decision-making and effective marketing. The experience highlighted the importance of strong partnerships and local market knowledge. The successful sale underscored the value of swift action and strategic planning in maximizing profitability in real estate investments.