Church Street Success: Profitable Flip in Stockton with Seth Choate!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $200,000
Cash invested: $5,000
Sale price: $251,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Seth Choate, successfully completed a deal on E Church Street, Stockton, CA. We purchased the home on 08/08/2021 for $200,000, invested $5,000 in renovations, and sold it for $251,000 on 06/06/2022. This project highlighted our ability to 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 attracted to the E Church Street deal in Stockton, CA, due to its potential for a solid return on investment. The property was acquired for $200,000, with a minimal renovation budget of $5,000, and a promising resale value of $251,000. The strategic location and opportunity to enhance the property's value with minor improvements made it an appealing investment.

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

Our partner, Seth Choate, identified the E Church Street deal and brought it to our attention. Utilizing Seth's local market expertise, we quickly assessed the property's potential. Efficient negotiations secured the property for $200,000 under favorable terms. This collaboration underscores the importance of strong partnerships and local insights in identifying and securing profitable real estate opportunities.

How did you finance this deal?

Partner Driven financed the E Church Street deal using its own capital, covering the $200,000 purchase price and $5,000 renovation costs. This financial strategy enabled timely project execution and ensured 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 E Church Street deal by investing $5,000 in strategic renovations. These minor improvements modernized the property and enhanced its market appeal. 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 $251,000.

What was the outcome?

The outcome of the E Church Street deal in Stockton, CA, was highly successful. Partner Driven and Seth Choate purchased the property for $200,000, invested $5,000 in renovations, and sold it for $251,000 on 06/06/2022. This transaction demonstrated our effective renovation strategy and project management, resulting in substantial profit. The deal emphasized the strength of our partnership with Seth and our commitment to delivering outstanding results through strategic investments.

Lessons learned? Challenges?

The E Church Street deal provided valuable lessons and posed several challenges. Managing a small 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 $251,000 underscored the importance of strategic planning, efficient management, and strong partnerships in maximizing profitability in real estate investments.