Springdale Forrest Circle: Profitable Flip with Robbie Vekselman!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $93,000
Cash invested: $993
Sale price: $150,220

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Robbie Vekselman, successfully completed a deal on Springdale Forrest Circle, Gainesville, GA. We purchased the home on 05/14/2018 for $93,000, invested $993 in renovations, and sold it for $150,220 on 11/26/2018. This project highlighted our ability to enhance property value through strategic, minimal 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 Springdale Forrest Circle deal in Gainesville, GA, due to its potential for a high return on investment with minimal renovation costs. Acquired for $93,000, with only $993 allocated for renovations and a resale value of $150,220, the property offered excellent profit margins. The strategic location and low renovation cost made it an appealing investment opportunity.

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

Our partner, Robbie Vekselman, discovered the Springdale Forrest Circle deal and brought it to our attention. Leveraging Robbie's local market expertise, we quickly evaluated the property's potential. Efficient negotiations secured the property for $93,000 on favorable terms. This collaboration highlights the importance of strong partnerships and local insights in identifying and securing profitable real estate deals.

How did you finance this deal?

Partner Driven financed the Springdale Forrest Circle deal using its own capital, covering the $93,000 purchase price and $993 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 Springdale Forrest Circle deal by investing $993 in strategic, minimal renovations. These 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 $150,220.

What was the outcome?

The outcome of the Springdale Forrest Circle deal in Gainesville, GA, was highly successful. Partner Driven and Robbie Vekselman purchased the property for $93,000, invested $993 in renovations, and sold it for $150,220 on 11/26/2018. This transaction demonstrated our effective renovation strategy and project management, resulting in a substantial profit. The deal emphasized the strength of our partnership with Robbie and our commitment to delivering outstanding results through strategic investm

Lessons learned? Challenges?

The Springdale Forrest Circle deal provided valuable lessons and posed several challenges. Managing a minimal 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 $150,220 underscored the importance of strategic planning, efficient management, and strong partnerships in maximizing profitability in real estate investments.