Devon Drive Quick Flip: Profitable Deal in Albany with Kim Morris!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $158,000
Sale price: $200,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Kim Morris, successfully completed a deal on Devon Drive, Albany, GA. We purchased the home on 05/04/2022 for $158,000 and sold it for $200,000 on the same day. This project highlighted our ability to identify and quickly capitalize on profitable opportunities, resulting in a swift and successful sale with excellent returns.

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

Partner Driven was attracted to the Devon Drive deal in Albany, GA, due to its potential for a high return on investment with no renovation costs. Acquired for $158,000 and a quick resale value of $200,000, the property offered excellent profit margins. The strategic location and swift transaction made it an appealing investment opportunity.

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

Our partner, Kim Morris, identified the Devon Drive deal and brought it to our attention. Utilizing Kim's local market expertise, we quickly assessed the property's potential. Efficient negotiations secured the property for $158,000 on 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 Devon Drive deal using its own capital, covering the $158,000 purchase price. This financial strategy enabled a rapid transaction and ensured the necessary resources were available to complete the deal. 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 Devon Drive deal by leveraging strategic market insights and efficient transaction management. While no renovations were required, our effective project management and marketing efforts ensured a swift resale at $200,000. These strategies maximized the property's appeal and attracted buyers quickly, highlighting our ability to generate substantial returns with minimal investment.

What was the outcome?

The outcome of the Devon Drive deal in Albany, GA, was highly successful. Partner Driven and Kim Morris purchased the property for $158,000 and sold it for $200,000 on the same day. This transaction demonstrated our effective market strategy and project management, resulting in a significant profit. The deal emphasized the strength of our partnership with Kim and our commitment to delivering outstanding results through strategic investments.

Lessons learned? Challenges?

The Devon Drive deal provided important insights and presented a few challenges. Achieving a quick turnaround required detailed planning and coordination. Managing the fast transaction process and maintaining the property's market appeal were key challenges. Despite these, the successful sale at $200,000 underscored the importance of strategic planning, effective management, and strong partnerships in maximizing real estate investment profitability.