Pine Cone Way: Transformative Flip in Mountain Ranch with Seth Choate!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $196,000
Cash invested: $42,000
Sale price: $369,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Seth Choate, successfully completed a deal on Pine Cone Way, Mountain Ranch, CA. We purchased the home on 02/11/2022 for $196,000, invested $42,000 in renovations, and sold it for $369,000 on 05/05/2022. This project highlighted our ability to enhance property value through strategic renovations and effective project management, resulting in a profitable sale.

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

Partner Driven was drawn to the Pine Cone Way property in Mountain Ranch, CA, due to its potential for significant value increase through strategic renovations. Acquired for $196,000 with a resale potential of $369,000 post-renovation, the deal offered excellent profit margins. The property's location and the scope for transformation made it an enticing investment opportunity.

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

Our partner, Seth Choate, discovered the Pine Cone Way property and brought it to our attention. Utilizing Seth's local market expertise, we quickly assessed the property's potential. Through efficient negotiations, we secured the property for $196,000 on favorable terms. This collaboration underscores the importance of strong partnerships and local insights in identifying profitable real estate opportunities.

How did you finance this deal?

Partner Driven financed the Pine Cone Way deal by leveraging its own capital, covering the $196,000 purchase price and $42,000 renovation costs. This approach ensured swift execution and availability of necessary resources, reflecting our commitment to facilitating successful real estate investments and maximizing returns for our partners.

How did you add value to the deal?

Partner Driven significantly enhanced the Pine Cone Way property by investing $42,000 in comprehensive renovations. These updates modernized the home, improved its curb appeal, and substantially increased its market value. Our efficient project management ensured timely and budget-conscious completion, while strategic marketing efforts highlighted the property's new features, attracting buyers quickly and maximizing resale value.

What was the outcome?

The Pine Cone Way deal in Mountain Ranch, CA, was a substantial success. Partner Driven and Seth Choate purchased the property for $196,000, invested $42,000 in renovations, and sold it for $369,000 on 05/05/2022. This transaction demonstrated our effective renovation strategy and project management, resulting in a significant profit. The deal emphasized the strength of our partnership with Seth and our ability to deliver outstanding results through strategic investments.

Lessons learned? Challenges?

The Pine Cone Way project provided valuable lessons and posed several challenges. Managing extensive renovations required meticulous oversight to stay within budget and meet deadlines. Coordinating contractors and maintaining project timelines were key hurdles. Despite these challenges, the successful sale at $369,000 highlighted the importance of strategic planning, efficient management, and strong partnerships in maximizing profitability in real estate investments.