S Homan Ave Success: Profitable Flip in Chicago with Antonio!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $120,000
Cash invested: $1,111
Sale price: $210,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with our partner Antonio, successfully completed a deal on S Homan Ave, Chicago, IL. We purchased the home on 06/18/2018 for $120,000, invested $1,111.97 in renovations, and sold it for $210,000 on 11/19/2018. This project demonstrated our ability to quickly enhance property value through minor updates and effective project management, resulting in a profitable sale.

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

Partner Driven was attracted to the S Homan Ave property in Chicago, IL, due to its potential for a high return on investment with minimal renovation costs. The property was acquired for $120,000, with a resale potential of $210,000 after minor updates. The strategic location and the low initial investment made it an appealing and lucrative investment opportunity.

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

Our partner, Antonio, identified the S Homan Ave opportunity and brought it to our attention. Leveraging Antonio's local market knowledge, we quickly evaluated the property's potential. Efficient negotiations secured the property for $120,000 on favorable terms. This collaboration underscores the importance of strong partnerships and local expertise in identifying and securing profitable real estate opportunities.

How did you finance this deal?

Partner Driven financed the S Homan Ave deal by utilizing its own capital, covering the $120,000 purchase price and the $1,111.97 renovation costs. This approach enabled a swift transaction and ensured the necessary resources were available promptly. Our financial strategy reflects our commitment to facilitating successful real estate investments and maximizing returns for our partners.

How did you add value to the deal?

Partner Driven added value to the S Homan Ave property by investing $1,111.97 in targeted renovations. These minor updates modernized the home, enhanced its curb appeal, and significantly increased its market value. Our efficient project management ensured the renovations were completed quickly and within budget, while strategic marketing efforts highlighted the property's improved features, attracting buyers and maximizing the resale value.

What was the outcome?

The outcome of the S Homan Ave deal in Chicago, IL, was highly successful. Partner Driven and Antonio purchased the property for $120,000, invested $1,111.97 in renovations, and sold it for $210,000 on 11/19/2018. This transaction showcased our effective strategy and project management, resulting in a substantial profit. The deal highlighted the strength of our partnership with Antonio and our commitment to delivering outstanding results through strategic investments.

Lessons learned? Challenges?

The S Homan Ave project provided valuable lessons and posed a few challenges. Managing minor renovations required careful oversight to ensure timely completion within the budget. Coordinating the swift turnaround and maintaining the property's appeal were key hurdles. Despite these, the successful sale at $210,000 underscored the importance of strategic planning, efficient management, and strong partnerships in maximizing real estate investment profitability.