Waterford Windfall: Profitable Flip on N Pasadena Ave with Seth Choate!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $162,000
Cash invested: $1,460
Sale price: $272,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with our partner Seth Choate, successfully completed a deal on N Pasadena Ave, Waterford, CA. We purchased the home on 04/08/2022 for $162,000, invested $1,460 in renovations, and sold it for $272,000 on the same day. This transaction highlighted our ability to quickly identify and enhance profitable opportunities, resulting in a significant return on investment through effective market strategy and partnership.

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

Partner Driven was drawn to the N Pasadena Ave property in Waterford, CA, due to its potential for a high return on investment with minimal renovation costs. Acquired for $162,000 and resold for $272,000 the same day, the deal offered excellent profit margins. The property's prime location and immediate resale potential made it an attractive investment opportunity.

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

Our partner, Seth Choate, identified the N Pasadena Ave property and presented it to us. Leveraging Seth's local market insights, we quickly assessed its potential. Through efficient negotiations, we secured the property for $162,000 on favorable terms. This collaboration underscores the value of strong partnerships and local expertise in identifying and securing lucrative real estate opportunities.

How did you finance this deal?

Partner Driven financed the N Pasadena Ave deal using its own capital, covering the $162,000 purchase price and the $1,460 renovation costs. This approach allowed for a swift transaction and ensured that all necessary resources were promptly available. By utilizing our own funds, we could efficiently execute the deal and maximize returns, demonstrating our commitment to facilitating successful real estate investments for our partners.

How did you add value to the deal?

Partner Driven added value to the N Pasadena Ave property by investing $1,460 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 N Pasadena Ave deal in Waterford, CA, was a remarkable success. Partner Driven and Seth Choate purchased the property for $162,000, invested $1,460 in renovations, and sold it the same day for $272,000. This transaction showcased our ability to swiftly identify and capitalize on profitable opportunities. The outcome highlighted our strategic approach and strong partnership, resulting in a substantial profit with minimal time investment.

Lessons learned? Challenges?

The N Pasadena Ave project taught us valuable lessons and posed some challenges. Coordinating a same-day sale required precise timing and effective communication. Despite these hurdles, the deal highlighted the importance of thorough market analysis, strategic planning, and strong partnerships. The success emphasized the potential of quick turnaround strategies in real estate, reinforcing the value of agility and efficient processes in maximizing profitability.