Quick Flip Success on Pala Mesa Drive: Minimal Investment, Maximum Return!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $185,000
Cash invested: $500
Sale price: $234,000

Contributors:
Peter Vekselman

Partner Driven, alongside our partner Graham Lyster, successfully completed a deal on Pala Mesa Drive in Kingman, AZ. We purchased the home on 02/17/2022 for $185,000, invested $500 in minimal renovations, and sold it for $234,000 on 04/12/2022. This quick turnaround demonstrated our ability to maximize profit with minimal investment, showcasing effective market strategy and strong partnership.

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

Partner Driven was interested in the Pala Mesa Drive property due to its promising location and potential for a quick, profitable turnaround. The minimal renovation requirements and favorable market conditions made it an attractive investment. With a purchase price of $185,000 and a resale potential of $234,000, this deal aligned perfectly with our strategy of maximizing returns through strategic investments.

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

Our partner, Graham Lyster, discovered the Pala Mesa Drive property and brought it to our attention. Utilizing Graham's knowledge of the local market, we quickly assessed the property's potential. Negotiations were swift and efficient, allowing us to secure the home for $185,000. The collaboration between Partner Driven and Graham was key in identifying this lucrative opportunity and closing the deal on favorable terms.

How did you finance this deal?

Partner Driven financed the Pala Mesa Drive deal using our internal capital resources. By funding the $185,000 purchase price and the $500 renovation costs directly, we ensured a fast and smooth transaction. This approach allowed us to maintain control over the entire process, from acquisition to resale, ultimately maximizing our profitability and demonstrating our commitment to successful real estate partnerships.

How did you add value to the deal?

Partner Driven added value to the Pala Mesa Drive property by strategically investing $500 in minor renovations that enhanced its appeal. Despite the minimal investment, these updates improved the home's marketability, making it more attractive to potential buyers. Our team also executed a targeted marketing strategy that highlighted the property's features, leading to a quick sale and maximizing the return on investment.

What was the outcome?

The Pala Mesa Drive deal in Kingman, AZ, was a significant success. Partner Driven and Graham Lyster purchased the property for $185,000, invested $500 in minor renovations, and sold it for $234,000 on 04/12/2022. This quick and profitable transaction underscored our ability to efficiently manage real estate investments, delivering strong results for our partners while minimizing time and financial inputs.

Lessons learned? Challenges?

The Pala Mesa Drive project reinforced the importance of identifying properties with strong resale potential and minimal renovation needs. The challenge was ensuring that even minor updates added significant value. The success of this deal highlighted the effectiveness of strategic investments and efficient project management in achieving high returns. It also emphasized the value of partnerships in uncovering and capitalizing on profitable opportunities.