Quick Turnaround: Grapevine Drive's Profitable Sale with Seth Choate!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $390,000
Sale price: $425,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with our partner Seth Choate, purchased a property on Grapevine Dr in Patterson, CA, for $390,000 on 7/18/2022. We successfully sold it for $425,000 on 10/20/2022. This transaction showcased our ability to quickly identify and capitalize on profitable opportunities, resulting in a strong return on investment within just a few months.

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

Partner Driven was drawn to the Grapevine Dr property due to its promising location in Patterson, CA, and the potential for a quick, profitable resale. The strong market demand in the area indicated a high likelihood of a rapid turnaround. With minimal risk and a clear path to profit, this deal aligned perfectly with our strategy of maximizing returns through strategic, well-timed real estate investments.

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

Our partner, Seth Choate, identified the Grapevine Dr property as a strong investment opportunity through his local market expertise. Once identified, we quickly analyzed the potential and moved forward with negotiations. By leveraging our combined experience and market knowledge, we were able to secure the property for $390,000. The collaboration between Partner Driven and Seth was key to negotiating favorable terms and ensuring a successful outcome.

How did you finance this deal?

Partner Driven financed the Grapevine Dr deal by utilizing internal capital, ensuring a swift and seamless transaction. By directly funding the $390,000 purchase, we maintained full control over the deal, from acquisition to resale. This approach allowed us to act quickly, minimize delays, and maximize our return on investment. Our efficient financing strategy, coupled with strategic market timing, led to a successful and profitable outcome.

How did you add value to the deal?

Partner Driven added value to the Grapevine Dr deal by leveraging our market expertise and strategic timing. Although no extensive renovations were necessary, we maximized the property's appeal through targeted marketing efforts. Our ability to identify the right buyer quickly, coupled with effective pricing strategies, increased the property's market value, leading to a profitable sale. This approach ensured a strong return on investment within a short timeframe.

What was the outcome?

The outcome of the Grapevine Dr deal was a successful and profitable transaction. Partner Driven, in collaboration with Seth Choate, purchased the property for $390,000 and sold it for $425,000 just a few months later. This quick turnaround resulted in a solid return on investment, demonstrating our ability to execute real estate deals efficiently and capitalize on market opportunities for maximum profit.

Lessons learned? Challenges?

One key lesson from the Grapevine Dr deal was the importance of swift decision-making in a competitive market. While the deal was profitable, the challenge was ensuring a quick sale without compromising on the price. We learned that even in fast-moving markets, maintaining a balance between speed and strategic pricing is crucial to maximizing returns. This experience reinforced the value of being agile and market-aware in real estate investments.