Quick Flip Success: E Ingram Street, Stockton Delivers Big!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $190,000
Sale price: $250,000

Contributors:
Peter Vekselman

Partner Driven, in partnership with Seth Choate, purchased a home on E Ingram Street in Stockton, CA, for $190,000 on 09/30/2018. This strategic acquisition and quick resale, completed on the same day, resulted in a successful sale for $250,000. The deal highlighted our ability to identify profitable opportunities and execute them efficiently, delivering a substantial return on investment.

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

Partner Driven was drawn to the E Ingram Street property due to its strong potential for a quick turnaround and profit. The property's market conditions and location in Stockton made it an ideal candidate for a fast resale, aligning perfectly with our investment strategy.

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

This deal was sourced through our partner, Seth Choate, who identified the opportunity in the Stockton market. Leveraging his local market expertise, we swiftly negotiated the purchase at $190,000, securing the property under favorable terms that allowed us to capitalize on the quick resale potential.

How did you finance this deal?

We financed the E Ingram Street deal using our internal capital, ensuring a smooth and expedited transaction. This approach enabled us to purchase and resell the property on the same day, maximizing our return on investment and demonstrating the efficiency of our financial strategy.

How did you add value to the deal?

Given the nature of this quick flip, our value addition was primarily in identifying the property’s potential and executing a timely resale. Our strategic approach allowed us to capitalize on the property's market value without the need for extensive renovations, highlighting our ability to make swift, profitable decisions.

What was the outcome?

The outcome of the E Ingram Street deal was highly profitable. We purchased the property for $190,000 and sold it the same day for $250,000, achieving a significant return on investment. This deal exemplifies our capability to execute quick and lucrative flips, further solidifying our success in the real estate market.

Lessons learned? Challenges?

This deal underscored the importance of quick decision-making and efficient execution in real estate. The primary challenge was ensuring all logistics aligned for a same-day sale, but our preparation and experience ensured a smooth process. The success reinforced our strategy of leveraging market opportunities for fast profits.