Turning Renovations into Revenue on Stowers Road

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $115,000
Cash invested: $1,170
Sale price: $199,900

Contributors:
Peter Vekselman

Partner Driven, alongside partners Julie Muse and Cody, purchased a home on Stowers Road, W Dawsonville, GA, for $115,000 on 08/24/2018. We invested $20,350 in strategic renovations to enhance the property's appeal and market value. This effort led to a successful sale on 12/03/2018 for $199,900, demonstrating the effectiveness of our renovation and marketing strategies, resulting in a substantial profit.

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

Partner Driven was drawn to the Stowers Road property due to its potential for significant value appreciation with targeted renovations. The market analysis indicated a strong opportunity for a profitable flip, making it an ideal investment for us and our partners, Julie Muse and Cody.

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

The Stowers Road deal was sourced through our extensive network of real estate professionals and off-market opportunities. We negotiated the purchase at $115,000 by leveraging our market knowledge and emphasizing the quick, cash-based closing, which appealed to the seller’s need for a fast transaction.

How did you finance this deal?

Partner Driven financed the Stowers Road deal through our partnership model, providing the necessary capital for both the purchase and renovations. We combined our resources with those of our partners, Julie Muse and Cody, ensuring a smooth transaction and timely project completion.

How did you add value to the deal?

Value was added to the Stowers Road property through strategic renovations, including essential upgrades and aesthetic improvements. We invested $20,350 to modernize the home, increase its curb appeal, and ensure it was market-ready, thereby significantly boosting its market value.

What was the outcome?

The outcome of the Stowers Road project was highly successful. After investing $20,350 in targeted renovations, we were able to sell the property for $199,900 on 12/03/2018. This resulted in a substantial profit for both Partner Driven and our partners, Julie Muse and Cody. The deal exemplified our ability to identify opportunities, execute efficient renovations, and achieve impressive returns.

Lessons learned? Challenges?

One key lesson learned from the Stowers Road project is the importance of thorough market research to ensure that renovations align with buyer expectations and local market conditions. Additionally, we realized the value of collaborating closely with partners to maintain clear communication and a unified vision for the property. While the project was successful, we faced challenges in managing timelines and budgets, highlighting the need for flexibility and proactive problem-solving.