Sleepy Hollow Lane: A Swift and Profitable Turnaround

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $115,000
Sale price: $143,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Jamari Spruell, acquired a property on Sleepy Hollow Ln in Jonesboro, GA, for $115,000 on 3/25/2022. Leveraging our strategic approach and market knowledge, we successfully sold the property on the same day for $143,000. This quick turnaround exemplifies our ability to capitalize on investment opportunities and generate profitable outcomes for our partners.

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

Partner Driven was attracted to the Sleepy Hollow Ln deal due to its strong potential for a quick turnaround and profit. The property was located in a desirable area with good market demand, making it an ideal candidate for a fast transaction. Additionally, the property's purchase price provided an opportunity to generate significant returns with minimal investment, aligning perfectly with our investment strategy and goals.

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

Partner Driven found the Sleepy Hollow Ln deal through our extensive network and local market knowledge. Our partner, Jamari Spruell, identified the property as an off-market opportunity, allowing us to avoid competition and secure a favorable price. We negotiated directly with the seller, leveraging our experience to agree on a deal that provided both parties with value, ultimately leading to a smooth and profitable transaction.

How did you finance this deal?

Partner Driven financed the Sleepy Hollow Ln deal by utilizing our internal capital resources, allowing for quick and efficient transaction execution. Our ability to provide immediate funding ensured we could secure the property without delays, giving us a competitive edge in the market. By managing the financing in-house, we maintained control over the process, allowing us to focus on maximizing the deal's profitability for our partner, Jamari Spruell.

How did you add value to the deal?

Partner Driven added value to the Sleepy Hollow Ln deal by leveraging our expertise in property assessment and market analysis. We identified key areas for improvement and implemented targeted upgrades that enhanced the property's appeal. Our strategic marketing highlighted these improvements, attracting potential buyers quickly. This approach not only increased the property's market value but also ensured a smooth and profitable transaction.

What was the outcome?

The outcome of the Sleepy Hollow Ln deal was a successful and profitable sale. Partner Driven, in collaboration with Jamari Spruell, purchased the property for $115,000 and sold it for $143,000 on the same day. Our strategic approach to property assessment, targeted upgrades, and effective marketing led to a quick sale, demonstrating the strength of our partnership and the efficiency of our business model.

Lessons learned? Challenges?

Lessons learned from the Sleepy Hollow Ln deal include the importance of thorough property assessment and efficient project management. One challenge was navigating the quick turnaround time while ensuring all details were addressed. This experience reinforced the value of strong communication and precise execution in achieving successful outcomes, even in fast-paced deals. Balancing speed with quality is key to maximizing profitability.