Investment Info:

Single-family residence fix & flip investment.

Purchase price: $37,500
Cash invested: $15,000
Sale price: $65,000

Contributors:
Peter Vekselman

Partner Driven, in partnership with Billy Medlen, purchased a property on Preston St, Crocker, MO, for $37,500 on 11/16/2023. We invested $15,000 in targeted renovations, enhancing both the property's interior and exterior. The improvements boosted its market value, leading to a successful sale at $65,000 on 8/21/2024, showcasing our strategic approach and effective project execution.

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

Partner Driven was attracted to the Preston St property due to its potential for significant value increase with minimal investment. The market conditions in Crocker, MO, combined with the property's solid structure, made it an ideal candidate for a quick, profitable renovation.

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

This deal was sourced through our extensive network, allowing us to secure it at an attractive price. Negotiation was focused on obtaining a purchase price that left room for a profitable flip after planned renovations.

How did you finance this deal?

Partner Driven financed the Preston St property through a combination of private capital and strategic partnership with Billy Medlen. This approach allowed us to move quickly, securing the property and covering renovation costs efficiently.

How did you add value to the deal?

Value was added through targeted renovations totaling $15,000, focusing on both aesthetic and functional improvements. By upgrading key areas and improving curb appeal, we significantly increased the property's market value.

What was the outcome?

The outcome was a successful sale of the property for $65,000 on 8/21/2024, generating a solid return on investment. The quick turnaround and effective project management highlighted Partner Driven's expertise in the real estate market.

Lessons learned? Challenges?

A key lesson from this project was the importance of targeted renovations. By focusing on high-impact improvements, we maximized the property's value while staying within budget. The main challenge was ensuring the renovations were completed on time, but our efficient project management overcame this hurdle.