Strategic Flip: Pointe Clear Dr Delivers Strong ROI

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $310,000
Cash invested: $28,950
Sale price: $416,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Seth Choate, purchased the Pointe Clear Dr home for $310,000 on 04/19/2024. After investing $28,950 in strategic renovations, which enhanced both the interior and curb appeal, the property was sold for $416,000 on 08/13/2024. This successful flip highlights our ability to maximize returns through efficient project management and targeted improvements.

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

Partner Driven identified the Pointe Clear Dr property as a prime investment opportunity due to its location in a growing market and its potential for value-add through strategic renovations. The home’s solid structure and neighborhood appeal aligned with our criteria for properties that can yield substantial returns with targeted improvements.

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

Partner Driven discovered the Pointe Clear Dr property through a direct-to-seller marketing campaign, highlighting our ability to secure off-market deals. Negotiations focused on the property's potential, allowing us to acquire it at a favorable price. Our experience in assessing renovation costs and market conditions gave us the confidence to negotiate a deal that promised a solid return on investment.

How did you finance this deal?

The Pointe Clear Dr acquisition was financed through a combination of Partner Driven capital and strategic funding sources. This approach allowed us to manage renovation costs effectively while ensuring a smooth transaction process. By leveraging our financial resources and expertise, we were able to secure the property and fund the necessary improvements, maximizing profitability.

How did you add value to the deal?

Partner Driven added significant value to the Pointe Clear Dr property by investing $28,950 in renovations. These improvements included updating key interior features, enhancing curb appeal, and addressing any necessary repairs. Our efficient project management ensured that renovations were completed on time and within budget, increasing the property’s market value and attracting potential buyers quickly.

What was the outcome?

The outcome of the Pointe Clear Dr deal was a resounding success. After purchasing the property for $310,000 and investing $28,950 in targeted renovations, Partner Driven sold it for $416,000 on 08/13/2024. This transaction resulted in a strong return on investment, showcasing our ability to execute a strategic flip that maximizes profits and delivers value to our partners.

Lessons learned? Challenges?

The Pointe Clear Dr project underscored the importance of precise renovation planning and execution. One challenge we faced was managing the renovation timeline within a competitive market. However, by staying on top of project management and maintaining clear communication with contractors, we overcame these challenges. The experience reinforced the value of thorough market analysis and strategic decision-making in achieving successful outcomes.