Quick Flip Success: Turning $18K into $28K in Saint Marys, OH

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $18,000
Sale price: $28,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Rodney Lomax, successfully acquired a property on Windsor Dr, Saint Marys, OH, for $18,000 on 8/12/2024. The property was sold on the same day for $28,000, showcasing our ability to execute quick, profitable transactions. This deal highlights the strength of our partnership and our strategic approach to maximizing returns, even in smaller investment opportunities.

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

Partner Driven saw potential in this low-cost property on Windsor Dr, Saint Marys, OH, due to its strategic location and market demand. With minimal risk and the opportunity for a quick turnaround, this deal aligned perfectly with our investment strategy. Partner Driven specializes in identifying properties that can yield fast profits with limited upfront investment, making this an ideal opportunity.

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

This deal came to us through our extensive network, with our partner Rodney Lomax bringing the opportunity to the table. We negotiated directly with the seller, leveraging our expertise in the market to secure the property at a low cost. Our direct negotiation approach allowed us to quickly finalize the deal, ensuring we could capitalize on the opportunity without delays.

How did you finance this deal?

Partner Driven financed this deal using our established capital reserves, allowing us to close quickly and efficiently. By working closely with our partner Rodney Lomax, we ensured that all financial aspects were handled smoothly, enabling a fast transaction with minimal hurdles. Our approach to financing allowed us to secure and flip the property on the same day, maximizing profit.

How did you add value to the deal?

In this deal, the primary value was added through swift execution rather than extensive renovations. Partner Driven leveraged its strategic marketing and sales network to quickly resell the property. By identifying the right buyer and closing the sale on the same day, we were able to maximize profit without additional investment, demonstrating our efficiency and market acumen.

What was the outcome?

The outcome of the Windsor Dr deal was a successful, quick flip. Partner Driven and Rodney Lomax bought the property for $18,000 and sold it the same day for $28,000, resulting in a fast, profitable transaction. This deal exemplifies our ability to identify and capitalize on lucrative opportunities in the real estate market with minimal risk and maximum return.

Lessons learned? Challenges?

The Windsor Dr deal highlighted the importance of speed and market awareness. By acting quickly, we were able to secure and flip the property in one day, minimizing risk and maximizing profit. The main challenge was ensuring all financial and legal aspects were handled swiftly, but our established processes and experienced team made this a seamless transaction.