Swift Flip Success: McDonald St. Profits in a Day!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $10,000
Sale price: $25,000

Contributors:
Peter Vekselman

We purchased a property on McDonald Street, Bluefield, VA, on 7/1/2024 for $10,000. Partner Driven, along with Fallon Poole, successfully sold it the same day for $25,000. This quick flip highlighted our ability to identify and execute high-return opportunities efficiently. By leveraging market knowledge and strategic partnerships, we turned a modest investment into a profitable transaction.

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

We saw great potential in this low-cost opportunity on McDonald Street, Bluefield, VA. The property's location and price point aligned perfectly with our strategy to execute fast-turnaround, high-profit deals. Partner Driven knew that with minimal investment and a well-timed sale, this deal could generate a significant return, making it an appealing investment.

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

Partner Driven identified this deal through our network and partner, Fallon Poole. Once located, we acted quickly to secure the property for $10,000. By maintaining a close relationship with the seller and using clear, effective negotiation strategies, we were able to close the deal at a price that set us up for a fast, profitable flip.

How did you finance this deal?

Partner Driven leveraged its strong financial resources to quickly purchase the McDonald Street property for $10,000. Our well-established funding strategy allowed us to move swiftly without delays, ensuring a smooth transaction. The combination of speed and efficiency gave us the ability to secure the property and execute our investment plan seamlessly.

How did you add value to the deal?

Partner Driven added value by identifying the property's hidden potential and leveraging our market expertise. With minimal intervention required, we quickly repositioned the property in the market. Our understanding of timing and buyer demand allowed us to maximize its value, ensuring a rapid and profitable sale without any significant renovation costs.

What was the outcome?

The McDonald Street deal was a resounding success. Purchased for $10,000 and sold on the same day for $25,000, this swift transaction showcased our ability to execute fast, high-return deals. Partner Driven's keen market insight and collaboration with Fallon Poole led to a significant profit, demonstrating the strength of our investment strategy.

Lessons learned? Challenges?

This deal highlighted the importance of acting swiftly on low-cost opportunities. By leveraging market knowledge and a trusted partner network, we were able to achieve a substantial profit with minimal investment. The main lesson here was the value of speed and decisiveness in executing profitable flips in competitive markets.