Swift Success: Quick Flip on SE Blockton Ave, Port Saint Lucie!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $400,000
Sale price: $449,000

Contributors:
Peter Vekselman

Partner Driven, alongside Matt & Penny Winfrey, bought a property on SE Blockton Ave in Port Saint Lucie, FL, on 8/29/2024 for $400,000. With swift action and strategic market placement, we sold it for $449,000 on 9/4/2024. This deal highlights our ability to execute fast transactions and maximize returns with minimal hold time, thanks to efficient teamwork and market insight.

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

This deal attracted Partner Driven due to its prime location in Port Saint Lucie, FL, and the potential for a quick turnaround. With a favorable market and minimal improvements needed, we saw a profitable opportunity to capitalize on the high demand in the area.

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

The property was found through a direct-to-seller strategy, leveraging our partner network with Matt & Penny Winfrey. Negotiations focused on offering an all-cash deal and a quick close, which allowed us to secure the property at $400,000.

How did you finance this deal?

This deal was financed through a combination of Partner Driven capital and funds from Matt & Penny Winfrey, allowing for a swift cash purchase that gave us an edge in negotiations and facilitated a rapid transaction.

How did you add value to the deal?

By quickly assessing the market and taking advantage of the property's high demand, Partner Driven added value through a well-timed sale without requiring extensive renovations. Strategic pricing and marketing efforts attracted buyers immediately.

What was the outcome?

The outcome was a successful and profitable transaction. Purchased for $400,000 and sold for $449,000 within a matter of days, this deal showcased our ability to execute rapid flips while delivering solid returns for our partners.

Lessons learned? Challenges?

A key takeaway from this deal was the importance of timing. We recognized market conditions were optimal for a fast flip, and our ability to act quickly minimized holding costs while maximizing profit. The lesson: market timing and decisive action are critical in maximizing success.