Quick Flip Success: Profitable Partnership on McClain Mountain Rd with Erika Gilbert!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $52,000
Sale price: $74,900

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Erika Gilbert, successfully completed a profitable deal on McClain Mountain Rd in Jasper, GA. We purchased the property for $52,000 on 06/14/2024 and sold it for $74,900 the same day. This quick transaction showcased our team's ability to identify opportunities and execute effectively, resulting in a strong return on investment. Another great success with our trusted partner!

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

Partner Driven saw potential in this McClain Mountain Rd deal due to its low acquisition price of $52,000 and the potential for quick profit. The minimal need for renovation and favorable market conditions in the Jasper, GA area made this an attractive opportunity to capitalize on.

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

Partner Driven discovered the McClain Mountain Rd deal through our partner, Erika Gilbert, who had direct connections in the Jasper area. The negotiation process was smooth, focusing on securing a favorable purchase price of $52,000, allowing us to execute a quick, profitable flip without extensive renovations.

How did you finance this deal?

This deal was financed through Partner Driven’s flexible capital system, which allowed us to acquire the property quickly at $52,000. Our unique partnership model ensured that both Erika Gilbert and Partner Driven were financially aligned to achieve maximum returns on the sale.

How did you add value to the deal?

Partner Driven added value by leveraging its strategic market knowledge and efficient transaction process. With no significant renovations needed, we were able to move swiftly from purchase to sale, maximizing the deal's potential by targeting the right buyers in the Jasper area for a successful sale at $74,900.

What was the outcome?

The outcome of the McClain Mountain Rd deal was a resounding success. Purchased for $52,000 and sold for $74,900 on the same day, the deal demonstrated the efficiency of Partner Driven’s process and the strength of our collaboration with Erika Gilbert. It resulted in a solid profit and a win-win for both partners.

Lessons learned? Challenges?

This deal reinforced the importance of speed and timing. By recognizing the potential in a low-cost property and acting quickly, we avoided complications and captured a solid profit. The challenge here was ensuring the sale aligned with market demands, which we navigated effectively through our network and strategy.