Quick Flip Success: Raven Cliff Rd with Partner Rodney Lomax!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $180,000
Sale price: $216,000

Contributors:
Peter Vekselman

Partner Driven and Rodney Lomax purchased the property on Raven Cliff Rd, Graysville, TN, for $180,000 on 9/24/2024. We capitalized on market demand and sold it the same day for $216,000. This deal exemplifies our expertise in swift property transactions, providing solid returns through strategic investments.

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

This property presented a promising opportunity due to its desirable location in Graysville, TN, and its potential for quick appreciation. Partner Driven was drawn to the deal because of the high demand for properties in the area, allowing for a quick turnaround and a solid return on investment.

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

The Raven Cliff Rd property was found through our network of local contacts and market research. Negotiations were straightforward, with the seller motivated to close quickly, which allowed Partner Driven and Rodney Lomax to secure a favorable purchase price of $180,000.

How did you finance this deal?

We financed this deal using our typical approach—leveraging Partner Driven's resources and capital, allowing our partner, Rodney Lomax, to focus on property improvements without the stress of upfront financing. This strategy enabled swift purchasing and closing processes.

How did you add value to the deal?

Although we didn’t complete major renovations, Partner Driven added value by ensuring the property was in optimal condition for a quick resale. Strategic marketing efforts also played a key role in presenting the property to potential buyers, leading to a same-day sale at $216,000.

What was the outcome?

The outcome of the Raven Cliff Rd deal was highly successful. Partner Driven and Rodney Lomax purchased the home for $180,000 and sold it for $216,000 on the same day. This transaction demonstrated our expertise in quick flips and effective marketing, yielding a strong profit for our partner.

Lessons learned? Challenges?

A key takeaway from this deal was the importance of acting quickly in a competitive market. Minimal repairs and focused marketing ensured we didn't miss the opportunity to flip this property within a single day. The swift execution highlighted the value of preparation and timing in profitable real estate investments.