Swift Success on SW Taylor St: Quick Turnaround in Topeka!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $40,000
Sale price: $45,000

Contributors:
Peter Vekselman

We purchased a home on SW Taylor St, Topeka, KS, on 9/20/2024 for $40,000 with our partner Archie Raglin. Despite its modest price, the property was ideal for a quick turnaround. With minimal improvements, we successfully sold the home the same day for $45,000, demonstrating our ability to capitalize on fast transactions and strong market demand.

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

Partner Driven was drawn to the SW Taylor St property because of its low purchase price and high potential for a quick resale. The deal offered minimal risk with a good opportunity for profit, aligning with our strategy of fast turnarounds in high-demand markets.

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

We found the SW Taylor St property through market research and local connections in the Topeka area. Our team negotiated a purchase price of $40,000, recognizing that even with minimal improvements, the home could yield a profitable return.

How did you finance this deal?

This deal was financed using Partner Driven's capital, along with contributions from our partner, Archie Raglin. Together, we leveraged our resources to swiftly complete the transaction, ensuring both efficiency and profitability.

How did you add value to the deal?

Although no major renovations were required, Partner Driven enhanced the home’s appeal through strategic improvements and marketing. By targeting the right buyers and presenting the property effectively, we increased its perceived value and sold it quickly for a profit.

What was the outcome?

The outcome of the SW Taylor St deal was a success. We purchased the property for $40,000 and sold it on the same day for $45,000, achieving a fast and profitable transaction. This result showcased our ability to make smart investments and execute efficient deals.

Lessons learned? Challenges?

One key lesson from this transaction was recognizing the value of speed. The quick sale reinforced the importance of identifying low-risk opportunities and capitalizing on market conditions. We faced minimal challenges, as the property was sold quickly without requiring extensive renovations.

[Malcomb Stapel]

@Julie Muse I'm in Topeka, how do we get on your buyers list?