Old Hickory Blvd Flip: Smart Renovations Yield Big Returns in Nashville!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $130,000
Cash invested: $33,000
Sale price: $225,000

Contributors:
Peter Vekselman

We acquired a home on Old Hickory Blvd, Nashville, TN, on 4/12/2024, for $130,000. With $33,000 in strategic renovations, we modernized the space and elevated its appeal. Partnering with Seth Choate, we successfully sold the property on 10/09/2024 for $225,000. This project demonstrated the power of smart improvements and teamwork, delivering a strong return on investment.

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

This property in Nashville stood out as a prime investment opportunity, combining a great location and renovation potential. With the right upgrades, we knew it could be repositioned for a significant return, aligning perfectly with our strategy.

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

Through our extensive network, the Old Hickory Blvd property became available, and we acted quickly. Negotiations focused on maximizing value while keeping the acquisition within budget, ensuring a profitable flip opportunity.

How did you finance this deal?

Using a combination of capital from both Partner Driven and our trusted partner, Seth Choate, we funded the purchase and renovation efficiently. This collaborative approach ensured seamless financing and execution.

How did you add value to the deal?

We allocated $33,000 to targeted renovations, modernizing the interiors and improving the overall curb appeal. These strategic upgrades attracted buyers quickly, maximizing the property’s potential and market value.

What was the outcome?

The project was a success! Purchased at $130,000, the property sold for $225,000 on 10/09/2024, delivering strong profits. Partner Driven and Seth Choate’s collaboration exemplified the power of teamwork and strategic investment.

Lessons learned? Challenges?

This project reaffirmed that smart, targeted renovations deliver excellent returns without overextending. Timely completion and staying within budget are key to maximizing profit in competitive markets like Nashville.