Kipling Street Win: Quick Detroit Flip with Rod King!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $197,000
Sale price: $205,000

Contributors:
Peter Vekselman

Partner Driven and Rod King acquired this Detroit property on Kipling St for $197,000 and made a swift resale on the same day for $205,000. This fast turnaround highlighted our ability to identify profitable opportunities and act decisively, creating value with minimal holding time. It’s a testament to our efficient processes and strategic partnership with Rod.

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

Partner Driven saw Kipling St as an ideal opportunity for a rapid return with minimal holding. Its favorable location in Detroit and demand for local housing presented a straightforward profit path, allowing us to quickly flip and earn, making it a strong choice for Partner Driven and Rod King.

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

We found Kipling St through targeted local market research, identifying it as a quick-turn opportunity. Negotiations focused on a win-win approach, securing the property at $197,000, aligning with market value, while setting us up for a profitable resale with a trusted buyer on the same day.

How did you finance this deal?

Partner Driven financed the Kipling St acquisition using internal capital resources, allowing for a smooth and quick transaction. Our swift funding process meant there were no delays, enabling us to complete the same-day purchase and resale seamlessly and achieve rapid returns with Rod King.

How did you add value to the deal?

By leveraging strong negotiation skills and market knowledge, Partner Driven secured Kipling St below comparable prices, making it attractive for immediate resale. We highlighted its prime Detroit location to potential buyers, enhancing appeal without needing extensive improvements, creating a win-win outcome.

What was the outcome?

The Kipling St deal resulted in a same-day flip, purchased for $197,000 and sold for $205,000, yielding an instant profit. This outcome demonstrated Partner Driven’s ability to identify and execute rapid-turn deals effectively, underscoring the benefits of our partnership with Rod King.

Lessons learned? Challenges?

Kipling St reinforced the importance of market timing and swift transactions. Our Detroit market insight enabled us to act fast, turning a profit in one day. However, we also learned that even in high-demand areas, careful buyer vetting is key to ensure smooth closings on fast flips.