Benton St Flip: Fast Profit in Pleasant Hill!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $50,000
Sale price: $160,000

Contributors:
Peter Vekselman

Partner Driven and Archie Raglin bought this Pleasant Hill property on Benton St for $50,000. Leveraging strategic market appeal, we turned it around the same day, securing a sale at $160,000. This quick profit flip highlighted our expertise in identifying high-potential properties and executing rapid sales for substantial gains in Pleasant Hill’s thriving market.

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

Partner Driven saw the Benton St property as an opportunity to achieve a high return with minimal initial investment, focusing on its high potential in the Pleasant Hill market. The property's quick-sale prospects aligned with our strategy for fast, profitable flips.

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

Partner Driven identified this deal through local market research and a strong connection with our partner, Archie Raglin. We negotiated a purchase price of $50,000, recognizing the quick resale potential.

How did you finance this deal?

We financed this acquisition by leveraging Partner Driven’s capital resources, ensuring we could act swiftly on the Benton St property while allowing our partner, Archie Raglin, to engage in a low-risk investment.

How did you add value to the deal?

Instead of extensive renovations, we focused on strategic market positioning to enhance the property's appeal. Our real estate expertise was instrumental in maximizing interest and attracting offers.

What was the outcome?

This deal proved successful with a rapid same-day sale. We acquired the property for $50,000, and with targeted strategies, achieved a $160,000 sale. This quick flip was a testament to our effective approach in Pleasant Hill.

Lessons learned? Challenges?

Recognizing the potential in properties with minimal improvement needs allowed us to streamline this process. We learned that some properties simply require strong market insights and timing rather than major renovations to achieve a solid profit.