W 10th St Transformation: From Crowley Fixer-Upper to a Stunning Sell!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $50,000
Cash invested: $35,000
Sale price: $121,000

Contributors:
Peter Vekselman

Partner Driven and Kody Higginbotham purchased the W 10th St property in Crowley, LA, for $50,000 on 8/27/2024. With a $35,000 renovation budget, we transformed the home, significantly enhancing its appeal and market value. The updated property sold for $121,000 on 11/8/2024. This successful project highlights our teamwork and ability to maximize value through strategic investments and improvements.

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

This property presented a perfect value-add opportunity with its low purchase price and potential for high returns. Located in Crowley, LA, it fit Partner Driven’s strategy of finding homes in need of renovations that could appeal to buyers with modernized features and design.

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

The deal came through local market research combined with insights from Kody Higginbotham. Negotiating with the seller was straightforward, leveraging the property's condition to secure a $50,000 purchase price.

How did you finance this deal?

Financing was streamlined through Partner Driven’s program, covering both the $50,000 purchase price and the $35,000 renovation budget. This allowed our partner, Kody, to focus on project execution without financial hurdles.

How did you add value to the deal?

We allocated $35,000 to renovations, focusing on interior updates and enhancing curb appeal. These strategic improvements modernized the home, making it move-in ready and increasing its desirability among buyers.

What was the outcome?

The investment paid off with the home selling for $121,000 on 11/8/2024. This project exemplified the strength of the partnership and Partner Driven’s ability to generate substantial returns through careful planning and execution.

Lessons learned? Challenges?

The biggest takeaway from this deal was the importance of balancing renovation costs with market potential. The $35,000 investment was carefully managed to avoid over-improving while still delivering an attractive property that resonated with buyers.