11th Ave NE Success: Quick Flip in Watertown with Traci Stephens!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $180,000
Sale price: $209,900

Contributors:
Peter Vekselman

Partner Driven and Traci Stephens purchased this Watertown, SD property on 12/06/2024 for $180,000 and sold it the same day for $209,900. With smart negotiations and a streamlined process, we capitalized on the opportunity for a quick and profitable turnaround. This deal highlights our expertise in identifying undervalued properties and delivering fast results for maximum profit.

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

We saw immediate potential in this quick flip opportunity. The property was well-located and priced under market value, offering a clear path to profit without needing significant renovations. Partner Driven and Traci Stephens recognized this as a low-risk deal with high potential for a rapid turnaround, making it a perfect addition to our portfolio.

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

This deal came through a direct seller lead, which we negotiated quickly and efficiently. After assessing the property's value and market conditions, we confidently made a competitive cash offer of $180,000. The seller was motivated to close fast, allowing us to secure the deal and set the stage for a profitable resale.

How did you finance this deal?

We utilized Partner Driven's proven funding model, leveraging our capital resources to close the deal with cash. By avoiding traditional financing, we moved swiftly to secure the property and maximize its value for a quick resale. This approach ensured minimal holding costs and a faster return on investment.

How did you add value to the deal?

The key to success on this property was recognizing its market-ready condition. While we didn’t need significant updates, our team focused on cleaning, staging, and marketing to highlight the home's features. By positioning it for a quick resale, we attracted buyers ready to close fast, ensuring maximum value with minimal input.

What was the outcome?

The property was purchased for $180,000 and sold the same day for $209,900, resulting in a swift and profitable transaction. This deal showcased our expertise in identifying quick-flip opportunities and streamlining the sales process. Partner Driven and Traci Stephens turned a solid profit without the need for major renovations.

Lessons learned? Challenges?

This deal reaffirmed the value of speed and precision. Acting quickly to identify and close under-market properties can deliver significant profits with minimal effort. The main challenge was ensuring the buyer was ready to close immediately, but our pre-listing strategy and efficient processes made this a seamless and successful transaction.