Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 2 days ago, 01/03/2025
Team Effort Pays Off: Stunning 14th St Flip Success in Fond du Lac!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $58,500
Cash invested: $55,000
Sale price: $155,000
Contributors:
Peter Vekselman
Partner Driven and Carol Tarnowski teamed up for a transformative project on 14th St, Fond du Lac, WI. Purchased on 2/1/2024 for $58,500, we invested $55,000 in renovations to enhance the property’s appeal. The hard work paid off when we sold it on 9/13/2024 for $155,000. This successful flip showcased the power of strategic upgrades and partnership, resulting in a solid return on investment.
What made you interested in investing in this type of deal?
This property had significant potential for value enhancement due to its location and condition. With a manageable purchase price and the opportunity for high-impact renovations, it fit perfectly within our investment strategy, promising a solid return.
How did you find this deal and how did you negotiate it?
Our partner Carol Tarnowski brought this opportunity to us through her local connections. After analyzing the potential ROI, we negotiated a fair price of $58,500, ensuring room for renovation costs and profit.
How did you finance this deal?
Partner Driven provided the full financial backing for the purchase and renovations, totaling $113,500. Our approach enabled Carol to focus on executing the project without financial constraints.
How did you add value to the deal?
We invested $55,000 in key renovations, focusing on modernizing the interiors, improving curb appeal, and ensuring the property met market expectations. Our efficient project management and marketing highlighted the home’s transformation, attracting buyers quickly.
What was the outcome?
The property was sold on 9/13/2024 for $155,000, generating a significant profit. This deal showcased how strategic planning, targeted improvements, and a strong partnership could deliver impressive returns.
Lessons learned? Challenges?
One key lesson was the importance of precise budgeting and renovation timelines. Although some unexpected costs arose during renovations, close collaboration with Carol ensured the project stayed on track, resulting in a successful outcome.
- Julie Muse