Grainfield Gem: Partner Driven & Amanda Frecks Flip Main St for Big Gains!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $20,000
Cash invested: $45,000
Sale price: $99,000

Contributors:
Peter Vekselman

Partner Driven and Amanda Frecks teamed up for an exciting flip on Main St, Grainfield, KS. Purchased on 4/19/2024 for $20,000, we invested $45,000 in strategic renovations to transform the property. On 12/19/2024, we sold it for $99,000, securing a great return. Thoughtful upgrades and efficient project management made this a successful venture, highlighting the strength of our partnership and commitment to delivering high-quality results.

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

The Main St property in Grainfield, KS, offered a promising opportunity due to its low purchase price and strong potential for a high return after renovations. With Amanda Frecks as a partner and a clear plan for strategic improvements, it was the perfect fit for a quick flip and profit.

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

Amanda Frecks brought this property to our attention, identifying its untapped potential. Together, we negotiated a great price of $20,000, allowing us to allocate more funds toward renovations while ensuring profitability.

How did you finance this deal?

Partner Driven financed the Main St deal by covering 100% of the $20,000 purchase price and $45,000 renovation budget, ensuring Amanda Frecks could focus entirely on project execution without the stress of upfront expenses.

How did you add value to the deal?

We added value by investing $45,000 in well-planned renovations, modernizing key areas, enhancing curb appeal, and ensuring market-ready quality. Our combined efforts made the property appealing to buyers, leading to a successful sale at $99,000.

What was the outcome?

The project wrapped up on 12/19/2024, with the property selling for $99,000. Despite the initial low purchase price, our strategic investment and fast turnaround led to a strong profit, demonstrating the success of our collaborative effort with Amanda Frecks.

Lessons learned? Challenges?

One key takeaway from this deal was the importance of sticking to a strict renovation budget to maximize returns. Additionally, working in a small-town market taught us how to effectively price properties for faster sales without compromising profit.