Quick Flip Success: Dover Ct Deal Closed in Riverdale, GA!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $160,000
Sale price: $170,000

Contributors:
Peter Vekselman

Partner Driven and Jamari Sprueil secured this Dover Ct property in Riverdale, GA, for $160,000 and successfully sold it for $170,000 on the same day. This strategic flip leveraged our market expertise and efficient deal structuring to achieve a quick and profitable transaction. By identifying the right buyer in advance, we streamlined the process and ensured a smooth closing.

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

This deal stood out due to its strong resale potential and minimal risk. The market demand in Riverdale, GA, made it an attractive opportunity for a rapid, profitable transaction. By leveraging our expertise in pricing and buyer demand, we identified a deal that required no renovations but still yielded solid returns.

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

This opportunity came through our direct-to-seller marketing efforts. Once identified, we negotiated favorable terms by emphasizing a fast and hassle-free closing. Our ability to offer cash and close quickly gave us an edge, allowing us to secure the property under market value and position it for a seamless resale.

How did you finance this deal?

Partner Driven provided 100% of the funding, covering the $160,000 purchase price. By eliminating the need for outside financing, we ensured a fast, smooth transaction. Our ability to deploy capital quickly allowed us to close the deal with no delays, creating a streamlined process for both the seller and our partner, Jamari Sprueil.

How did you add value to the deal?

Rather than focusing on physical renovations, we maximized value by structuring the deal for a rapid turnaround. By leveraging our network of buyers, we facilitated a smooth transition, ensuring the home was sold the same day it was purchased. Strategic pricing and market positioning were key factors in increasing the property’s value.

What was the outcome?

This deal was a fast and profitable flip, with Partner Driven and Jamari Sprueil purchasing the property for $160,000 and selling it the same day for $170,000. The streamlined approach minimized holding costs and maximized efficiency, proving the power of our strategy in identifying and executing quick-turn deals.

Lessons learned? Challenges?

This deal reinforced the value of market insight and timing. While no renovations were needed, the key to success was having an end buyer lined up before closing. The biggest lesson? A well-structured deal with a clear exit strategy can be just as valuable as a full rehab.