5344 S New Columbus Rd, Anderson, IN 46013

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $60,000
Cash invested: $109,106
Sale price: $210,000

Contributors:
Peter Vekselman

Purchased on 9/6/2024 for $60,000, this Anderson, IN home underwent a $109,106 renovation before selling for $210,000 on 2/4/2025. Partner Driven, alongside Jerry Scott and Chad Wolfe, transformed the property, increasing its value significantly. With strategic upgrades and efficient project management, we turned this investment into a profitable success, showcasing the power of smart renovations and market expertise.

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

This property in Anderson, IN had strong potential due to its low purchase price of $60,000 and a promising after-repair value. Partner Driven saw an opportunity to create significant equity through strategic renovations. The location and market demand further made this a great investment opportunity for a profitable flip.

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

Through our network and market research, we identified this off-market opportunity. Partner Driven negotiated a great deal by leveraging its expertise in property valuation and market conditions. The purchase was structured to ensure both our partner and the seller benefited, allowing for a smooth and timely acquisition.

How did you finance this deal?

Partner Driven fully funded the $60,000 purchase price and covered the $109,106 renovation costs. This allowed Jerry Scott and Chad Wolfe to focus on the execution of the project without needing to invest their own capital upfront, ensuring a streamlined process from start to finish.

How did you add value to the deal?

By investing in a high-quality $109,106 renovation, we modernized the home, improved curb appeal, and upgraded key areas like the kitchen and bathrooms. Strategic updates aligned with market demand, making the property more attractive to buyers and significantly increasing its resale value.

What was the outcome?

After completing renovations, the property sold for $210,000 on 2/4/2025. The project yielded strong returns, demonstrating the power of strategic renovations and expert project management. The successful flip highlighted the strength of our partnership with Jerry Scott and Chad Wolfe.

Lessons learned? Challenges?

Managing a large renovation budget required careful oversight to stay on track. The key takeaway was ensuring renovations align with market demand to maximize value without over-improving. Despite the challenges, the project was a success, proving that well-planned investments can lead to significant profits.