Waynesville Win: From $45K to $154.9K with Smart Renovations!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $45,000
Cash invested: $92,049
Sale price: $154,900

Contributors:
Peter Vekselman

Partner Driven and partners BJ & Traci Medlen purchased a property on S. Benton St in Waynesville, MO, for $45,000 on 10/25/24. With a $92,049 renovation investment, we modernized the home, enhancing its appeal and value. The property sold for $154,900 on 2/7/25, delivering a successful outcome thanks to strategic updates and efficient project management.

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

Partner Driven saw potential in the S. Benton St property due to its desirable location and the opportunity to significantly increase value with strategic renovations. The property's strong market demand made it an ideal candidate for a profitable fix-and-flip project.

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

Our partner, BJ & Traci Medlen, found this property through direct outreach. After evaluating the numbers, we negotiated a purchase price of $45,000, ensuring enough margin to cover renovations and still secure a solid profit.

How did you finance this deal?

Partner Driven provided 100% of the funding, including the $45,000 purchase price and $92,049 renovation budget. This allowed BJ & Traci to focus solely on the project without the burden of financial strain.

How did you add value to the deal?

We added value by updating the kitchen, bathrooms, and flooring, while also improving the property's curb appeal. These cost-effective renovations made the home more attractive to buyers and increased its market value.

What was the outcome?

The home sold for $154,900 on 2/7/25, yielding a solid return on investment. The quick sale reflected the high demand generated by the improvements and the strategic pricing.

Lessons learned? Challenges?

One challenge was managing the renovation timeline while coordinating with multiple contractors. The lesson learned was to maintain clear communication and proactive scheduling to ensure efficiency for future projects.