Quick Flip Success in Sugar Creek!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $15,000
Sale price: $53,500

Contributors:
Peter Vekselman

Partner Driven and Nathan Hill secured this property on E Scarritt Avenue in Sugar Creek, Missouri, for $15,000. With no renovations needed, we quickly turned it around, selling for $53,500 on the same day. This deal exemplifies the power of strategic acquisitions and efficient transactions, maximizing returns without the need for rehab.

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

This property presented an ideal opportunity for a fast, profitable transaction. With no renovations required, it fit our strategy of securing undervalued properties and reselling quickly. The potential for a high return with minimal effort made it an attractive investment.

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

Our network and expertise in off-market deals led us to this property. We secured it at $15,000 through direct negotiations with the seller, ensuring a smooth closing. The ability to offer cash and a fast closing made our offer stand out, allowing us to acquire the property at a great price.

How did you finance this deal?

Partner Driven provided 100% of the funding for the acquisition, ensuring a hassle-free process for our partner, Nathan Hill. By covering the full purchase price, we allowed for a seamless transaction with no upfront financial burden on our partner.

How did you add value to the deal?

The key to this deal's success was our ability to recognize its potential without needing renovations. Our strategic pricing, rapid closing, and targeted marketing attracted the right buyer, allowing us to quickly sell at a significant profit.

What was the outcome?

We purchased the property for $15,000 and sold it the same day for $53,500, generating a strong return in record time. This deal showcased the power of well-executed transactions, proving that not every deal requires renovations to be successful.

Lessons learned? Challenges?

This deal reinforced the importance of recognizing value beyond traditional rehabs. The challenge was ensuring we priced it correctly to sell quickly, but our experience and market insight made it a seamless process. It highlighted the benefits of capitalizing on opportunities that don’t require renovations.