Fast Flip in Tracy City with Seth Choate!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $55,000
Cash invested: $30,000
Sale price: $75,000

Contributors:
Peter Vekselman

Partner Driven and Seth Choate bought this property on Gum Street in Tracy City, Tennessee, for $55,000. We invested $30,000 into renovations and sold it just three months later for $75,000. This deal was a great example of quick turnaround and creative problem solving in a smaller market.

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

The price point was affordable and the property had strong resale potential in a rental-heavy market. We saw room for improvements that would bring in a solid return.

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

Our partner, Seth, sourced the deal directly from a motivated seller and negotiated favorable terms for a quick close.

How did you finance this deal?

We covered the full purchase and renovation costs, allowing our partner to focus on execution without financial pressure.

How did you add value to the deal?

We focused on interior updates and addressing deferred maintenance to improve livability and market appeal.

What was the outcome?

After a short holding period, the property was resold for $75,000, providing a solid learning experience and insight into the local market.

Lessons learned? Challenges?

Renovation costs were tighter than expected, but having clear contractor communication and fast execution helped us stay on track.