Big Win on E 200 S in Anderson

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $90,000
Cash invested: $90,000
Sale price: $222,000

Contributors:
Peter Vekselman

Partner Driven joined forces with Jerry Scott and Chad Wolfe on a profitable fix and flip in Anderson, Indiana. Purchased for $90,000 with $90,000 invested into rehab, the property sold for $222,000. This deal highlights how smart renovations and strong partnerships can create powerful results in competitive markets.

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

The property on E 200 S was undervalued and full of potential. Its structure and layout made it a solid candidate for renovations that would appeal to local buyers. With plenty of room in the margins and strong resale demand in the area, this deal provided the opportunity to create real equity and a strong return.

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

Jerry and Chad used their boots-on-the-ground approach to locate this property and recognized its potential immediately. Negotiations with the seller focused on timing and certainty, which gave us the edge. By moving decisively and presenting a clear offer, we secured the property at a price that made sense for a major rehab.

How did you finance this deal?

Partner Driven provided full funding for both the $90,000 purchase and the $90,000 rehab budget. Covering 100% of the capital allowed Jerry and Chad to focus on overseeing the project without financial strain. This structure made it possible to take on a larger renovation with confidence while sharing in the upside.

How did you add value to the deal?

The value came from a complete renovation that transformed the home into a move-in ready property buyers wanted. From updated interiors to exterior improvements, the $90,000 rehab made a major impact. By carefully aligning upgrades with comparable homes in the area, we maximized resale value without overspending.

What was the outcome?

The E 200 S property was purchased for $90,000, renovated with another $90,000, and successfully sold for $222,000. The project delivered a strong profit after expenses, validating the effort and strategy. It proved how larger renovations, when managed effectively, can deliver rewarding results for both partners and investors.

Lessons learned? Challenges?

This project underscored the importance of managing larger renovations with precision. Challenges included balancing costs and timelines, but Jerry and Chad kept the rehab on track. The key lesson: detailed planning and execution are essential when tackling bigger projects, and with the right team, the results can be outstanding.