Full Renovation Success on W. School Street

[Julie Muse]

Investment Info:

Single-family residence renovation investment.

Purchase price: $35,000
Cash invested: $80,061
Sale price: $152,900

Contributors:
Peter Vekselman

Partner Driven partnered with BJ and Traci Medlen to renovate and transform a distressed home on W. School Street in Crocker, Missouri. Purchased for $35,000 and improved with $80,061 in renovations, the property later sold for $152,900. This deal shows how steady project management and thoughtful upgrades can turn an older home into a desirable, move-in ready property with solid market appeal.

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

This property offered strong potential due to its low purchase price and room for value creation. With solid structure, a manageable renovation scope, and reliable buyer demand in the area, it presented a clear opportunity to build equity through targeted improvements. It aligned well with our strategy of turning undervalued homes into quality resale properties.

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

BJ and Traci sourced the home through direct conversations with the seller, who was looking for a straightforward, as-is sale. Their ability to move quickly and present simple terms helped secure a favorable purchase price. Acting decisively allowed the project to begin without delay and positioned the renovation for success.

How did you finance this deal?

Partner Driven funded 100% of the purchase and rehab, covering the $35,000 acquisition cost and the $80,061 renovation budget. With full financial backing, BJ and Traci were able to focus on overseeing the work and executing the renovation plan. This structure ensured the project moved forward without financial pressure or personal capital risk.

How did you add value to the deal?

The home received a full interior and exterior update, including new flooring, kitchen improvements, bathroom upgrades, paint, and necessary repairs. The renovation modernized the space and brought it up to local market expectations. Each improvement was designed to increase appeal, enhance functionality, and position the property competitively for resale.

What was the outcome?

After renovations, the home sold for $152,900. The transformation significantly increased the property’s value compared to its purchase price and pre-rehab condition. The final sale reflected the strength of the improvements, the solid management of the renovation, and the local demand for updated homes in the area.

Lessons learned? Challenges?

The project required close oversight to manage costs and timelines, as unexpected repairs surfaced throughout the renovation. BJ and Traci navigated each challenge effectively, adjusting as needed to keep the project on track. The key lesson: even moderate rehabs demand attention to detail and flexibility, but with the right support and planning, they can produce rewarding outcomes.