Same-Day Wholesale Win on Ridge Avenue

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $110,000
Sale price: $147,000

Contributors:
Peter Vekselman

Partner Driven partnered with Richard Granquist on a fast, clean same-day transaction in Ocean Park, Washington. The property on Ridge Avenue was purchased for $110,000 and sold the very same day for $147,000 with no rehab or holding time. This deal highlighted how speed, preparation, and market awareness can create strong profits without renovations.

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

This deal stood out because it required no repairs and offered an immediate resale opportunity. The numbers were clear from the start, and buyer demand in the area supported a fast exit. It fit perfectly into a low-risk strategy where profit is created through timing and execution rather than construction.

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

Richard sourced the opportunity through local outreach and quickly identified the spread. The seller wanted a fast, straightforward closing, which allowed for clean negotiations. By moving quickly and presenting simple terms, the deal was secured and positioned for a same-day resale.

How did you finance this deal?

Partner Driven funded 100% of the $110,000 purchase, allowing the transaction to move forward without personal capital being used. With no rehab costs involved, the financing structure remained simple and efficient, making it possible to execute the deal quickly and confidently.

How did you add value to the deal?

Value was added through speed, certainty, and access to capital rather than physical improvements. Identifying the right buyer and executing the transaction quickly turned this property into a profitable opportunity. The ability to move decisively was the true value driver in this deal.

What was the outcome?

The property sold the same day for $147,000, creating a $37,000 spread with no rehab and no holding costs. This clean transaction demonstrated how effective wholesale-style deals can be when market demand and execution align.

Lessons learned? Challenges?

Same-day deals require tight coordination and attention to detail. The primary challenge was ensuring all documentation and timing lined up correctly. The takeaway is simple: when preparation meets opportunity, fast action can lead to excellent results.