Renovation Win on Derrick Dr

[Julie Muse]

Investment Info:

Single-family residence renovation investment.

Purchase price: $45,000
Cash invested: $43,650
Sale price: $135,000

Contributors:
Peter Vekselman

Partner Driven partnered with Preston Moore on a renovation project in Guntersville, Alabama. The property on Derrick Dr was purchased for $45,000 and improved with $43,650 in upgrades before selling for $135,000. This deal reflects how focused renovations and steady execution can unlock strong value in growing secondary markets.

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

This property stood out because of its low entry price and clear opportunity to build equity through renovation. The layout and condition supported meaningful upgrades, and buyer demand in the area justified the scope of work. It fit well within a strategy of acquiring undervalued homes and repositioning them for resale.

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

Preston sourced the property through local outreach and identified its potential early. The seller wanted a straightforward, as-is transaction, which allowed negotiations to remain clean and efficient. Acting quickly and presenting clear terms helped secure the property at a price that supported the renovation plan.

How did you finance this deal?

Partner Driven funded 100% of the purchase and renovation, covering both the $45,000 acquisition and the $43,650 rehab budget. With full capital support in place, the project moved forward without personal funds at risk, allowing the focus to stay on execution and timelines.

How did you add value to the deal?

Value was created through targeted renovations that improved functionality, appearance, and overall buyer appeal. Updates included interior finishes, kitchen and bathroom improvements, flooring, paint, and exterior enhancements. Each upgrade was aligned with local buyer expectations to maximize resale value.

What was the outcome?

After renovations were completed, the property sold for $135,000. The transformation significantly increased the home’s market value and confirmed demand for updated properties in the area. The final sale reflected the strength of the renovation plan and disciplined project management.

Lessons learned? Challenges?

Managing renovation timelines and budgets required close oversight, especially as unexpected items arose. Staying flexible and maintaining clear communication helped keep the project on track. The key takeaway was the importance of disciplined planning and execution when working through full renovation projects.