Renovation Completion on Derrick Dr

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $39,000
Cash invested: $51,775
Sale price: $130,000

Contributors:
Peter Vekselman

Partner Driven partnered with Preston Moore on a renovation project on Derrick Dr in Guntersville, Alabama. The property was acquired for $39,000 and improved with $51,775 in renovations before being brought back to market and sold for $130,000. The project reflects a focused effort to reposition a distressed property into a clean, market-ready home.

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

The property offered a strong opportunity to create value through renovation. Its low entry price and workable structure allowed room for meaningful upgrades that could elevate the home’s market appeal. The surrounding area showed consistent buyer demand for updated homes, making it a suitable candidate for a full renovation strategy.

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

Preston identified the property through local market activity and recognized its potential early. The seller was open to an as-is transaction, which allowed the purchase to move forward quickly. Clear communication and straightforward 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 $39,000 acquisition and the $51,775 rehab budget. With capital secured from the start, the focus remained on executing the renovation efficiently and preparing the property for resale.

How did you add value to the deal?

Value was created through targeted improvements that enhanced both functionality and appearance. Updates included refreshed interiors, flooring, paint, kitchen and bathroom upgrades, and exterior improvements. The goal was to align the finished product with local buyer expectations and position the home competitively in the market.

What was the outcome?

After renovations were completed, the property sold for $130,000. The finished home presented well in the market and reflected the impact of the upgrades made during the project. The sale confirmed demand for updated homes in the Guntersville area.

Lessons learned? Challenges?

Renovation projects require careful coordination of timelines, contractors, and budgets. Staying disciplined throughout the process helped keep the project moving forward. The experience reinforced the importance of planning carefully and executing consistently when working through full rehabs.