Quick Win on Ferguson St

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $12,500
Sale price: $21,000

Contributors:
Peter Vekselman

Partner Driven worked with Michael Watcke on a same-day transaction in Detroit, Michigan. The property on Ferguson St was purchased and resold the same day with no rehab required. This deal highlights how even lower price point properties can create strong opportunities when paired with speed and execution.

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

This deal stood out due to its low entry point and clear resale opportunity. Properties at this price range can move quickly when priced right, and with no renovation needed, it offered a clean, low-risk opportunity to generate profit through a quick turn.

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

Michael sourced the opportunity through local outreach and identified the value early. The seller was motivated and open to a straightforward sale, which allowed negotiations to remain simple. Moving quickly helped secure the deal and position it for immediate resale.

How did you finance this deal?

Partner Driven funded 100% of the $12,500 purchase, allowing the deal to move forward without personal capital. With no rehab or holding costs, the structure remained simple and efficient from start to finish.

How did you add value to the deal?

Value came from recognizing the opportunity and executing quickly. By connecting the property with the right buyer and closing without delays, the team turned a simple transaction into a profitable outcome without needing physical improvements.

What was the outcome?

The property sold for $21,000 on the same day it was purchased. The fast turnaround demonstrated the potential of lower-priced markets when deals are identified and executed efficiently.

Lessons learned? Challenges?

Even smaller deals require the same level of attention and speed as larger ones. The key takeaway was that consistent execution and the ability to act quickly can create solid returns, regardless of price point.