Fast Exit on 9th St

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $54,000
Sale price: $70,000

Contributors:
Peter Vekselman

Partner Driven worked with Ronald Pennington on a same-day transaction in Bay City, Texas. The property on 9th St was purchased and resold the same day with no rehab required. This deal highlights how quick decision-making and strong market awareness can create profitable opportunities without the need for renovations.

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

This was the type of opportunity that made sense because of its simplicity. With a reasonable acquisition price, no repair requirements, and a clear path to resale, the deal offered a chance to generate a return without taking on construction risk or a lengthy hold period.

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

Ronald sourced the property through his local market efforts and recognized the opportunity early. The seller was looking for a straightforward solution, which helped keep negotiations simple. By focusing on speed and certainty, the team was able to secure the property and move directly into resale.

How did you finance this deal?

Partner Driven funded 100% of the $54,000 purchase, allowing the transaction to move forward without personal capital. With no renovation budget and no extended hold time, the deal remained efficient from acquisition through closing.

How did you add value to the deal?

The value came from execution rather than improvements. By identifying a buyer quickly and providing a smooth transaction for both sides, the team was able to capitalize on the opportunity without making any physical changes to the property.

What was the outcome?

The property sold for $70,000 on the same day it was purchased. The quick turnaround demonstrated the power of having funding, a clear exit strategy, and the ability to act decisively when opportunities arise.

Lessons learned? Challenges?

This deal reinforced that not every successful transaction requires a renovation. Sometimes the opportunity lies in solving a seller's problem and creating a path to a fast closing. The lesson was a reminder that speed and simplicity can be just as valuable as construction expertise.