Investment Info:

Single-family residence same-day investment.

Purchase price: $19,900

Sale price: $31,000

Contributors:

Peter Vekselman

Partner Driven partnered with Ronald Pennington on a same-day transaction in Kenmare, North Dakota. The property was purchased and resold the same day with no repairs required. This deal demonstrates how a straightforward acquisition and a clearly defined exit can create an opportunity without the complexity of a traditional renovation project.

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

The property stood out because it offered a simple path from acquisition to resale without requiring repairs. The opportunity was less about transforming the property and more about recognizing a favorable acquisition, understanding the resale potential, and having a clear path to an efficient exit.

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

Ronald identified the opportunity and worked through the seller negotiations to secure terms that supported the investment strategy. Once the acquisition and resale potential were understood, the transaction could move forward without adding unnecessary complexity or taking on a renovation.

How did you finance this deal?

Partner Driven provided the capital for the acquisition, allowing Ronald to move forward without having to bring his own purchase funds to the transaction. With no repairs required, the deal had a simple structure and didn't require additional construction capital.

How did you add value to the deal?

The value came from the acquisition and exit rather than physical improvements. Securing the property at workable terms and identifying the right resale opportunity allowed the team to create value through positioning, timing, and efficient execution.

What was the outcome?

The property was purchased for $19,900 and resold for $31,000 the same day. With no repairs or extended holding period, the transaction remained simple from acquisition through exit and demonstrated how a smaller opportunity can still produce a successful result when the strategy and execution are right.

Lessons learned? Challenges?

This deal reinforced that not every successful investment needs to involve a major renovation. Sometimes the opportunity is in recognizing a property that can move quickly, understanding the exit before committing, and having the resources to execute when the right deal comes along. Simplicity can be a real advantage.