Investment Info:

Single-family residence wholesale investment.

Purchase price: $55,000
Sale price: $70,000

Contributors:
Peter Vekselman

We bought this property on E Vermont Street for $55,000 and sold it the same day for $70,000 alongside our partner Michael Binns. With no rehab needed, this was a smooth and profitable flip. A great example of how speed, strategy, and strong partnerships create winning results at Partner Driven.

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

The numbers spoke loud and clear. With strong resale potential and no repairs required, this property was a textbook quick flip.

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

Michael Binns found the opportunity and acted fast. He got the seller on board, and we funded and closed it—all in record time.

How did you finance this deal?

We funded 100% of the $55,000 purchase. Since there was no rehab, our resources went directly to closing with no delays.

How did you add value to the deal?

Speed, negotiation, and a clear end buyer. By recognizing a solid spread and acting fast, we turned a low-risk deal into quick profit.

What was the outcome?

Closed and resold on June 6, 2025. A same-day flip with a $15,000 gain.

Lessons learned? Challenges?

Fast flips are all about timing and connections. When our partners move quickly, we’re ready to support with full capital and a clear exit strategy.