A Major Value-Add in Winston, Georgia
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $132,000
Rehab: $70,000
Sale price: $304,000
Contributors:
Partner Driven partnered with Joshua Riddlespur on a fix & flip in Winston, Georgia. The property offered significant upside through improvements, giving the team an opportunity to take a property with potential and reposition it for the resale market. The project highlights the importance of seeing beyond a property's current condition and having a clear plan for creating value.
What made you interested in investing in this type of deal?
The property presented a strong value-add opportunity. Its condition left substantial room for improvement, and the potential after renovation made it a good fit for a fix & flip. The key was recognizing that the property could become much more competitive in the market with the right improvements.
How did you find this deal and how did you negotiate it?
Joshua identified the opportunity and worked directly through the acquisition process to secure the property. The negotiation centered around making sure the purchase terms left enough room for the planned improvements and resale strategy. Understanding the property's potential was an important part of determining what the deal could become.
How did you finance this deal?
Partner Driven provided the capital for both the acquisition and renovation. This allowed Joshua to pursue the opportunity without having to provide the project capital himself, while giving the team the resources needed to complete the improvements and prepare the property for resale.
How did you add value to the deal?
The value came from a significant transformation of the property. The renovation focused on improving the home's condition, functionality, and overall appeal so it could compete more effectively in the market. The goal was to make improvements that mattered to buyers rather than simply renovating for the sake of renovating.
What was the outcome?
The property was successfully repositioned and sold for $304,000 after the renovation was completed. The project demonstrates how a property with substantial potential can be transformed into a much stronger asset through the right combination of acquisition, renovation planning, and execution.
Lessons learned? Challenges?
A larger renovation requires discipline at every stage of the project. Having a clear scope of work, managing the improvements carefully, and keeping the finished product aligned with buyer expectations are critical. This project reinforced that the value of a fix & flip starts with seeing the potential before the transformation begins.
