Investment Info:

Single-family residence investment.

Purchase price: $22,500

Sale price: $37,000

Contributors:

Peter Vekselman

Partner Driven partnered with Gary Whitaker on a property investment in Crossville, Tennessee. The property required no rehab, allowing the team to focus on the acquisition and resale strategy rather than taking on a construction project. This deal demonstrates how smaller properties can still present worthwhile opportunities when the numbers and exit strategy make sense.

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

The opportunity stood out because it didn't require a renovation to create value. The low acquisition point and potential resale made it an attractive investment while keeping the project relatively simple. Deals like this can be a good reminder that creating a return doesn't always require a major transformation.

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

Gary identified the opportunity and worked through the acquisition process to secure the property at terms that supported the investment strategy. Understanding the property's potential and having a realistic resale plan helped determine that the deal was worth pursuing without adding unnecessary work.

How did you finance this deal?

Partner Driven provided the capital needed for the acquisition, allowing Gary to move forward without having to bring his own purchase funds to the transaction. Since no rehab was needed, the project remained straightforward and didn't require additional construction capital.

How did you add value to the deal?

Value was created through the acquisition and resale strategy rather than physical improvements. Securing the property at a favorable price and identifying the right opportunity on the exit allowed the team to create a return without taking on the cost, time, and complexity of a renovation.

What was the outcome?

The property was purchased for $22,500 and later sold for $37,000. With no rehab required, the investment remained relatively simple from an execution standpoint and provided a successful exit without the challenges associated with a larger improvement project.

Lessons learned? Challenges?

This deal reinforced that investors shouldn't overlook smaller opportunities. A property doesn't need to be expensive or require extensive improvements to make sense. Understanding the acquisition, knowing your resale market, and keeping the strategy simple when the opportunity allows can be just as important as taking on a larger project.