Partner Driven Deal Spotlight
Wholesale Deal in Bay City, Texas
PARTNER | Rodney Lomax
ADDRESS | Ave F, Bay City, Texas
Successful Whole-Tailing Deal: Partner Driven and Rodney Lomax Shine in Bay City, TX
At Partner Driven, we’re thrilled to share the success story of our recent whole-tailing deal in collaboration with our esteemed partner, Rodney Lomax. This accomplishment is a testament to the power of our strategic approach and the strength of our partnerships.
The Property and Transaction Details
On April 28, 2024, we seized an opportunity to purchase a property on Ave F, Bay City, TX, for $136,000. By leveraging our whole-tailing strategy, we swiftly turned around and sold the property for $145,000. While the $9,000 profit may not seem enormous, it’s important to highlight that this transaction was completed without the need for any renovation investments. This efficiency not only saved time but also maximized the return on investment.
The Power of Whole-Tailing
Whole-tailing is a unique strategy that blends the benefits of both wholesaling and retailing properties. By purchasing properties at a discount and selling them quickly in their as-is condition, we minimize holding costs and avoid the complexities and expenses associated with renovations. This approach allows us to capitalize on market opportunities rapidly and deliver profitable outcomes for our partners.
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About Partner Driven Real Estate
Partner Driven Real Estate Investing is a nationwide leader in real estate investment, offering a unique and comprehensive approach to learning and succeeding in real estate investing. Founded by industry experts Peter Vekselman and Julie Muse, Partner Driven combines advanced technology, full funding, expert mentorship, and collaborative partnerships to empower individuals & give them the resources to achieve their real estate investment goals.