Rehab Deal in Nashville, Tennessee

Navigating Challenges: Partner Driven and Seth Choate Overcome Unexpected Obstacles in Nashville, TN

At Partner Driven, we’re dedicated to sharing both our triumphs and the lessons learned from our challenges. Recently, in collaboration with our esteemed partner, Seth Choate, we faced an unexpected hurdle with a property deal on Donna Kay in Nashville, TN. This experience underscored our commitment to making swift, strategic decisions in the ever-changing real estate landscape.

The Property and Transaction Details

We purchased the property on March 8, 2024, for $315,000, anticipating an After Repair Value (ARV) of $315,000 after addressing a foundation issue and completing necessary renovations. During the inspection period, we received a quote of $16,284.72 for the foundation repair and an additional $23,800 for subsequent renovations. However, just before work was scheduled to begin, the foundation company informed us of severe, uncontrollable settlement issues that made repairs unfeasible.

Adapting to Unexpected Challenges

Faced with significant delays and additional costs, we quickly decided to sell the property to another investor. This prompt decision-making process was crucial, as time is money in real estate. Despite this setback, we successfully navigated the challenge, demonstrating our resilience and ability to adapt swiftly.

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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.