Pat’s Story of a Deal Interview
Welcome to Partner Driven Real Estate Investing! We are thrilled to share the success story of our incredible partner, Pat Rosati, and his journey in real estate investing with us.
The Deal: 719 Cornell Avenue, Drexel Hill, Pennsylvania
- Purchase Price: $220,000
- Sale Price: $279,000
Background and Experience
Pat Rosati brings a rich background in electrical engineering and contracting. With 37 years of experience in these fields, Pat’s expertise in handling complex projects has been invaluable in his transition to real estate investing.
Discovering the Opportunity
This particular deal originated from a personal connection. About a year ago, a former colleague mentioned his son was graduating college and considering selling their house. Pat expressed his interest in real estate investing and advised his colleague to consult him before contacting a realtor. When the time came, Pat was ready. After evaluating offers from realtors, the seller chose to work with Pat, resulting in a successful transaction.
The Partner Driven Advantage
One of the standout benefits Pat experienced was the stress-free nature of the deal, thanks to Partner Driven’s support. Not having to use his own money alleviated financial pressure and allowed him to focus on the investment without worry.
Navigating Challenges
Every real estate deal comes with its challenges, and this one was no different. The property required a home inspection, which revealed a need for a sewage lateral inspection—a requirement unique to the local area. The process of obtaining the inspection report was lengthy and complicated by claims of necessary repairs, which seemed questionable. With higher-than-expected contractor quotes, the decision was made to wholesale the property instead of flipping it.
Team Support
Having a dedicated local team, including the invaluable support of Megan, was instrumental in navigating these challenges. Megan’s local knowledge and expertise helped identify potential pitfalls, such as the sewage lateral inspection, and provided critical guidance that ensured the deal’s success.
Summary of Experience
Pat describes his experience with Partner Driven as educational and stress-free. The comprehensive support, including financial backing and expert advice, was crucial in mitigating risks and ensuring a positive outcome.
Ready for More Deals
Pat is enthusiastic about continuing his real estate journey with Partner Driven. With the success of this deal under his belt, he’s ready to tackle more opportunities and achieve greater success in the future.
Join us at Partner Driven and take your real estate career to the next level. With our support and resources, your real estate dreams can become a reality. Don’t miss out on your chance to succeed in the competitive world of real estate investing.