Damon & Cynthia’s Story of a Deal
Welcome to Partner Driven Real Estate Investing! We are thrilled to introduce Damon and Cindy Robbins, a dynamic duo whose journey in real estate investing has been nothing short of remarkable.
The Deal: 3327 Bahia Blanca East Unit C, Laguna Woods
- Purchase Price: $294,500
- Initial Renovation Budget: $10,000 – $20,000
- Adjusted Renovation Budget: $55,000
- Estimated Sale Price: $620,000
Background and Journey
Damon and Cindy Robbins have shown incredible resilience and adaptability throughout their real estate journey. Their current deal at 3327 Bahia Blanca East Unit C, Laguna Woods, is a testament to their determination and strategic planning. Originally acquired for $294,500, the initial renovation budget was modest, anticipating a sale price in the high $300,000s to low $400,000s. However, market conditions and strategic renovations have now positioned the property for an impressive sale price of $620,000.
Overcoming Challenges
The journey with this property has not been without its challenges. The property started as a short sale over a year and a half ago and encountered numerous legal and logistical hurdles, including title issues and delays from incompetent attorneys. Despite these obstacles, Damon and Cindy successfully negotiated the purchase price down from an initial offer of $360,000 to $294,500.
Post-purchase, the challenges continued with strict HOA regulations in the senior community, asbestos removal, and multiple maintenance issues like leaks and HVAC failures. Navigating these hurdles required extensive paperwork, inspections, and compliance with community regulations. Despite hitting every possible snag, Damon and Cindy remained persistent and proactive.
Leveraging Support and Technology
The Robbins’ success is also attributed to the robust support from the Partner Driven team. With the assistance of local experts like Megan and the back-office team, they were able to navigate complex requirements and make informed decisions. The use of Partner Driven’s unique app for accurate contact information and support in dealing with local regulations proved invaluable.
Marketing and Community Engagement
Damon and Cindy have also embraced innovative marketing strategies, leveraging free platforms like YouTube to promote their business. They have established a significant online presence with over 256,000 views and 101,000 subscribers on their channel, “Living in the O.C.” This free marketing avenue has been instrumental in attracting potential buyers and creating community engagement.
Partnership Benefits
Working with Partner Driven has provided Damon and Cindy with significant advantages:
- Financial Support: Not having to use their own money for purchases and renovations alleviates financial stress.
- Comprehensive Guidance: The Partner Driven team offers timely and effective support, from initial inquiries to closing deals.
- Risk Mitigation: The partnership structure reduces the financial risks typically associated with real estate investments.
Ready for More Deals
Damon and Cindy are not just ready for more deals—they are excited and prepared to take on new challenges. Partner Driven is committed to supporting them and other partners in achieving their real estate goals.
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.