Partner Driven Deal Spotlight

Wholesale Real Estate Deal in Bay City, TX: Maximize Your Investment ROI

Rodney Lomax

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.

Rodney Lomax
Wholesale Deal in Bay City, TX
Wholesale Deal in Bay City, TX
Wholesale Deal in Bay City, TX

Frequently Asked Questions About Rehabbing Real Estate

Rehabbing a property involves purchasing a distressed or outdated home, making necessary repairs and upgrades, and then selling it for a profit. Depending on the property’s condition and market demand, this process can range from cosmetic updates to major structural renovations.

Rehabbing refers to renovation while flipping involves buying, rehabbing, and selling the property. In a flip, the goal is to increase the property’s value through repairs and improvements so that it can be sold for a higher price.

A rehab project can be financed through various methods, such as hard money loans, private lenders, traditional bank loans, or partner funds. Some investors also use their savings or seek rehab-specific loans like FHA 203(k) for properties needing renovation. Partner Driven can fund the project for you!!

Key steps include property inspection, budgeting for repairs, obtaining necessary permits, hiring contractors, managing the renovation process, and staging the property for sale. Successful rehabbing requires careful planning, cost management, and time efficiency.

Standard rehab costs include repairs to the roof, electrical systems, plumbing, kitchen and bathroom remodels, flooring, paint, and landscaping. Also, fees may be associated with permits, labor, and unforeseen structural issues during rehab.

To estimate the ARV, you must evaluate comparable sales (comps) in the area and similar properties recently sold after renovation. Analyzing these properties indicates the price you can expect to sell your property for once the rehab is complete.

Risks include underestimating rehab costs, overestimating the after-repair value (ARV), unexpected delays, changes in the real estate market, or problems with contractors. These factors can affect profitability, making proper planning and contingency budgeting essential.

The rehab and flip project timeline can vary widely depending on the property’s condition, the extent of repairs, and how quickly you can sell the property. On average, a flip can take 3 to 12 months but may take longer if unforeseen issues arise.

Properties suitable for rehabbing are often found through foreclosures, auctions, real estate wholesalers, distressed property listings, and off-market deals. Networking with other investors and real estate agents and using tools to find distressed properties are effective methods to source good deals.

Partner Driven provides mentorship, financial backing, and expert guidance for real estate investors rehabbing and flipping properties. From evaluating the after-repair value (ARV) to managing renovations and finding buyers, Partner Driven offers support to ensure profitability and minimize risks throughout the process.

More Deals with Partner Driven

Why Trust 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 to achieve their real estate investment goals.

Our Services

  • Real Estate Coaching: We provide personalized mentorship from seasoned industry professionals, guiding you through every step of the investment process. Our coaches help you understand market analysis, property evaluation, and practical investment strategies.
  • Full Funding: One of our key offerings is providing capital for real estate deals. This eliminates financial barriers and allows you to focus on identifying and negotiating profitable investment opportunities without the stress of securing funding.
  • Advanced Software: Our state-of-the-art software helps you identify lucrative off-market deals, giving you a competitive edge. This tool streamlines finding, evaluating, and capturing potential investment properties.
  • Property Acquisition: We assist you in acquiring properties, ensuring that all legal and financial aspects are handled efficiently. Our team supports you in making informed decisions and securing the best deals.
  • Risk Mitigation: Partner Driven takes on the financial risk, allowing you to invest confidently. Our expert team provides comprehensive risk assessment and management strategies to protect your investments.
  • Profit Sharing: Our unique profit-sharing model ensures you benefit directly from each deal’s success. We split the profits 50-50, reflecting our commitment to mutual success.
  • Educational Resources: Through Partner Driven University, you can access our extensive library of resources, including online courses, webinars, and training materials. Learn the latest trends, techniques, and best practices in real estate investing.
  • Real Estate Workshops: Participate in our interactive workshops and seminars to gain hands-on experience and network with other investors. These events are designed to enhance your knowledge and skills in real estate investing.
  • Collaborative Network: Join our dynamic community of investors, mentors, and industry professionals. Our network provides opportunities for collaboration, partnership, and continued learning.
  • Nationwide Presence: With a nationwide reach, Partner Driven Real Estate Investing operates across diverse markets, providing localized support and insights to help you succeed wherever you are.

Our Mission

At Partner Driven, our mission is to revolutionize real estate investing by offering unparalleled support, resources, and opportunities. We are dedicated to helping you learn real estate investing through hands-on partnerships, ensuring you have the knowledge, funding, and guidance needed to thrive in the competitive real estate market.

Talk to Partner Driven Reps Today

2024-09-27T19:04:03-04:00

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