All Forum Posts by: Justin Lenk

             DO NOT TRESPASS ON PROPERTY!

PLEASE DO NOT SHARE THIS WITHOUT MY WRITTEN CONSENT.

                                                                  (Google Street View - Pictures Coming Soon)

Address: 830 Warfieldsburg Rd, Westminster, Md, 21157

I may purchase myself but wanted to see if anyone would be interested in taking on this project.

SFR built in 1925 on 1.63AC flat clear lot.

Price (Including Assignment Fee): $109,700 (LAND Tax Assessed At $136,300.00)
Est. Repairs: $35k - $45k
Est. ARV: $200,000.00 - $225,000.00
Full Gut Renovation Needed (Or Tear Down and Build New And Sell For A Lot More)

Buyer Pays ALL Closing Costs.
$4k Non-Refundable EMD.
Close With My Title Company.

Vacant On Lockbox.

Call Me Today: (301) 244-8055

Join Our Deal Notification Lists For Off-Market Maryland Properties: CLICK HERE

Hey Everyone,

New deal under contract and available. Do not disturb tenants or trespass on property. Showings by appointment only.

DO NOT FORWARD THIS EMAIL OR MARKET THIS CONTRACT/PROPERTY WITHOUT WRITTEN PERMISSION.

*Note: Property will be delivered vacant and cleaned out of tenant's belongings as stated in the contract.*

Address: Click here to view full address, Walkersville, Md, 21793
(3Bed / 1.5Bath ~1200sqft townhouse built in 1978 with finished basement)
Price: $125K
Est. Market Rent: $1,250.00/m - $1,350.00/m (Current tenant pays $1,250.00/m and has been there 3 years).
Repairs Needed: Fix Dryer Vent (Doesn't vent outside), Fix Basement Sliding Glass Door (Doesn't lock), Add Closet Doors To Each Bedroom (Sliding Doors Broke and Were Removed).
Optional Repairs: Paint / Carpet (Fairly good current condition).

Click here to view all pictures

Would make a great rental or a quick flip.

Non-refundable $5K EMD required.
Cash / Hard Money Loan only.

Call or Text Justin at 301-244-8055

My most recent mailing results were as follows:

1st mailing of 6

Postcards

829 Sent

$616.76 spent ($0.74 ea)

Total real calls: 6

Total quality calls: 3 (50%)

No Deals

Response Rate 0.72%

Cost Per Quality Lead: $205.59

I define quality lead as having an off market house they want to sell and willing to hear what we have to say.

Marketing takes time. Set a plan and be consistent.

Spend as much as you can on marketing but make sure you can do it every month for 6 months. And call those leads back if you're not answering them live. Remember, you're technically investing money when you market because you're looking for a return on your investment. 

-Justin

***Cash For As Is Houses, LLC currently has this property under contract and is selling their position in the contract. To join the group of investors that receive property opportunities via email/text: CLICK HERE.***

***DO NOT TRESPASS ON THE PROPERTY. PROPERTY IS VACANT. CALL FOR LOCKBOX CODE.***

***EASY COSMETIC FLIP***

Cash or Hard Money only. $3,000 Non-Refundable EMD required when bid is accepted. 7-10 Day COE Required.

2 Worden Ct, Annapolis, Md, 21401

4Bed/3Bath

1194 SqFt

Built 1978

Private Pool

Cul-de-sac

Newer HVAC and Oil Tank

Currently Winterized

                                             Pictures/Video can be found HERE.

Earlybird bidding starts NOW! Property will sell fast. Call 301-244-8055 for lockbox code, submit your highest and best offer. Ready to assign.

Not on our buyer's list yet? You should be. Click here.

When they file, I'd assume they're emotionally ready to deal with the property. Mail when they file.

I'm looking for recommendations for title companies near the Frederick, md area that have conducted dry (where transactional funding is not required) double closings before.

Thanks in advance! 

 Typically you would just assign or double close a wholesale deal. If you plan to double close, you can use transactional funding (short term funding just to resell the property the same day).

The only time you would use hard money, private money, ect is if you plan to own the property and hold it for a period of time with the intent to resell...whether you're fixing it up and adding value to resell it, or doing nothing and just listing it on the MLS.

I suggest finding someone who's doing exactly what you want to do and offer to work for them for free to gain experience and learn. It'll reduce your learning curve. Keep in mind, you always pay for education...whether through time spent with someone or costly mistakes made by trying to learn yourself. I've had my fair share of both and I'm just getting started.

Hope that helps,

-Justin Lenk

Welcome to BP @Monet Calvit!

@Benjamin Barredo , I was in your shoes for a majority of this year.. I just felt like I was spinning my wheels. I didn't know what I was doing, I thought it was a huge waste of money to mail to the same list over and over. I was buying lists, mailing them 1 maybe 2 times, and moving on to the next. I wasted a lot of money that way. Learn from my mistakes.

To simplify a long story into two major lessons:
1) A Quality List Is The Foundation Of Your Marketing. Upfront cost isn't everything. You can get a terrible list for really cheap or a very targeted list but it will cost you a little upfront money. The more targeted the better.
2) Have A Dedicated Marketing Budget! Don't believe the gurus! This is not a "no money business". If you can't afford at least $500-1000 a month for your marketing budget for the next 6-12 months... then wait, save, and then implement your marketing. You need to stay consistent, and hit a QUALITY list at least 5-7 times. That takes resources.

I'm still learning, I love reading, listening, and watching to increase my knowledge. I know what you're feeling, don't give up. Be the 5% that tough it out and make it to the other side. I did my first deal last month and am now working on my second deal just a few weeks later.

Keep us updated on your progress.

-Justin

Welcome to BP @Kimberly Nugent!