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All Forum Posts by: Paris Wilson

Paris Wilson has started 64 posts and replied 98 times.

Post: BOND STREET REDEVELOPMENT PROJECT: NATIONAL HISTORIC DISTRICT OLI

Paris WilsonPosted
  • Investor
  • Gwynn Oak, MD
  • Posts 115
  • Votes 10

Well here it is. OPPORTUNITY IS KNOCKING. Who will take advantage???

National Historical District: OLD EAST BALTIMORE HISTORIC DISTRICT OLIVER COMMUNITY. 2 Story Federal Town home in Oliver. Property is Vacant. 3BR/1BA 1159 sq.ft. blocks from Johns Hopkins University and middle of Bond Street Redevelopment Projects. Property is in extremely good condition. Take advantage of the rent market and buy and hold and watching the value explode. OR rehab and take advantage of the big payday & huge Tax Credit = Thousands in tax savings.

Asking $55k, repair cost est. $50k retail or $15k rental, ARV $190k-$250k. Must provide POF and $5k EMD at time of contract.

PERKS:

* Chap Tax Credit

* Eligible for $25k Hopkins LNYW Grants

* $10K V2V grant

PURCHASE/REHAB ASSUMPTIONS
51.81% of ARV
After-Repair Value (ARV)210,000.00
Purchase Price (Offer Price)55,000.0026.19%
Rehab Costs49,800.0023.71%
Total Holding and Closing Costs4,000.001.90%
Total Financing Costs0.000.00%
Total Project Cost Basis108,800.0051.81%
Total Amount Financed0.00
Total Cash Commited108,800.00
PROJECTED RESULTS
Projected Resale Price200,000.00
Projected Cost of Sale12,000.00
Flip Profit79,200.00
ROI72.79%
Annualized ROI218.38%
Timeline Assumptions
Time to Complete Rehab2 Months
Time to Complete Sale2 Month 
Total Time4 Month 
RENTAL PROJECTED RESULTS
Projected Monthly Rent (net of vacancy)1,309.50
Projected Monthly Expenses365.95
Projected Monthly Net Operating Income943.55
Cap Rate Based on Cost Basis10.4%
Cap Rate Based on ARV5.5%
Assumed Time to Complete Rehab:2 Months
Assumed Time to Complete Refi2 Months
Total Time between Acquisition and Refi:4 Month

Additional pics and videos of the property and huge redevelopment projects that are going on all around this property are available. Also, I will provide a detailed Property Summary breaking down the numbers for buy and hold or flip for profit along with work scope. Continued success to you all and look forward to seeing you at the closing table.

Post: HOT, HOT HAMILTON COMMUNITY!!!!

Paris WilsonPosted
  • Investor
  • Gwynn Oak, MD
  • Posts 115
  • Votes 10

This 2164 square foot single family home Hamilton-Glenham-Belford community has 4 bedrooms and 1.0 bathrooms, basement, Dining Kitchen: Efficiency,Lot: 0.26 acres, 4 stories, Candidate for a community solar program. Convert this to a 5bd & 3ba to maximize return.. Asking $90k, reno cost est.$75k, ARV $265k. HOT, HOT HAMILTON COMMUNITY. DOM Avg 41 days or less. Please provide POF to receive lockbox code & $5000 EMD at time of contract. Must be able to close in 10 days. Cash/Hard Money ONLY offers will be excepted. Please do your own due diligence. Data provided is for informational purposes only. Please PM or email me for copy of Property Summary. Continued success to you.

PURCHASE/REHAB ASSUMPTIONS
64% of ARV
After-Repair Value (ARV)265,000.00
Purchase Price (Offer Price)90,000.0033.96%
Rehab Costs74,900.0028.26%
Total Holding and Closing Costs5,000.001.89%
Total Financing Costs0.000.00%
Total Project Cost Basis169,900.0064.11%
Total Amount Financed0.00
Total Cash Commited169,900.00
PROJECTED RESULTS
Projected Resale Price250,000.00
Projected Cost of Sale15,000.00
Flip Profit65,100.00
ROI38.32%
Annualized ROI91.96%
Timeline Assumptions
Time to Complete Rehab3 Months
Time to Complete Sale2 Month 
Total Time5 Month 

Comp #1 - ACTIVE - $234,900 - 1370 sq.ft

Comp #2 - SOLD - 09/15/2016 - $270,000 - 1942 sq.ft

Comp #3 - SOLD - 08/05/2016 - $230,000 - 1584 sq.ft

Comp #4 - SOLD - 04/21/2016 - $270,000 - 1841 sq.ft

Post: INCREDIBLE SFR DETACH OPPORTUNITY!!! CHECKOUT THE NUMBERS!!

Paris WilsonPosted
  • Investor
  • Gwynn Oak, MD
  • Posts 115
  • Votes 10

Sorry this property has sold..

Post: Investor friendly title company in Maryland

Paris WilsonPosted
  • Investor
  • Gwynn Oak, MD
  • Posts 115
  • Votes 10

I would have to concur with Rodney.. Dulaney Title & Escrow. I have been working with Drew for a while now and he is also extremely knowledgeable and looks out for you to make sure everything is done correctly. He has your best interest in mind. Also, you might want to check out Eagle Premier Title in downtown Baltimore -Canton. Ask for Jennifer. Continued success to you..

Post: INCREDIBLE REHAB OPPORTUNITY!!! Glenham-Belford Community

Paris WilsonPosted
  • Investor
  • Gwynn Oak, MD
  • Posts 115
  • Votes 10

Another great opportunity. Attractive Glenham-Belford Community Cape Cod style home with over 1,700 square feet of living space. ~ The home offers 4 bedrooms and 2 bathrooms. Over 1700 sq.ft ~ The location is convenient to restaurants and stores on Belair Road. Very quiet and family friendly community. Asking $85k obo, reno cost est. $45k & ARV est $215k.

Please provide POF for access to lockbox & $2500 EMD at time of contract. I have provide a detailed Property Summary of the property and a link for recent current photos as of 11/18/16. This is only for serious investors. Cash and/or private financing. Of course due your own due diligence. All data is for information purpose. Look forward to seeing you at closing. Continued success to you. Call me if you have any additional questions.

Link to current photos: https://docs.google.com/folderview?id=0B5VWOpqjhZ7RNUpTc2VHVG40NUk&usp=drive_web.

PURCHASE/REHAB ASSUMPTIONS
65.71% of ARV
After-Repair Value (ARV)215,000.00
Purchase Price (Offer Price)85,000.0039.53%
Rehab Costs45,000.0020.93%
Total Holding and Closing Costs4,000.001.86%
Total Financing Costs7,280.003.39%
Total Project Cost Basis141,280.0065.71%
Total Amount Financed94,640.00
Total Cash Commited46,640.00
PROJECTED RESULTS
Projected Resale Price205,000.00
Projected Cost of Sale12,300.00
Flip Profit (after Lender Split)51,420.00
ROI110.25%
Annualized ROI330.75%
Timeline Assumptions
Time to Complete Rehab2 Months
Time to Complete Sale2 Month 
Total Time4 Month 

Post: Investor from Maryland

Paris WilsonPosted
  • Investor
  • Gwynn Oak, MD
  • Posts 115
  • Votes 10

Good evening, Ms. Igbinoba;

Welcome to BP Family.  I actually have info on a 3 unit separately metered turnkey property.. If you would like more info please PM me.  Continued success to you.

Post: I HAVE SWEETEN THIS DEAL!! RENOVATED TURNKEY 3 UNIT SFR DETACHED!

Paris WilsonPosted
  • Investor
  • Gwynn Oak, MD
  • Posts 115
  • Votes 10

Great opportunity to own this 3-unit renovated self contained apartment building located on a major bus route in a residential community. I have SWEETEN this deal. I have a company who is subletting each unit to people with disabilities, ie VA Veterans, The League for People With Dishabilles and other organizations. They will be paying buyer of this property $3000 a month and taking care of all utilities and bills. I will make this is a part of the contract contingency.This is a triple net. THAT'S AMAZING INCOME. Puts Cap Rate over 19%.

This is an awesome opportunity for an investor or a first time home buyer! Live in one unit and rent the rest! COMPLETELY RENOVATED. Home is in need of central air. (2) 3/1 Apts. & 2/1 Apartment(RENTED) Shared laundry, forced heat, kitchen w/frig, range/oven.

This property is on MLS for $210k, the owner I personally know and have done several deals with. He wants me to bring my network of buyers to this property and will discount the property by $10k. Asking $190k, ARV $260k, Cap Rate 19%+, Repair cost est. $3k for Central Air. Provide LOI, NDNC, POF to receive lockbox and I will add Property Summary w/additional photos and EMD $5k at time of contract.Continued success to you. See you at the closing table.


Inline image 2 Inline image 4 Inline image 7 Inline image 3 Inline image 5
PROJECTED RESULTS
Projected Monthly Rent (net of vacancy) 3,277.50
Projected Monthly Expenses 467.75
Projected Monthly Net Operating Income 2,809.75
Cap Rate Based on Cost Basis 14.9%
Cap Rate Based on ARV 14.7%
Assumed Time to Complete Rehab: 0 Months
Assumed Time to Lease Up 2 Months
Total Time between Acquisition and Lease-up: 2 Months

Property Details for STANWOOD Avenue

Interior Features
    Bathroom Information
  • Main Floor Baths (Full): 1
  • 1st Upper Floor Baths (Full): 1
  • 2nd Upper Floor Baths (Full): 1
    Bedroom Information
  • 1st Upper Floor Beds: 3
  • 2nd Upper Floor Beds: 2
  • Main Floor Beds: 3
    Dining & Kitchen
  • Table Space in Kitchen
    Basement Information
  • Has Basement
  • Unfinished
  • Outside Entrance

Parking / Garage, Utilities, Financing, Location Details

    Parking & Garage
  • Street Parking
    Utility Information
  • Heating: Programmable Thermostat
  • Fuel: Natural Gas Heating
    Finances & Fees
  • Tax Year: 2012
  • Total Taxes: $4,226.88
  • Total Taxes Frequency: Annually
  • City Tax: $4,027.97
  • City Tax Frequency: Annually
  • County Tax: $198.91
  • County Tax Frequency: Annually
  • Possession: Settlement, Immediate
    Location Information
  • Directions: BELAIR ROAD TO LEFT ONTO STANWOOD AVENUE (JUST BELOW MORAVIA ROAD). HOME IS ON THE LEFT

Exterior Features

    Water & Sewer
  • Public Sewer
  • Public Water
  • Hot Water: Natural Gas
    Building Information
  • Vinyl Siding

Property / Lot Details

    Property Information
  • Condition: As-Is condition, Building Winterized, Fixer Upper
  • Ownership: Fee Simple
  • Block or Square: 5936A
  • Election District: 26
  • Zoning: 0R040
    Lot Information
  • Lot #: 056
  • Section: 41
  • Acres (Lot Area): 0.077135

Misc. Information, Documents & Disclosures

    Assessment Information
  • Year: 2013
  • Total Assessment: $167,800.00
  • Total Assessment Frequency: Annually
  • Land Assessment: $30,200.00
  • Land Assessment Frequency: Annually
  • Improvement Assessment: $137,600.00
  • Improvement Assessment Frequency: Annually
    Documents & Disclosures
  • Property Disclaimer

Public Records for STANWOOD Avenue

Taxable Value

Land $30,200
Additions $137,600
Total $167,800
Taxes (2015)$3,960

Basic Info

Beds
Baths 3
Floors 3
Year Built 1920
Year Renovated
Style Single Family Residential
Finished Sq. Ft. 2,928
Unfinished Sq. Ft. 600
Total Sq. Ft. 3,528
Lot Size 3,360
CountyBaltimore City

APN5936A056

County Data RefreshedJul 22, 2016

Post: Near Turnkey Two Unit Property!!

Paris WilsonPosted
  • Investor
  • Gwynn Oak, MD
  • Posts 115
  • Votes 10

THIS PROPERTY HAS SOLD..

Post: DC/MD Experienced Investor Looking for Deals

Paris WilsonPosted
  • Investor
  • Gwynn Oak, MD
  • Posts 115
  • Votes 10

Good day, Rick;

Please PM me. I have a new tapes from my Asset Managers that I work with.  Let's communicate.

Post: I have a great property opportunity at 2013 M St NE for sale

Paris WilsonPosted
  • Investor
  • Gwynn Oak, MD
  • Posts 115
  • Votes 10

Right now I have a great property opportunity at 2013 M St NE for sale.

VACANT 4 UNIT. It can be converted to 10 units matter of right . Sec 8 pays $1,356 for 1 br, $1,667 for 2 br, $2,312 for 3 br, $2853 for 4 br. Possible $8,418/mo from Sec 8 with existing 4 units or convert to condos.Asking price is $560,000. + 3% fee

The current unit mix is as following:

Basement: 3 bed unit

First floor: 3 bed unit

Second floor: Two 1 bed units

Let me know what you think.