All Forum Posts by: Paris Wilson

Good morning, Jordan;

Is this property still available. I am working with an investor that has been looking for property in this area. Please email me at: [email protected]. I have his POF available and he is all cash buyer. Please PM if still available.

Hi Mark;

PM me and should be able to assist you.  

Definitely the BWI Meetup. @Russell Brazil is on point with that. Highly recommend.. Continued success to you. Hope to see you there.

 THIS IS IT!!! WILL BE GONE THIS WEEKEND!!

I

ncredible opportunity to own a near turnkey 2 unit in Ramblewood Community. [email protected] or 443.691.6619 for additional photos. Property Summary Attached hereto with photos.

PURCHASE/REHAB ASSUMPTIONS
% of ARV
After-Repair Value (ARV)	170,000.00
Purchase Price (Offer Price)	75,000.00	44.12%
Rehab Costs	25,000.00	14.71%
Total Holding and Closing Costs	4,000.00	2.35%
Total Financing Costs	0.00	0.00%
Total Project Cost Basis	104,000.00	61.18%
Total Amount Financed	0.00
Total Cash Commited	104,000.00

PROJECTED RESULTS
Projected Monthly Rent (net of vacancy)	1,431.65
Projected Monthly Expenses	283.17
Projected Monthly Net Operating Income	1,148.49
Cap Rate Based on Cost Basis	13.3%
Cap Rate Based on ARV	8.1%
Assumed Time to Complete Rehab:	1 Month
Assumed Time to Complete Refi	2 Months
Total Time between Acquisition and Refi:	3 Months

ADDITIONAL STREET COMPS: 1201 GLENEAGLE RdBALTIMORE, MD 21239 $159,900Price 3Beds 2Baths

1,116 Sq. Ft.

$143 / Sq. Ft. Redfin Estimate: $156,577On Redfin: 9 daysStatus: ACTIVE 1243 GLENEAGLE RdBALTIMORE, MD 21239 $145,963Redfin Estimate $160,000Sold Jul 15, 2016 3Beds 2Baths

1,116 Sq. Ft.

$131 / Sq. Ft. Built: 1950Status: SOLD
1225 GLENEAGLE RdBALTIMORE, MD 21239 $54,502Redfin Estimate $63,235Sold Apr 11, 2016 3Beds 1.5Baths

1,316 Sq. Ft.

$41 / Sq. Ft. Built: 1950Status:

Sold

Cash, the property is an auction and was sold AS IS with over $40k needed for retail of $165k.

1551 Gleneagle RdBaltimore, MD 21239 UnknownPrice —Beds 1.5Baths

1,320

Sq. Ft. Redfin Estimate: $72,476On Redfin: 17 daysStatus:

Foreclosure

Auction Date	Wednesday, June 15, 2016
Stories	2
Community	WARD 09
MLS#	574363249
Lot Size	3,914 square feet

Auction Price	$97,386
# of Rooms	0
County	Baltimore City
Built	1951

Good afternoon, Ms. McKenzie; 

The property is still available. It would be my pleasure to email you the Property Summary and details to you. Please email me back to confirm you receive the summary. Enjoy your day and continued success to you.

Incredible opportunity to own a near turnkey 2 unit in Ramblewood Community. CoC 22%: Cap Rate 13%. Very nice neighborhood and rents are strong. Less than $10k needed to be rent ready and $25k est. for full rehab for retail value of $170k. Not much work here. Each unit is 2/1, nice front and rear yard, kitchen, avg. rents $1300. Asking $75k obo. Please provide POF to receive lockbox and $3500 EMD at time of contract. This is a cash ONLY transaction. Discount if can close within 7 days. Please contact me at: [email protected] or 443.691.6619 for additional photos and property summary.

PURCHASE/REHAB ASSUMPTIONS	61% of ARV
After-Repair Value (ARV)	170,000.00
Purchase Price	75,000.00	43%
Rehab Costs	25,000.00	14%
Total Holding and Closing Costs (not inc. Refi)	4,000.00	2%
Total Financing Costs	-	0%
Total Project Cost Basis	104,000.00	61%
Total Amount Financed	-
Total Cash Commited	104,000.00

PROJECTED RESULTS
Projected Monthly Rent (net of vacancy)	2,280.00
Projected Monthly Expenses	368.00
Projected Monthly Net Operating Income	1,912.00
Cap Rate Based on Cost Basis	22.1%
Cap Rate Based on ARV	13.5%
Assumed Time to Complete Rehab:	1 Month
Assumed Time to Complete Refi	2 Months
Total Time between Acquisition and Refi:	3 Months

Beautiful Historic Seton Hill Community in downtown Baltimore. This property is within walking distance to EVERYTHING! Hospitals, colleges, museums and nightlife.

PURCHASE/REHAB ASSUMPTIONS
56% of ARV
After-Repair Value (ARV)	250,000.00
Purchase Price (Offer Price)	75,000.00	30.00%
Rehab Costs	60,000.00	24.00%
Total Holding and Closing Costs	4,000.00	1.60%
Total Financing Costs	0.00	0.00%
Total Project Cost Basis	139,000.00	55.60%
Total Amount Financed	0.00
Total Cash Commited	139,000.00

PROJECTED RESULTS
Projected Resale Price	240,000.00
Projected Cost of Sale	14,400.00
Flip Profit	86,600.00
ROI	62.30%
Annualized ROI	149.53%
Timeline Assumptions
Time to Complete Rehab	2 Months
Time to Complete Sale	3 Month
Total Time	5 Month

Sorry, this property SOLD 3 days ago. I do have another property that I will have under contract on Monday that I can send you.  I can put you on my buyer's list if you like. Let me know. You can reach me at: [email protected] or 443.691.6619. Continued success to you.

Good evening, Stephen;

Please contact me and lets talk or meet.. First, thank you for yours service to our country. I have several projects, clients, investors and buyers I am working with. And of course they are hungry for my deals and their belly never gets full.. LOL.. Continued success to you. Look forward to talking or meeting with you. 

Welcome to the BP Family, Mark.. Wish you all the best and the BP family is great for advise and information. Please make sure you get to your local REIA and Meet ups.. So important if you want to be successful. Always surround yourself around like-minded people. Don't listen to any dream destroyers. Set your goals, ie short, mid and long term. Stick to them and adjust them where needed. Also, find and network with investors that are doing deals and just ask if you can watch them do a deal and take them to lunch or dinner. This is the best community of people that will assist you in your endeavors. Continued success to you.