All Forum Posts by: Jamal L.

This property offers a private parking pad, updated bathroom w/ Jacuzzi and several updated windows. A rare and attractive front balcony with spacious rooms encompassing 1,688 square feet. This property has a solid structure and is located close to YMCA and Remodeled Schools making it attractive to families. It sits on the York Road corridor making it easily accessible to main roads, a plus for convenience and travel.

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528 Wyanoke Avenue, Baltimore, MD 21218

CALL 410-656-8000

Living Room

Kitchen

Basement Bathroom

3BR | 2 Bth | 1,688 sqftARV $145K
(Comps support)Sale Price $35K OBO

Closing Cost $2k

rehab cost $55k (Estimated)

Resale Com. $8k @$140k

=$100,000 Acquisition and Rehab

Projected net profit $45K
everything considered

For More Info,
CALL
410-656-8000

(Click Flyer for more pics)
For A Video Tour of Property
>CLICK HERE<

Buy and Hold Return is just as attractive $35k + $18k repairs + Closing cost $2k = $55k Total Acquisition

Rent @ $1,350 mth
Gross income $16,200
Vacancy allowance - $ 2,295
Gross Operating income $13,905
Expenses Annually
Taxes - $1,800
Insurance - $850
Maintenance -$1,000
Property Manage (PM) -$1,620
Annual expenses ($5,270)

Gross Operating Income $13,905
Annual Expenses -$5,270
Net Operating income(NOI) $8,635
NOI = 15% ROI Total expense paid for in 6.5 Years! 18% W/O PM

Inquire About Our Property Management

Comps 3632 Ellerslie Ave. sold $135k 5/01/17913 Chestnut Hill Ave. sold $155k 5/22/17

608 Mckewin Ave. sold $170k 5/26/17

3901 Greenmount Ave. sold $180k 10/4/16

915 Chestnut Hill Ave. Sold $191k 6/26/17

Disclaimer: Please do your own due diligence. House is being sold as-is, and buyer is to pay all closing costs. We need Proof Of Funds before scheduling a viewing. Price is based on a cash or hard money offer. All properties offered are either owned by Living Legacy Property Management L.L.C, under contract and selling equitable interest, or offered in conjunction with a business associate. All offers on properties require a $1,500 non-refundable earnest deposit and 14 day close of escrow. We respond immediately to an offer.
Equal Opportunity Housing.

0 Votes

3BR | 2 Bth | 1,688 sqft

ARV $145K
(Comps support)

Sale Price $35K OBO

Closing Cost $2k

rehab cost $55k (Estimated)

Resale Com. $8k @$140k

=$100,000 Acquisition and Rehab

Projected net profit $45K
everything considered

Buy and Hold Return is just as attractive....

$35k + $18k repairs + Closing cost $2k = $55k Total Acquisition

Rent @ $1,350 mth
Gross income $16,200
Vacancy allowance - $ 2,295
Gross Operating income $13,905
Expenses Annually
Taxes - $1,800
Insurance - $850
Maintenance -$1,000
Property Manage (PM) -$1,620
Annual expenses ($5,270)

Gross Operating Income $13,905
Annual Expenses -$5,270
Net Operating income(NOI) $8,635
NOI = 15% ROI Total expense paid for in 6.5 Years! 18% W/O PM

1 Vote

528 Wynaoke, Baltimore Md 21218

3BR | 2 Bth | 1,688 sqlt

ARV $145K (Comps support)

Sale Price $35K OBO + Closing Cost $2k + rehab cost $55k (Estimate) + Resale Commission $8k @$140k

=$100,000 Acquisition and Rehab

Projected net profit $45K
everything considered

For More Info,
CALL
(410) 802-8477

Buy and Hold Return is just as attractive
$35k + $18k repairs + Closing cost $2k = $55k Total Acquisition

Rent @ $1,350 mth Gross income
  $16,200
Vacancy allowance $ 2,295
$13,905

Gross Operating Income $13,905
Annual Expenses $5,270
Net Operating income $8,635 NOI = 15% ROI Total expense paid for in 6.5 Years! 18% W/O PM

Expenses    Annually
taxes    $1,800
Insurance        $850
Maintenance      $1,000
Property Manage (PM) $1,620
$5,270

0 Votes

Hello @Don Warfield

One of the best ways to go about getting whole sale deals is to, as you mentioned, go to network at local REI meet up groups as well as call the We Buy Houses signs in your local area. Most of the times these are wholesalers. Look for quality signs that may indicate that the wholesaler has at least some degree of professionalism in regards to advertisement. That can be the difference in getting a more thorough wholesaler than a fly by night one. Also as @Larry Turowski mentioned to get the criterion you are targeting you may want to advertise for your own leads in the particular markets you are looking for. Hope this helps, prosperous investing to you!

1 Vote

Hello @Sebastiano Sorbello

This is the ideal site to get help and learn from other successful investors. Feel free to reach out for any specific info that I may be able to assist with.

prosperous investing

0 Votes

Hey Ray I have a contractor that can perform the job DM me for his info.

0 Votes

Solid Structure
Remodeled Kitchen
Beautiful Hardwood Floors
Across the street from Fire Station
Johns Hopkins Hospital is only 5 minutes away
Ceiling fans are installed in every room, including bedrooms.
Skylights throughout the residence.

For pics of property:

https://www.dropbox.com/sh/1eocjkrrj0a88pq/AAAOla5...

For more information, please call (410) 802-8477

Property Management Available
http://livinglegacypm.com

1 Vote

Great buy and Hold property in Park Heights area with various income potential. Spacious 3 story unit with solid structure and minimal repairs needed to bring to rental condition.

Property has 3 bedrooms and 1 bathroom
New roof replaced less than 5 years ago No Leaks
Great location for Rooming house
Invest $5K-$8K in repairs
Generate thousands of dollars in monthly income? Ask us how!

For pics of property:

https://www.dropbox.com/sh/ra474tncsj7tg15/AADsMAkSBgIDdKcEgs4KtVdTa?dl=0

Property Management Available
http://livinglegacypm.com
For Rehab and Tenant Placement needs
https://www.dropbox.com/sh/ra474tncsj7tg15/AADsMAkSBgIDdKcEgs4KtVdTa?dl=0 Contact Jamal for more info @ 410-802-8477

0 Votes

Great buy and Hold property in Park Heights area with various income potential. Spacious 3 story unit with solid structure and minimal repairs needed to bring to rental condition.

Property has 3 bedrooms and 1 bathroom
New roof replaced less than 5 years ago No Leaks
Great location for Rooming house
Invest $5K-$8K in repairs
Generate thousands of dollars in monthly income? Ask us how!

Pics of property:

https://www.dropbox.com/sh/ra474tncsj7tg15/AADsMAkSBgIDdKcEgs4KtVdTa?dl=0

0 Votes

All Forum Posts by: Jamal L.

Jamal L. has started 134 posts and replied 371 times.

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