John Lydic

Screen Name: JohnLydic

JohnLydic
Points: 100
*San Antonio, Texas
United States
OFFLINE
Help a Yankee (Humble Ohio Boy) get to Texas!
rank 1 Full Time
Need a Mentor?
If you have the financial means, but lack the knowledge and experience, please contact me. Earn while you learn. We will be buying and selling low-end, single-family houses in San Antonio. $200K Investment.  18-30% ROI.
 
 
Sincerely,
 
John Lydic
440-454-4321
 
Awwww!

John is currently working 2,000 feet underneath Lake Erie in a salt mine. No joke!

Help me get back to the surface, and earn 18 - 30% ROI in the process.

My Story . . .
Currently seeking funding partner for wholesale real estate operation in San Antonio, Texas.
 
 
 
In 1999, after a year of reading books, “harassing” local real estate investors and faxing typed letters from the floor of my apartment (Yes, with a typewriter. I didn’t even own a computer.), I bought my first house for $36,000. It was a duplex located at 765 Bonnie Brae Avenue in Atlanta, Georgia. I bought the place with a no-credit-check, hard money loan at 10pts/18% interest, yikes. I had just quit my graveyard-shift job working in an archaic, digit and limb-risking envelope factory. I had two weeks before my rent and car payments were due, and I had no money.
 
I was able to pull some cash out of the repair escrow to stay afloat. While putting on a new roof and painting the house, a lady from across the street who managed a rooming house (or more accurately, a drug dealer who managed a crack house) had come over to me and said she wished I could do that to her house. I said give me the name and number of your landlord. Within two weeks, I had seven rooming houses (drug houses) under contract. These houses were beyond imagination, piled with filth, raw sewage and, in all reality, should have been bull-dozed.
 
I ended up buying and selling four other houses on that same street. The rehabilitation that was going on, in turn, had brought other investors into the area. Over the course of a couple years, the whole street had turned from a war zone into a neighborhood. Some homeowners complain about investors, citing more rentals and lowered property values, but this would be a debate for the suburbs. My business is lower-end, inner-city, and from my personal experience, what I do is good.
 
I had wholesaled properties independently for several years in Atlanta and managed to move 50 plus houses, but it was a tough gig to pull off without cash. I started out of the gates strong, but had eventually begun chasing my tail. With the influx of prime-time real estate shows, late-night infomercials and the hot Atlanta market, large, well capitalized cash buyers were coming out of the woodwork. The game of tying up contracts as a means to control and turn properties without cash had caught up with me. I ended up moving back to Ohio to stay with a relative in order to regroup.
 
I have the knowledge, expertise and tenacity; but what’s missing is the cash infusion needed to take my business to the next level. The benefits a cash investor will provide are immeasurable. A cash-backed buyer in this niche is separated from the pack, granted greater access to more properties and strengthened by consistency in establishing and maintaining an on-going inventory.
 
Currently residing (stuck!) in Olmsted Township, Ohio, I have a unique funding request for a perpetual, wholesale real estate operation in San Antonio, Texas. (See housing forecast on my site for why San Antonio.) I am currently seeking a private investor/funding partner to back me in a full-time, low-end, multi-property real estate venture: investment $200K. I have published my proposal online as a creative way to introduce myself and provide a detailed approach to the presentation of my business plan. Please see my proposal in detail at:
 
 
The passive income opportunity my proposal presents when weighed against the relative startup cost promises to offer a lucrative and worthwhile endeavor. Outside of initial startup costs, which are included in the total investment and recouped by investor, all substantial funds are secured by the real estate we purchase. I’m not asking for a blank check; you maintain control of funds as all substantial funds are wired directly to licensed closing attorneys. This is essentially an asset-based proposal in which the homes we purchase, typically 40% to 50% of ARV (After Repair Value), will serve as collateral. I am projecting an 18-30% ($36,000 to $60,000) conservative return to investor in the first year on a $200K investment.
 
For the past year, I have researched the local San Antonio market, studied the neighborhoods, analyzed sales comparables, tuned in to all of the local real estate blogs and forums to gain insight, familiarized myself with who’s who in the investor market, acquainted myself with the investor clubs, vendors and associated real estate professionals and identified lenders that will provide financing to our buyers.
 
More importantly, I have done all of the preparation necessary to make this a virtual plug-in operation. A fully functional website for property listings, business cards, flyers and company identity are all basically developed, just awaiting a San Antonio address and new phone numbers. Marketing avenues have been explored and identified. All documents, contracts, trust agreements, forms and letters are all ready to go.
 
“Sometimes you have to go out on a limb;
that’s where the fruit is.” unknown
 
I am looking for someone who, not only, has the means, but can recognize the viability, sustainability and growth potential of my plan.
 
Any help, direction or referral would be appreciated.
 
Thanks,
 
John Lydic
440-454-4321
 
Must Watch!
Bad Day at the Office!
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My Comments
Budking69

From: Budking69
11/06/2008

Hey John,

   Your right about finding the right deal, thanks for the advice.

                                                              Thanks David



SamiFlickRE

From: SamiFlickRE
10/08/2008
I am looking for my own $$, and just so you know, that was my best friend's old apartment...I do NOT live there. LOL

Colorado Noobvestor

From: Colorado Noobvestor
09/27/2008
John,
Though I'm really interested in your investment, I don't have the 200K to drop right now.  I wish you the best and will keep you in mind for the future.
Nara
www.vistavantage.com
For all your travel needs

investor411

From: investor411
09/03/2008

John

Check out www.whatmeltdown.com for equity for you wholesale deals. 



ExpansionTEAM ventures

From: ExpansionTEAM ventures
09/01/2008
Hey thanks John, San Antonio is a great market, good luck bud!!

Erin

From: Erin
08/15/2008

 

$100,000 Per Month!!

Investors!!........... Mortgage Professionals!! ...........

...........Real Estate Agents!!

We now offer Note Purchases on SHORT Sales and REOs!!!!! FLIP AT CLOSING, USE OUR INVESTOR'S FUNDS TO BUY HOMES FROM BANKS AND THEN FLIP WITH "OWNER CARRIED NOTE" Which is SOLD AT CLOSING!!!

PLUS: Enjoy Joint Venture Profits. No Credit on your part!!!

Just Added: By joining at Platinum Level, you are receiving training as an investor so that you can FLIP homes using the Program. You receive the Gold level program AND the Platinum level training. You can also start earning more as a result of being at the Platinum Level. (Click Here)

This is a 2 Tier Payment System, NOT an MLM. You earn on your team and on their team. All of your team members pass up 2 of their team members (1 & 4). In the example above, since Tim and Tom have been passed up to your team, they will, in turn, pass you their 1st and 4th sales. This process keeps occuring over and over. Of the $697 startup cost for Platinum Level, $600 is paid instantly to team leaders.

1.) Earn Full Profit Spreads on homes you flip!!
2.) Earn 1% of the loan purchased from every Homeowner that funds with our Temporary Seller Financing Program.
3.)Earn 1/2% percent of the loan purchased on any sales made by your team members.

Profits made by making Gold and Platinum Level Sales.

4.) Earn $400 on every Platinum sale made from your website with the exceptions of your first and fourth sales.
5.) Earn a $200.00 Bonus on every Platinum sale that any of your team members make.

This becomes a Residual Income that CONTINUESto come in each time anyone on your team brings Platinum members. It also means you earn $600on each of the 1st and 4th sales from ANY of your team sales to infinity!! PLUS, you earn the $200on EVERY sale made from EACH of your team members. Your 1st and 4th personal sales are not part of your team as they are passed up to your team leader and become part of their team.

~All of YOUR team members will Also pass up their 1st and 4th personal sales which is how YOUR team will grow as well, from the efforts of your team members.~

6.) You can use ANY pre-approved buyers from any of your own Gold team member's, to FLIP your OWN homes with; (after the original seller has their opportunity to sell to that buyer). Gold level team members are limited to earning only from the original homeowner that created the lead.

All additional pre-approved leads belong to you! This is the

KEY to building an enormous buyers list, ready to buy your next home!!!!!!!!!

7.) Earn $150.00when team members joins at the Gold level.

8.) Earn $400.00on every Platinum team member that joins through any of your own Gold team members. (Gold team members only earn when someone signs up at Gold Level. They must pass-up all Platinum members to you until they become a qualified Platinum Team Leader. You get to keep all passed up team members.)

So there you have it!!! AND you can TRY IT FOR FREE!!!!!

CLICK HERE!

 

Details on how Platinum Associates are paid as people join your Platinum Team

 



favilla

From: favilla
07/24/2008

Please join us Thursday July 31st at 4pm PST for a free educational webinar discussing the benefits of having a Nevada based LLC and how you can save up to 48% on your next tax filing. Hear from qualified industry leading CPA’s, Financial Planners, and Commercial Insurance Brokers as they discuss the multiple tax relief benefits from business-friendly Nevada showing you the differences between corporations, partnerships, LLC’s, how to separate your personal assets from your business assets, and how anyone can own a Nevada LLC as you do not have to reside in the actual state.

 

If you would like to participate in this event, please R.S.V.P. at http://www.jump2money.com/webinar_rsvp.php



The Money Finders, LLC

From: The Money Finders, LLC
07/22/2008

John,

Thanks for the add. I love this website b/c of the networking opportunities and to meet people like yourself . I have had many people become clients and referral sources for our company.

Find out more about us at Learn Apartment Financing.



RealEstateInvestor

From: RealEstateInvestor
07/21/2008
Hi John, welcome to this fantastic community.  It appears you are already active here in such a short time.  I think you will benefit this community a lot.  I wish you well in your business and investing plans in San Antonio.  It's a lovely city.  Can't wait to go back to visit it again. 
The video you posted of "bad day at the office" has got to be one of the best ones on YouTube.  I love the guy who is popping bubble wrap who later is annoyed by the paper airplanes so he simply tosses his monitor into the other cubicle.  And the guy hitting his computer with the hammer or ax, and that young women in the background just keeps going back to work pretending like nothing is wrong except she keeps turning around to see her co-worker.  If I were her I'd have left the room, not sit around waiting for a time bomb. 
Hopefully in our real estate investing businesses we will avoid those types of days as we have some control over our environment a bit more than those traditional office settings.  I look forward to networking with you in the future.

Best of success,
Joel 

GreenInvestments

From: GreenInvestments
07/20/2008
Hey John, Good luck in all your endeavors.. San Antonio is an incredible market.

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