Daniel Lucas
Screen Name: Daniel Lucas
|
Points: 1237
Baltimore, Maryland
United States
|
OFFLINE
Business Name: Lucas Home Solutions
410 660 9196
info(at)LucasHomeSolutions(dot)com
The Marshall Mathers of House Hustlers
Contact Panel
Looking For Cash Buyer!
200 block of Division Ave, NE Wash DC 20019
Asking Price: $ 155,000
Repairs Needed: $2,500 for rental / $17,000 for resale
After Repair Value: $250,000+
Projected Gross Profit: $83,000 Monthly Cash Flow: $607.00 (gross)
Good Morning,
Thanksgiving comes early this year! Trust me when I say that you'll be thankful for this money maker.
This DC deal already has a Section 8 tenant paying $1,771/month and has over $83,000 in equity. I'm making this property available to you for only 69% of retail value.
This is a TRUE wholesale deal that will make you an awesome profit if you rehab and resale - OR - you'll have $607 in monthly gross cash flow with the Section 8 tenant already paying $1,771/month (guaranteed rents).
Located in the nice Deanwood neighborhood, the 3 bedroom/1.5 bathroom semi-detached property is all brick and has an enclosed sun room addition and a finished basement.
Also featured are hardwood floors, central air conditioning, and a forced air furnace (NO crappy radiators and window units....yeah!!). The property needs less than $2,500 in cosmetics to keep it as a rental or you can spend $17,000 to renovate it and sell if for $250,000.
I recommend the long term investing approach of buying and holding this profitable property. As an experienced investor, I can tell you that $607/month in gross cash flow is SERIOUS. Imagine owning ten properties like this! How about 20? You get the picture.
However, you won't be disappointed if you rehab and resell for gross profits of $83,000 (a projected net profit of $61,000).
SPECIAL OFFER:If you buy this deal, I will even re-list the property when the renovation is complete or manage the property for you for 1 year. Your cost......F-R-E-E.
Here are recent comparative sales:
Comparable Sales
Address - Condition - Status Price Bedrooms
4728 Blaine St - As Is (Sold 4/15/08) $ 255,000 3
4615 Clay St - Renovated (Sold 8/15/08) $ 295,000 3
121 46th Pl - Average (Sold 5/16/08) $ 242,500 3
125 46th Pl - Average (Sold 6/12/08) $ 258,000 3
4539 Eads Pl - Renovated (Contract) $ 250,000 3
PICTURES HERE: http://s79.photobucket.com/
Give me a call to take a look at this profitable wholesale deal.
Finders fees/Agent's commission gladly paid if you bring us a buyer. The deal will close at my title company. Cash or hard money is preferred. A $1,500 deposit is required with all contracts.
I'll See You In The Fast Lane,
Vern Vaughan
aka "The T-Shirt and Blue Jeans Real Estate Investor"
aka "The Wholesale Renegade"
Realstar Properties
877-BUY-IT-FAST
RealstarOnline.com
Asking Price: $ 155,000
Repairs Needed: $2,500 for rental / $17,000 for resale
After Repair Value: $250,000+
Projected Gross Profit: $83,000 Monthly Cash Flow: $607.00 (gross)
Good Morning,
Thanksgiving comes early this year! Trust me when I say that you'll be thankful for this money maker.
This DC deal already has a Section 8 tenant paying $1,771/month and has over $83,000 in equity. I'm making this property available to you for only 69% of retail value.
This is a TRUE wholesale deal that will make you an awesome profit if you rehab and resale - OR - you'll have $607 in monthly gross cash flow with the Section 8 tenant already paying $1,771/month (guaranteed rents).
Located in the nice Deanwood neighborhood, the 3 bedroom/1.5 bathroom semi-detached property is all brick and has an enclosed sun room addition and a finished basement.
Also featured are hardwood floors, central air conditioning, and a forced air furnace (NO crappy radiators and window units....yeah!!). The property needs less than $2,500 in cosmetics to keep it as a rental or you can spend $17,000 to renovate it and sell if for $250,000.
I recommend the long term investing approach of buying and holding this profitable property. As an experienced investor, I can tell you that $607/month in gross cash flow is SERIOUS. Imagine owning ten properties like this! How about 20? You get the picture.
However, you won't be disappointed if you rehab and resell for gross profits of $83,000 (a projected net profit of $61,000).
SPECIAL OFFER:If you buy this deal, I will even re-list the property when the renovation is complete or manage the property for you for 1 year. Your cost......F-R-E-E.
Here are recent comparative sales:
Comparable Sales
Address - Condition - Status Price Bedrooms
4728 Blaine St - As Is (Sold 4/15/08) $ 255,000 3
4615 Clay St - Renovated (Sold 8/15/08) $ 295,000 3
121 46th Pl - Average (Sold 5/16/08) $ 242,500 3
125 46th Pl - Average (Sold 6/12/08) $ 258,000 3
4539 Eads Pl - Renovated (Contract) $ 250,000 3
PICTURES HERE: http://s79.photobucket.com/
Give me a call to take a look at this profitable wholesale deal.
Finders fees/Agent's commission gladly paid if you bring us a buyer. The deal will close at my title company. Cash or hard money is preferred. A $1,500 deposit is required with all contracts.
I'll See You In The Fast Lane,
Vern Vaughan
aka "The T-Shirt and Blue Jeans Real Estate Investor"
aka "The Wholesale Renegade"
Realstar Properties
877-BUY-IT-FAST
RealstarOnline.com
Other Interests
Living life to the fullest!
My Details
| Investment Type: | Wholesale |
| Short Sale | |
| Rehab | |
| Activity Level: | Part-Time |
| Investing Since: | 2007 |
| Reason on REI: | Selling Wholesales |
| Learn R.E. Investing | |
| Other Website: | www.LucasHomeSolutions.com |
| Member Since: | 04/26/2008 |
| Last Login: | 12/09/2008 |
My Blogs
No blogs was posted by this user.
Story of The Next Multi-Millionaire
I'm a twenty year-old junior in college at the University of Maryland Baltimore County with a major in Information Systems. I am the youngest of four siblings, and my parents are in their sixties (I convinced my father to attend meetings at DCREIA with me; he also attended Dave Lindahl's 4 day Chunker/Foreclosure boot camp with me). No one in my immediate family owns more than one property currently except for my older brother Joseph. He is a real estate attorney in the Dayton, Ohio area and currently owns two houses. He used to own three apartment buildings for a total of 16 units, but he says the costs ended up higher than he believed, and he over calculated the cash flow on his properties. He was the property manager, and the properties did not cash flow enough to pay for one. I believe he owned the buildings for about four years and netted a profit of around $42,000. His job circumstances changed, and he figured his time was better spent working for his law firm (he had problems with tenants paying late, having to fix things, etc). Now my brother is very pessimistic and cynical about real estate. He tries to discourage me from getting started, because obviously if he couldn't become really successful (he was a valedictorian, went to Harvard, UPenn Law, etc), then I have little chance. My parents don't encourage my real estate passion, but they accept it.
I became interested in real estate probably around middle school when I learned of the landlord-tenant system. I wanted to own a piece of real estate (such as apartment buildings), rent it out, and allow my renters to pay down my mortgage and also give me a bit of extra payment each month in the form of positive cash flow. In early high school, I studied about paper assets, but I did not feel that paper assets are the most secure path to wealth. By junior year of high school, I had discovered Robert Kiyosaki, and I studied all of his materials I could find: Rich Dad Poor Dad, Cashflow Quadrant, Choose To Be Rich, Cashflow 101 and 202 games, and Rich Kid Poor Kid. Although his materials are very basic to most business people and investors, he encouraged a new way of thinking that differed from the ideas I had gained while young.
I needed more materials to study, so I searched on-line and found some good free sources of information. The source I used the most was creonline.com because of the vast amount of information available as well as the social community. I'm also on other sites such as biggerpockets.com, reiclub.com, and many more. One webinar from creonline.com I heard Dave Lindahl's presentation, and I felt compelled to purchase his Apartment House Riches course. I learned a lot from that course, and I've even had the opportunity to study additional courses from the Russ Whitney group, Ron Legrand, William Bronchik, Trump University, and more. I'm still in the process of completing some of those courses, but I have made substantial progress over the past few months. They cover topics including multi-family houses, pre-foreclosures, wholesaling, property management and cashflow, commercial real estate, tax liens and deeds, purchase options, and short sales. Eventually I would like to learn all about rehabbing.
My plan is to wholesale for a while, then rehab, then invest in multifamily houses and apartment buildings.
I became interested in real estate probably around middle school when I learned of the landlord-tenant system. I wanted to own a piece of real estate (such as apartment buildings), rent it out, and allow my renters to pay down my mortgage and also give me a bit of extra payment each month in the form of positive cash flow. In early high school, I studied about paper assets, but I did not feel that paper assets are the most secure path to wealth. By junior year of high school, I had discovered Robert Kiyosaki, and I studied all of his materials I could find: Rich Dad Poor Dad, Cashflow Quadrant, Choose To Be Rich, Cashflow 101 and 202 games, and Rich Kid Poor Kid. Although his materials are very basic to most business people and investors, he encouraged a new way of thinking that differed from the ideas I had gained while young.
I needed more materials to study, so I searched on-line and found some good free sources of information. The source I used the most was creonline.com because of the vast amount of information available as well as the social community. I'm also on other sites such as biggerpockets.com, reiclub.com, and many more. One webinar from creonline.com I heard Dave Lindahl's presentation, and I felt compelled to purchase his Apartment House Riches course. I learned a lot from that course, and I've even had the opportunity to study additional courses from the Russ Whitney group, Ron Legrand, William Bronchik, Trump University, and more. I'm still in the process of completing some of those courses, but I have made substantial progress over the past few months. They cover topics including multi-family houses, pre-foreclosures, wholesaling, property management and cashflow, commercial real estate, tax liens and deeds, purchase options, and short sales. Eventually I would like to learn all about rehabbing.
My plan is to wholesale for a while, then rehab, then invest in multifamily houses and apartment buildings.
My House Hustlin' Wholesalin' Business
I work with a broker/owner of Dynamic Exit Realty in Maryland. The owner, Dante, owns a wholesaling company with several people working under him. I am working as a contractor for him, bringing him leads, calling sellers, etc. I'm not really a bird dog, cause I have a more intimate involvement in the deals. I'm pretty much doing all the work myself and just going to Dante for help. The idea is to get my feet wet under the supervision of an experienced investor. I met Dante at the April DCREIA meeting.
My super awesome acquaintances -> JOIN THEM!
Daniel Lucas has 113 contacts
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