Taj Washington

All About TajWash

Taj Washington
About Me: 

I'm a capital partner that raise money for "The Evergreen Investment Group."The cash comes from private investors. We buy foreclosures, short sales, distress properties, REO's, FSBO rehab then sell them. Once they are sold we're able to pay my investors a fixed double digit rate of return."

This is what I do:

I find investors that want to hold a first mortgage on investment properties. They will hold the only mortgage on the property. We only buy houses that can be purchased and totally rehabbed for a cost that will not exceed 65-70% of the full retail value. This insures the investor that there is at least 30% equity in the finished product.

Many investors have retirement accounts that are under performing. We work with a Self-Directed IRA Custodian that can arrange for the investors to hold mortgages on properties. Their IRA will hold the mortgage on the property. The IRA will also benefit from any gains made on the property and these gains will be tax deferred.

The term of the loan is as long as we hold the property. They are payed the original loan balance plus the agreed upon interest upon the sale of the house. Title Companies require a clear title in a transaction so they pay the Mortgage Holder as soon as they receive the Buyer's Funds. We get paid at the end after everyone else is paid.

We offer our investors a 12% (annual return) or 15% of the net profit, whichever is greater. The average investment amount is $75,000 to $125,000. We are dealing in the Dayton-Cincinnati, Ohio area so our target sales price is under $200,000.

It is in our best interest to sell the houses quickly so that we can turn around and buy more houses. The typical holding period from purchase is 4 to 7 months. This includes rehab time, days on the market to sell and the time that it takes to close once a buyer's offer is accepted. The investor gets all of his money back
at closing. If he is happy with the way the deal turned out he can invest in another deal, if not he is free to move on. Keep in mind that if a deal takes about 6 months and the investor received 12% annual interest, his rate of return is actually closer to 24%.

We actually encourage investors to try one deal at first and see how they like dealing with us, instead of investing enough money to buy multiple houses the first time around. We want to take the time to build an investor's trust in our company so that they will be anxious to reinvest numerous times. We are looking for long term relationships.

The Evergreen Investment Group
The company was founded by Samuel Guanci and Lawrence Strychalski and is based in Cincinnati, Ohio.

Background for Lawrence Strychalski:

* Started flipping houses in Western New York in 1984
* Was General Contractor on his own Collision Shop in Elma, NY, building was constructed from the ground up in 1987
* Became a licensed Realtor in Las Vegas, Nevada in 2002
* Partner / General Manager / Project Manager of Spago General Contracting from 2005-2009

- Spago General Contracting completed the following types of projects:

1) Built basement and stem wall foundations for modular homes

2) Set and finished modular homes, built attached garages
3) Finish concrete work
4) Numerous commercial tenant improvements ranging from hair salons to small
5) Acquired, rehabbed and flipped numerous homes
6) Completed rehabs for Wells Fargo and some smaller regional banks
* Purchased, rehabbed and sold approximately 200 homes from the Trustee's Sale in Las Vegas, Nevada from 2009-20012
* Currently the Chief Executive Manager of the Evergreen Investment Group and is working with investment properties in Las Vegas, Nevada and the Dayton / Cincinnati, Ohio Area
Background for Samuel Guanci:

* Owned and managed an 8 Unit Apartment Building in Rozelle, Illinois
* Developed, built and sold a 48 Unit Condo Complex ( Santa Barbara Condos) in North Las Vegas, Nevada in 2005-2006
* Developed, built and sold a 5800 square foot class "A" medical Building in Las Vegas, Nevada in 2005-2007.
* Developed, built and sold 14 townhouses ( Coronado Townhomes) in Mesquite, Nevada in 2007-2009.
* Developed, built, leased and sold Buffalo's Southwest Cafe in Mesquite, Nevada in 2008-2009.
* Developed, built, leased and sold Buffalo's Southwest Cafe in Hurricane, Utah in 2008-2010.
* Developed, built and sold the Holiday Inn Express in Ely, Nevada in 2008-2010.
* Flipped numerous houses in Las Vegas, Nevada in 2009-2012.
* Currently the Chief Financial Manager of the Evergreen Investment Group and is working with investment properties in Las Vegas, Nevada and the Dayton / Cincinnati, Ohio Area

All aspects of Real Estate Investing

Topics I've Participated In

4closurealert neida6649 years 16 weeks ago
REO INVESTING TajWash214 years 7 weeks ago

Basic Info

Private Investor
Have Child(ren)
Some College

Sites I Visit

Mainly Just This One