All Forum Posts by: David Kosiorek

Sounds like a win win.  Now push real hard to keep those deals coming in

 A little background on myself:  I've done construction work as a carpenter through college and even after fixing up my own home and friends homes.  So my background knowledge of Should Cost is very useful weeding out crazy estimates and knowing timeframes.  First house took forever because the buyer qualified for multiple state grants which made closing difficult and my agent at the time was not experienced with the funding of those loans.  Now looking back as an investor that mainly focuses on first time home buyers and an agent, I'm pitching those same pita grants because thats less cash out of my pocket at closing when I can get MD to give a buyer 5/10k (income based grant programs).  Are they difficult, oh yeah, do they take a long time, yep, but will i wait 90 days for an extra 5k... yeah more than likely.  Working on building a client base and getting them into those programs prior to me having homes available. Knowledge is power. WIN WIN WIN.  

 Yeah, 

SOD, I can do it but what a pita.  Yes, it took my lawn from dead brown to pretty green in about 4 hrs.  

@Rob Pool I'm acquiring properties in the same neighborhoods. Problem I have right now is that my full time job which is high level federal job, is honestly slowing my growth down, so I'm debating leaving my full time for real estate. Also, thus far I've been using my own money, im finishing more homes that have profit than i have money to play with. So I'm entertaining the idea of JV's in the near future.

Thanks for all the support!

To all the disbelievers, I took out a TSP 5 yr loan... years ago but it was my first 60k. I've made a lpt more in housing than the 29% that my account has gone up.

@Valeria Valdes  Thank you!

@daniel 

I have not yet had a moment to setup an official website, i have registered all the names on FB/Twitter/IG/Gmail for email accounts in various variations 

PS-- Deal 5 just landed today, I almost had a heart attack.  Thank god for the bank for finally giving the nod on this one!  This will help make my year.

Things I need to work on:  Possibly reaching out to find different issurers for the flips (prices seem high for the base amount of coverage), Direct Mail (still in the works, as I'm an agent now-I have rules ;/-cost of business), finding time to learn the Tax Sale (Baltimore)- if you are a wizard, i'd love to pick your mind, learning new neighborhoods, networking

A big update, after my first deal about 9 months ago, i've managed to stay busy.  About me:  got my RE license in MD after my first deal, I'm MUCH more tech savy than the 3 agents that I had experience with and better with paperwork (record keeping).  I was also on vacation for roughly a month (more on this later).

(Dec 2014) - 2nd deal- townhouse, purchased off MLS price 62k, rehab costs 38k--all cash, was going to rent this but decided to sell once I got my license (so this took a LOT longer than I expected) under contract at 146k (I'm the listing agent so i'll save some $$ here)

(Mar 2015) -3rd deal- townhouse, purchased off MLS 57k, rehab costs est 36k---all cash, should be listing likely by 7/1/15 for 152k

April 2015- Missed opportunity:  While on my 1 full month vaca to Italy/France/Greece, I received an email from a woman looking to sell her house, I obviously didn't answer the email.  3 weeks later after I return, I reply only to find out that she is under contract with one of my good friends (he will make 45k on the wholesale).... kicks myself

May 2015- 4th deal-- neighbor walked into deal 3 jobsite and said he wanted to sell his house for cash...Foreman gave him my number rest is history (its 4 doors down from deal 3), purchase price 54k, est rehab 39k---all cash, will likely sell est 150k or rent for 1450ish

June 2015, 5th deal-- found on mls...--LOC, went in 20% over asking (bank still pending on the offer) (currently residential -which i have a renter lined up at 1800/mo after I dump likely 50k in. I'll keep it as a rent for 5-10 yrs as this street has 29k cars drive down it a day and all three corners are all commercial with a flat lot (sold for 400k) on the corner across the street. So even If i bulldoze the darn place, I look at it as an instant 200k win.... could top off this year... My private investor wanted to bulldoze and put a strip mall on it... I might do that later down the road but until then... its a cash flow king and I get exclusive right to use the 3 car detached (2 story) garage as it has street access... I've been buying in BULK and my house is starting to look like a Home Depot

June 2015--- I'm getting ready to close my first (normal deal) representing a friend of a friend on a condo purchase (easiest 4.5k i've ever earned)

Learning experiences, i've been able to negotiate much much fairer prices for licensed HVAC services, I was going to go with a private lender for deal 5 but we couldn't come to terms- so I pulled out a LOC on my primary, I learned that I'll never do SOD again- leave it to the Pro's-- way too much work, I've changed electricians twice-- lowered cost by almost 1k for the same amount of work, will stick with the guy I have now for the foreseeable future. Talked to the post office mail carrier--- he has a lead on a house that his neighbor wants to sell, hoping it turns out. Talk to everyone and anyone, you never know where your next deal could come from. For all those that work a full time job to pay the bills (I feel you, RE is my part time job for nights and weekends but has quickly morphed to a full time job and i'm sleeping like 4-6 hrs a night), keep fighting!

Hi All, 

I'm an agent for Taylor properties and i've searched both their disclosure datebase and the Howard County MD Realtor association forms and have not found anything that seems to work in my mind.  

Could anyone share a blank disclosure that they use to inform sellers that they are an Agent that is not working as an Agent in the matter.  Any directions/ideas

Thanks

David Kosiorek

[email protected]

baller status achieved, good for you:  I'm dedicating the rest of this year to getting my rental numbers up