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All Forum Posts by: David Kosiorek

David Kosiorek has started 16 posts and replied 88 times.

Hi All, 

So I'm not new to investing but run into a mini hurdle: 

I own now 2 properties (1 of which is ready to be listed, 1 which is roughly 75% done and should be listed within the month). All together I'll have about 225k cash out and should receive 290ish when the dust settles. I'd like to continue to bid on properties as they pop up but how do i get around the POF issue. I mean, I have enough for EMD but certainly wouldn't have enough to close on the properties I bid on (roughly 50-70k). I typically go all cash offers, as is.... what would you guys/gals do?

Thanks


Dave

Post: EDDM postcard mailing

David KosiorekPosted
  • Investor
  • New York, NY
  • Posts 90
  • Votes 43

vistaprint is waaayyy overpriced.  Ive found multiple places at around 8cent shipped to ME then ill pay postage 

Post: EDDM postcard mailing

David KosiorekPosted
  • Investor
  • New York, NY
  • Posts 90
  • Votes 43

Does anyone have a cheap source for this.  I'm going to order 5k to start for a mailing campaign and the cheapest i've found is $365 delivered to my door (Long Island).  Then i'll have to sort and deliver to the post office.   

If you have experience in EDDM and would like to share helpful hints, please by all means let me know.

Thanks

David

Post: Gaithersburg, MD Meeting?

David KosiorekPosted
  • Investor
  • New York, NY
  • Posts 90
  • Votes 43

did this ever get off the ground?  i'm out of Columbia but I don't mind driving down to Rockville / Gaithersburg area if its to talk to other investors

Post: Cheapest option to obtain financing for bidding in cash

David KosiorekPosted
  • Investor
  • New York, NY
  • Posts 90
  • Votes 43

Hi All, 

I currently have 3 properties  (purchased and partially rehabbed with cash-260k) and I'm not sure how to best bridge the gap in cash between now and I assume about 75 days or so (Expect to sell one of my rehabs, the other two like need another 3 weeks before they are finished).  I'm sitting on about 25k cash but for me to continue to bid on more houses im thinking i need another 50-75k.  Which I'm not sure ill even be able to purchase another property before i close so id like to have access to the money but not necessarily need it unless any of my bids are.accepted.  

What are some of my options?

Thanks

sweet! That's all that needs to be said about this deal

Post: Venting

David KosiorekPosted
  • Investor
  • New York, NY
  • Posts 90
  • Votes 43

ahh, movement from the bank - closing just 14 days late :) I'll take it. 

Post: Venting

David KosiorekPosted
  • Investor
  • New York, NY
  • Posts 90
  • Votes 43

I know, just really annoyed me with the initials.... pure craziness.  Now time to call Electric / Gas to delay 2 weeks.

Post: Venting

David KosiorekPosted
  • Investor
  • New York, NY
  • Posts 90
  • Votes 43

Situation: Townhome that was REO in which the bank accepted my offer after FOUR counteroffers.... Then nit picked my initials on the offer document 3 seperate times in which since my name is written (first, last, Jr) they did not like me signing DMK for initials... So then the bank required 10% EMD Cashiers check 2 days after acceptance... with a 12 day closing (calendar days). Well Friday is the 12th day, which I planned to close. Bank isn't ready / title company just got paperwork, 10 day delay. Do I have any recourse? I'm not in the business of giving out interest free loans, certainly to banks.

Yes, I still want the property.  Yes, this will easily be a success story in about 45 days or so.  

Post: Ejectment is finalized and I'm still pissed

David KosiorekPosted
  • Investor
  • New York, NY
  • Posts 90
  • Votes 43

to bring some humor, on day 27 move all items to a 40 yrd dumpster and then cover it with a tarp for the remaining 3 days :)  

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