All Forum Posts by: Sean Kremer

You work when you can, and if you can't because of weather, you get caught up as soon as you can roll. You will need to get comfortable working before the light of day is out, and well after the sun goes down. Also embrace working 7 days a week if thats what it takes. It all boils down to standing behind your word no matter what and doing whatever it takes to get the job at hand done. And when we're not landscaping in the summer, we're moving snow in the winter. Every little thing ads up. Put your head down, work your a$$ off all the time, don't waste time on things that don't make money and never stop. If you do this stuff when your young, you'll find your life get a little easier every day as you get older, and you will establish a great work ethic that will serve you and your children well. No more excuses, do whatever it takes.

Plus staying busy usually keeps you from spending money and time on stupid stuff. If you get a chance, closely watch a successfull person, you will learn alot.

Sean K

When I was first starting out and was broke, I mowed lawns and did landscaping for people, the overhead is low, its mostly labor, I went door to door and just asked people and then undercut whoever was doing it for them. You can do it on your own time frame, (as long at it gets done on time), and most of the time you can get paid on the spot if needed. Believe me the money ads up and you can find yourself putting hundreds of dollars cash in your pocket for only a few days work, like real estate you can make as much or as little as you want to. My lawn business started as a way to make some extra money on the side for me when I was 16, then It got bigger as I needed to pay for the bigger equipment that I bought, to this day I still have my little mowing business with most of the clients that I started with, it's totally hands off and makes enough for me that its worth staying with now even though its a miniscule part of my income. Just an idea for you. Don't laugh at the guy that mows your lawn or cleans your pool, there's money there for sure, and Its quick money with little overhead. Just do a better job than the next guy and you'll always be busy. Then you'll have equipment to take care of your own properties.

My two cents...

Sean K

Wow, I can only imagine the night terrors I'd have after dropping that much money on that many homes all at one time. Even if you know what you're doing that takes huge cajones to take all that on, especially if it was his own money. I can only assume that he is going to earn every cent he makes on this package deal, and I hope he makes out great. That is the epitome of risk vs. reward in my book. Wow i'd like to know more about this guy....

Sean K

Ana....

One came up for sale in my town and the numbers looked good so I bought it. I bought the land and all the homes on it. I soon found out the income potential from the park, and since at that time I did all my own maintenance and management, I realized the great return on my time and investment....Since then I bought 4 more parks. I grew up living in a mobile home and my grandpa had a couple of trailers that he owned in a park, so I was kinda always around that kind of stuff. Truth be told I bought them because at that time I was full of youth and steam and making more money than I ever thought I would be capable of and assumed that I could do no wrong, ( I blame a type A personality and youth,).

When I first started out I would buy anything anywhere that would make me money and that my banker was on board with. I never did a whole lot of due dilligence like I do now , because I was young, naive, and just assumed that no matter what happened, I would just put my head down and push throught whatever problem I had. I know this method sounds stupid and impulsive, but I'm not a detail oriented guy, (in fact too many details put in front of my and my attention wanders ,) so I only looked at the bigger picture and assumed the little stuff would work itself out. I still go on my gut instincts just like I did when I started, but basically if I question a deal at all, I just listen to my gut, up to this point, it hasn't let me down. Can't recomend this for everyone, but it got me this far.

If the numbers work and you go into the deal with an open mind and a willingness to work hard no matter what, you'll be fine and successful in time. But it does take time, and if there's a shortcut to all of this, I'm not aware of it. I've been doing this for over 20 years and all I can say is you can't treat it like a job, you should treat it as a way of life, the great part of all of it to me is that I never feel like I "have" to go to work, I "Love" to go to work. Good Luck to you. Of course around San Francisco you may need to put a few more zeros in your calculations than I have to do in NE.

Sean K

I'm starting to use garage floor epoxy with the speckles in basements and tennants seem to love it because it is clean and they can put a throw rug down if they want carpet taking responsibility off of me. This has worked out great so far and tennants seem to love it. Not to mention maintenace free and flood proof.

Sean K

Unless its in pristine condition, $2000 is about all I will pay for any mobile home here. I'll tell you that 90% of the mobile homes we end up buying, the owner usually starts at $20,000 and after time when reality hits them they end up coming our way. These are on homes that need to be moved, which is what I like. I tell them I'll stop over with cash, three guys and in two hours or less the mobile home is headed down the road with us and is out of their life. They have trouble believing us till they see my crew get to work. Right now there is a single wide mobile home on its own lot in a small town next to me, they are asking 10 thousand for the home and the land. I will probably buy this one, put $5000 into it and sell it on contract or lease to own for $30,000.

Sean K

My company owns 4 parks and I feel its best to own all the mobile homes in the parks, It is very managment intensive but If you"re in this to make money it can be a goldmine and gives you complete control of everything. I will say that it can be extremely lucrative to own parks, but don't think that its money for nothing. Almost every gray hair I get I attribute to the parks that I manage.. For example, around here you can get nice used mobile homes for around 10 to 15 thousand dollars, and after set down and ready to rent you can get upwards to 550 per month for these, I think you'll find the ROI on these to be pretty good. Most of the time people know that I buy used mobile homes and when all is said and done we can usually get into them for 5 to 6 thousand and fetch upwards from $400 to $600 per month rent. That being said we do all our own maintenance and are equipped to move in and move out mobile homes as they wear out. I have 2 guys that help me out full time just on the mobile home parks.

The main pain in the rear is dealing with the people that rent mobile homes, they are all one paycheck away from disaster it seems. You need to be ready to work with people on rent and be ready for all kinds of excuses, but in the end, it really is a good investment.

Sean K

I'm not telling you what to do here and the law says you must live there a year to bid owner occupant, but I'm having trouble finding anyone anywhere that has been caught buying illegally and has gotten punished? This seems to be a very vague law, that being said, I would'nt chance it, I enjoy good sleep at night.

Sean K

thats fine, but I'm basically a lurker here, I don't really know how to use all the tools this place has. I hope I don't accidentally ignore you

Sean k

I'm the only game in my town, and I charge $2.00 per wash and $2.00 per Dry and $1.00 for a single box of detergent.

Sean K