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All Forum Posts by: Sean Kremer

Sean Kremer has started 3 posts and replied 195 times.

Post: Recommended Phones - iPhone, Andriod, etc.

Sean KremerPosted
  • Real Estate Investor
  • Milford, NE
  • Posts 201
  • Votes 140

I never find myself cussing my Iphone like i did almost daily with android phones. Like Charles said, "it just works." No headaches and I don't find myself counting down the days till my contract runs out so I can get one that works better like I did with my Droid X. Just my opinion.

Sean K

Post: Menards

Sean KremerPosted
  • Real Estate Investor
  • Milford, NE
  • Posts 201
  • Votes 140

I now buy all my wood from home depot, menards stuff is just crappy, I also only my doors from home depot, better quality and a lower price, Menards doors are getting lower and lower quality every day and the prices keep going up. At least a Home Depot has better quality stuff to offset the prices.

Also this time of year you get to stand in line behind the old lady that is buying christmas toys and whatever junk they sell now with a handfull of coupons and a no clue. :) I wish they had a contractor only desk for professionals that are on the clock. Some of Menards stores actually sell groceries now too. It may not be much longer and I will have to put them in the same category as WaL Mart, ( they have everything on the planet, except what you need. )

Sean K

Post: Anyone have experience with GSA Government Auctions?

Sean KremerPosted
  • Real Estate Investor
  • Milford, NE
  • Posts 201
  • Votes 140
Originally posted by Stephanie Dupuis:
Hi Brian - I ended up bidding on a GSA property. My experience was that it tied up my money and the property ended up getting bid up past market value. Plus, GSA did not follow a very strict auction format, they would extend the auction if it would help them get a higher price - not cool. The process just went on and on. When they eventually got a bid, others started bidding (because it was deemed safe?!?), and then GSA kept extended the bidding period (which is in their contract, btw). When the property bidding seemed to have stopped, they closed the bidding. Basically, GSA did what was in their best interest. It did not seem to be a true auction. Steph

I bought one from them. Basically what they did to you, they tried to do to me after I had won the auction. They told me the amount was not high enough and tried to extort me for more. I told them that since they could change the rules on me , I would do the same with them and I demanded my deposit back with interest and that I was not interested in wasting any more time and money with them and was under the assumption that it was an auction, and since I had won, they needed to honor our deal.

After much huffing and puffing and swearing to tell everyone I know not to buy houses from them that way, they gave in. The clue that I was dealing with incompetant people was when I won the bid, and then they started the process of evaluating what the home was worth, (BPO's appraisals, etc.) Would'nt common sense dictate that stuff should be done BEFORE the auction? At the end of the day, they were just trying to get top dollar from the property, I just wished they would have made that clearer before I sent them $10,000 for the right to bid. Probably won't play that game with them again. I did get a fair deal on a nice home though.

Sean K

Post: Anyone have experience with GSA Government Auctions?

Sean KremerPosted
  • Real Estate Investor
  • Milford, NE
  • Posts 201
  • Votes 140
Originally posted by Stephanie Dupuis:
Hi Brian - I ended up bidding on a GSA property. My experience was that it tied up my money and the property ended up getting bid up past market value. Plus, GSA did not follow a very strict auction format, they would extend the auction if it would help them get a higher price - not cool. The process just went on and on. When they eventually got a bid, others started bidding (because it was deemed safe?!?), and then GSA kept extended the bidding period (which is in their contract, btw). When the property bidding seemed to have stopped, they closed the bidding. Basically, GSA did what was in their best interest. It did not seem to be a true auction. Steph

I bought one from them. Basically what they did to you, they tried to do to me after I had won the auction. They told me the amount was not high enough and tried to extort me for more. I told them that since they could change the rules on me , I would do the same with them and I demanded my deposit back with interest and that I was not interested in wasting any more time and money with them and was under the assumption that it was an auction, and since I had won, they needed to honor our deal.

After much huffing and puffing and swearing to tell everyone I know not to buy houses from them that way, they gave in. The clue that I was dealing with incompetant people was when I won the bid, and then they started the process of evaluating what the home was worth, (BPO's appraisals, etc.) Would'nt common sense dictate that stuff should be done BEFORE the auction? At the end of the day, they were just trying to get top dollar from the property, I just wished they would have made that clearer before I sent them $10,000 for the right to bid. Probably won't play that game with them again. I did get a fair deal on a nice home though.

Post: Who earns a living completely from investing and how did you start?

Sean KremerPosted
  • Real Estate Investor
  • Milford, NE
  • Posts 201
  • Votes 140
Originally posted by Larry Flanagan:
Originally posted by Sean Kremer:
I'm a full time guy.......I started by buying a rental house, then i built storage units, then I started flipping all the while building my rental fleet. Then I started to aquire mobile home parks when I went through my "Lonnie Scruggs phase". I don't wholesale because I don't like to leave money on the table when I can do the work myself and reap whatever profits may come.
Basically I'm a "anything that i think will make me money," type of guy when it comes to real estate. Thats why I've devoted my life to it....there are a million ways to make, (and lose....) money in this career. I fully believe that you have to treat it like a way of life and not a job, but thats me. Of course this did'nt happen overnight, but it did over the course of 25 years. Keep your head down and don't give up and work as hard as you can when starting and with luck things start to snowball in time....we just hope they snowball in the right direction.... :) Good Luck

Sean K

Milford, Nebraska...I hung out at a trailer park there for a few days about 15 years ago when I was in college. Maybe it was yours, haha. I was on my way to ski in Colorado over spring break with some friends from Nebraska, some friends of theirs were in community college in Milford if i remember correctly...

If you stayed at a mobile home court in Milford back then, it was probably one of mine..... I own all but one in this town, (and that is because my wife forbade me to buy it,) Hope you had a good stay..:)

Sean K

Post: Who earns a living completely from investing and how did you start?

Sean KremerPosted
  • Real Estate Investor
  • Milford, NE
  • Posts 201
  • Votes 140

I'm a full time guy.......I started by buying a rental house, then i built storage units, then I started flipping all the while building my rental fleet. Then I started to aquire mobile home parks when I went through my "Lonnie Scruggs phase". I don't wholesale because I don't like to leave money on the table when I can do the work myself and reap whatever profits may come.

Basically I'm a "anything that i think will make me money," type of guy when it comes to real estate. Thats why I've devoted my life to it....there are a million ways to make, (and lose....) money in this career. I fully believe that you have to treat it like a way of life and not a job, but thats me. Of course this did'nt happen overnight, but it did over the course of 25 years. Keep your head down and don't give up and work as hard as you can when starting and with luck things start to snowball in time....we just hope they snowball in the right direction.... :) Good Luck

Sean K

Post: Wholesaler in Nebraska Looking for a few Pointers

Sean KremerPosted
  • Real Estate Investor
  • Milford, NE
  • Posts 201
  • Votes 140

I'm not sure if I'm allowed to say this here or not, but if the deal is right I'm a cash buyer around the Lincoln area. Just saying

Sean K

Post: New to BP from Lincoln, NE

Sean KremerPosted
  • Real Estate Investor
  • Milford, NE
  • Posts 201
  • Votes 140

Welcome to Bigger Pockets......good luck to you..

Sean K

Post: Seller financing is about to get ugly on Jan 10 2014

Sean KremerPosted
  • Real Estate Investor
  • Milford, NE
  • Posts 201
  • Votes 140
Originally posted by Bryan L.:
The Federal Government has NO Constitutional authority to tell me how I can and can not dispose of my own property - especially if there is no interstate commerce involved. I will ignore their unconstitutional s**t. Not even going to read the article.

Bryan.......I could'nt agree more, I like many others that I know are getting tired of this government treating us as though we're babies that just need direction. All that I ask of my government is to get out of my way. In my opinion, one qualifier of being in the executive branch should be that you should have at least once in your life run a business and cut a payroll check or two. If nothing else to see the real world issues that come with making up new regulations that you "think" will help people because your bored on a Tuesday afternoon and need to show someone, somewhere that you are indeed a relevant part of the government. Man this stuff is getting old. That being said, I'm not anti regulation, lets just cut back on the stupidity. :)

Sean K

Post: What is your MOTIVATING FACTOR to continue in REI?

Sean KremerPosted
  • Real Estate Investor
  • Milford, NE
  • Posts 201
  • Votes 140
Originally posted by Ali Boone:
I stick with hands-off real estate investments so there is no frustration to try to get me down :) Add that to working whenever I want from home in my PJs, and there's my motivation.

Of course Nebraska, and California are pretty much night and day difference as far as investing goes I imagine. :)