All Forum Posts by: Sean Kremer

Boy sometimes i cuss this state, ( wintertime...), but I tell you, there has been times my "helpers" have forgot to lock a door and turn off lights in rentals, etc., and knock on wood I've never had anybody mess with anything. Maybe I'm lucky.......Quick story......we where working on a townhome in lincoln, one of the guys left a gargage door open , thinking someone else was coming back later to lock up, on a Friday night. When I arrived at the job on Monday, I see an open garage door and about 5 thousand dollars worth of tools just sitting there with the light on, ( i bet that looked wierd all night long in the culdesac for 3 solid nights.) Nothing was touched, I couldn't believe none of the neighbors called me or at least shut the door. Now that scenario was really pushing it. I was pi$$ed and ready to fire someone when I found out my son was the responsible, (or should I say irresponsible,) party... Maybe this state isnt so bad after all. We may not be cutting edge here, flyover country and all, but at least at this time we don't need to lock everything up like fort knox. Believe me I'm not so naive to think that we don't have problems like that , but I've never seen anything like that in 25 years of doing this.......

Sean K

I always felt thats its best to be the smartest person in the room, just make sure that no one else knows it.. Most people like to think they are, oblige them. Fly under the radar so to speak, just my opinion. Most people are intimidated by others that they feel are smarter than them, this is not conducive to negotiations, at least in my experience.

Sean K.

Man, I'm not really sure how to answer that...... are you a psychiatrist per chance? That is a great question, and I really don't have an easy answer. All I can say is that I'm sceptical by nature, and the nature of this business and the time I've devoted to my craft has maybe made me a bit jaded.

Sean

Keep you earnest money low, don't make promises you can't keep, and you should be fine....if you find yourself in court, almost any attorney worth his salt can manipulate a contract. Especially with homeowner versus investors. Good luck.

Sean

I just assume everyone I don't know personally is trying to screw me, I act accordingly and have never been bit......yet :) Due diligence is usually time well spent.

Sean

Very well said Brandon......

Sean K

Hello from a fellow Nebraskan, born and raised, lots of real estate oportunities in this state......good luck to you

I was broke when I started buying 20 years ago......I agree with Bill, If the deal cash flows and the money is there, I would buy the earth :) If I had saved my way to prosperity, I would be working like a dog right now instead of watching my kids play in the pool as I type this. Without the smart use of debt, ( at least up to this point), there is no possible way I would be where I am today, no way.

Sean

I've been basically doing it this way for 10 plus years....Knock on wood I've never had a problem in any way at all. Saves a ton of time and I prequalify them on the phone, ask for ss# and phone number, if its the same as the caller id I assume they're good to go.
Then I always go check the place the same day. But then again I would never do this in a big city, but for NE it seems to work fine....after reading this thread though I may streamline a few things.....

Sean K

My company owns 5 mobile home parks in a college town. They aren't sexy, you will probably be called a crook and a slumlord behind your back, but if managed right, (and believe me and my gray hair, owning and running one will not equal money for nothing), they chug cash flow money like nothing I've seen yet if you actively work them. The worst part in my opinion is dealing with unreliable, paycheck to paycheck people, some people call them trailer trash, but I do rent to some really nice folks. We also own all the homes in our parks so we have control over what happens in the parks. Good luck and be on gaurd, but if I would show you the cash flow numbers that we have, you would call me a liar or a bragger, yes they are that good. Where else can you buy a nice trailer for 10,000 and get 600 per month out of it easily. Properly managed mobile home parks are goldmines, they just aren't sexy, but who cares if your making money. Good Luck

Sean K