All Forum Posts by: Sean Kremer

Try not to use any of your own personal money.......ever.......... IMO.   Use it for collateral if you like......but don't hand it over to anyone.  Buy properties cheap enough that they can stand on their own, and then collateralize your properties as you acquire them......Never put up any of your own stuff if you can swing it. 

no

If this happened to me here where I live, I wouldn't  sue....and I wouldn't huff and puff. And call me immature, but I absolutely would not renegotiate a signed sales agreement  just because they made a greedy mistake.  All I would do is record my memorandum of contract, tell everyone that looks that there is a signed sales contract out there......then disappear off of the face of the earth for a while and make them come find me. 

    At that time they will either close on the property....or pay me 5 grand to go away. I could live with either scenario. All the while being very elusive and taking days to respond back for anything.......

   You can always give in at the absolute very last moment if you HAVE to own this thing.  But to me at this time this a game of screwing with someone until they cry uncle or you lose interest in the whole thing.  Either way what do you care? You'll have another great deal to look at real shortly with people that won't dick you around. 

    Ron Legrand had a great saying that has always stuck with me........"If you take you time and set things up so that you can't lose......its hard to lose.  

     Real Estate isn't always pretty and nice, big boy pants are needed once in a while.  Not caring gets easier the more successful you become. 

Good to hear that it will go trough.......If you wanted to screw with the seller a little you could have gone to the courthouse and filed a memorandom of contract and that should lock his property up from resale until he deals with you......... Muddy the title with the sales contract thats sitting out there waiting for action.  

     I've encountered city government meetings where their attorney will tell them that an ordinance or whatever they are voting on may skirt the law a little bit and their attorney will tell them to go ahead and vote on it and if a citizen figures it out and calls them on it they may have to amend.  But they hope that no one ever calls them on it and a questionable situation gets through.  

     Thats why I say to find a competent real estate attorney and ask him so that you have a professional on your side working for you.    Don't assume a council will not try to push through their own interests. Especially if no one is there to call them on it.  Just my observations. 

    I've had legislators tell me no to something that I've wanted to do...and after a little investigation, I've found that they own property near mine and they personally don't want it there and use their office to try and intimidate me, and hope I go away.  

           I never blindly follow authority, They may be right......but they may be wrong too...... you don't need to be a jerk, but also don't be a sheep.   Question everything.  

    Good luck . 

Ask a competent local attorney.....no one else for now.  Don't assume the city won't try to call your bluff and hope you just take their word for it instead of educating yourself.  They do it all the time......and I would absolutely throw the other non permitted investors under the bus if they were doing something that I was not allowed to do just because I followed the law.  

      I'm not saying the city isn't right on this matter, I'm just saying don't tuck your tail and run right away, educate yourself on the matter.  

   Again.....I've been through this and as far as I'm concerned no amount of money (short of the full price of your home), would be worth losing all control of  a piece of your property.  9 times out of 10, this will not end well.....especially if the home changes hands and you have to deal with a brand new a*&%(#&e for a neighbor.    

   Fences make for good neighbors.......No matter the money that is paid.....you will be sorry if you give this guy rights to your land.  

DO NOT GIVE THIS DUDE AN EASEMENT........ You will be very sorry you did and once granted can NOT be ended unless HE wants to.  

    If you need to feel good about yourself with this guy then rent him use of your driveway monthly or yearly for whatever price you come up with.  If he balks at all, put up a fence and divorce yourself from the situation. 

        Get a good lawyer for this either way and just know that if you do this......it will be all good for him and all bad for you... Ask me how I found out about this...:)   Lets just say the hard way.........

  In real life............not neccesarily..........but it can't hurt to try......at least in my travels. 

The inspector probably has a brother in the chimney business.......I make it clear that any work done will NOT be by anyone that the inspector recommends. 

    If it were me I'd get a third secret opinion to make sure there is nothing really wrong with it, then tell the buyers that you have already had an inspection and it was fine.  The report from the 1rst inspector should sway the buyers a little to the drama this guy may be trying to pull. 

    Another thing I like to do with inspectors is act like you know nothing about everything and you are ready to put all recommendations solely in their hands. Act incompetent........  See if they try to pull stuff over on you because they think you don't know much about the process.  

    Of course if your chimney is dangerous......you don't want to whitewash something that important.