All Forum Posts by: Sean Kremer

  Ha  ha .......   funerals only for me..... So far when I've  found myself around too many people in suits....I'm looking for the door. But I will admit when I occasionaly put one on, it does make me FEEL a little more important, but I usually keep looking at my watch for the time when I can take it off and feel free again. Casual Friday every day for me so far. 

   It was a while ago, but I believe it was recorded after the loan was originated. 

    I went to Florida in 2010 to look for deals.  We looked on the gulf side all the way down to Fort Meyers and found about 12 properties that we thought would be really good deals.  We talked ourselves out of buying any of them but kept on eye on a few and realized that almost all of them more than doubled in price in just a few years. These were all on the barrier islands so that may have made a difference too, but I doubt it.  Hindsight is 20/20.... Anyone that works those area's full time, I bet would agree with me. 

I purchased a townhome on the courthouse steps last year and did all my due diligence. A week after the sale as soon as they saw that someone had bought it, they (HOA) filed the lien right then and then tried to tell me that I had to pay it. ($3500) Our attorneys got that one to disappear quickly with a few letters since they didn't record it in time. I also got burned once with an outstanding child support payment that I didn't catch before I bought the property. That was $4000. That one didn't go away without me writing a check.

     On a side note, I believe in Nebraska that if the utility companies don't file their lien before the sale takes place that it is null and void too. I think I had to deal with this many years ago and I think I won, but I could be mistaken. That was many purchases ago. My memory ain't so good. 

    Brian...... I do this also on foreclosures. I pay $75 for a preliminary title search. I assumed that the title company was on the hook for anything they may have missed, but I've never actually asked them. Jeez. 

     I'll bet you just scared the pants off of a lot of people here that just read that, and were thinking about the foreclosure business.

 NO NO Tarek.......The ONLY way to be successful and "cool" is to live in Cali, all the opportunities are there. Over here in "PODUNK" we are all inbred and have nothing to do for entertainment, our real estate doesn't double in price every 6 months. There are no Millionaires around here, ( except for Warren Buffett..), I see no reason anyone would want to head this way. We are sooooo boring, and there is almost no way to make any money investing in real estate here, because we just don't have the HUGE appreciation.....and heck I personally know of no other way to make any money in real estate if you don't have HUGE appreciation.  I must be one lucky guy to have somehow made a exceptional living with all the things we have going  against us. 

    I didn't realize how miserable I am, I should pack up and move out west where I can make some BIG money and be happy. 

  I kid.....I kid :).

     You know I just bought a real nice older mobile home from a nice lady that was moving to a retirement home. I paid her $4,500  for it just this morning I have a tenant moving in on the first, paying me $575 per month on this baby. Anyone good at math can run the numbers on this and tell me if its a good deal????? How long before its paid for?  I'll hang on to this baby for many many years and it will stay fully rented. Then I'll either sell it for around what I paid for it.....probably more though. At that time, I'm pretty sure I won't care less how much it appreciated.....(I'm very aware that a mobile home is a depreciating asset). 

    Anybody that looks at this deal.....would you be upset that when it came time to sell this mobile home, or house ,that it didn't appreciate very much????? And I have a whole BUNCH these little gems out there. Same program as the "cheap" houses.  

     I've been to Hawaii a couple of times.......talk about nothing to do? Try living on an island.   Just my opinion . 

    Sean 

Personally I don't go farther than 30 minutes from me, and have stuck to that rule pretty well, but now am looking for a good value in San Diego, My wife's from Simi Valley,  or possibly the Forida Keys, but I'm only making the exception because I really don't like to be cold in Jan-Feb. 

Just got my "other" work truck licensed.....just have to plate it and put the lights on..