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December 16th, 2012 | #21 | |
Senior Member
Join Date: Nov 2006
Posts: 3,633
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Quote:
I've attended several auctions of delinquent tax real estate, but only came close to bidding a few times. I typically research local delinquent tax properties at the time they are first advertised. If any are interesting (to me) I give them additional research. It's easier these days with web accessible tax maps and tax information and also Google Earth. In most cases there is a fairly discernible reason why the tax payments have become delinquent. One of the more promising ones is where the property owners have died without wills and the property has become deeply enmeshed in "estate" troubles. Often-times, however, the properties are either land-locked or located in VERY undesirable areas. In any case the opportunity to "steal" real estate at delinquent tax auctions is probably over-rated. There are always plenty of knowledgeable investors and real estate professionals who will have developed and accurate information on the likely market for a given property. You'll be bidding against these folks at the auctions, and they won't hesitate one bit to let you run up the price and buy something for three times what you'll EVER GET OUT OF IT. My guess is that the only ones who ever got rich dealing with these properties were the jews who were selling the "how-to-do-it" books. I would think it's much easier to buy yourself a world of trouble and hurt fooling with real estate than it is with cars.
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No way out but through the jews. Last edited by notmenomore; December 16th, 2012 at 10:39 PM. |
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December 17th, 2012 | #22 |
Junior Member
Join Date: May 2007
Posts: 151
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free place to shop
hey about 3 years ago someone told me about this web site its differnt each week....wwwgovdealscom they have cars and trucks from dui stops.and other surples things you just put in your zip code and it will show what is 4 sale nexted to you.if you bid and get it you must pick it up i have had 2 deal with butch dikes cops that are smart ass;s so it might help you ---/used cars around hear have doubled in price,,,just crazy,,,,
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July 25th, 2013 | #23 |
Switching to glide
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Just a heads-up:
Saw where there is a new "reality show" starting in August about people doing just what is detailed in this thread in Texas. Buying cars at auction and selling them along. Missed the title of the program. There is a lot of cash to be made this way guys. Just do your homework. Due diligence is key. Put in some effort. The rewards will justify.
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"When US gets nuked and NEMO is uninhabitable, I will make my way on foot to the gulf and live off red snapper and grapefruit"- Alex Linder |
July 25th, 2013 | #24 |
Banned
Join Date: Apr 2013
Location: VA
Posts: 487
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Are you doing this business within america?
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July 28th, 2013 | #25 | |
Switching to glide
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Looks like the show is called "Dallas Car Sharks".
Quote:
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"When US gets nuked and NEMO is uninhabitable, I will make my way on foot to the gulf and live off red snapper and grapefruit"- Alex Linder |
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July 28th, 2013 | #26 | |
Banned
Join Date: Dec 2003
Posts: 2,571
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Quote:
Another good business out there that I notice is consignment shop. You have to be good with numbers and set the initial business up correctly, plus you need a good location that isn't too expensive to lease, but then you are good to go, at least around these parts. Consignment shops are crowded with stuff, with more used stuff sitting in backrooms and storage lockers. The few such shops around here boom, and it is hard to get them to take your good stuff because of their backlog. |
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July 28th, 2013 | #27 | |
Senior Member
Join Date: Nov 2012
Posts: 1,638
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Quote:
From what I understand, those storage auctions shows have ruined what was once a decent living for people who for many years were the few who knew about the practice. Those shows made everyone think they could show up and get rich, drove up the prices by a substantial factor from accounts I have heard. Hope it doesn't happen in this case and you are still able to make money doing this, but if the show really hits big then you might see more competition and the prices go up to the point where there is less or no profit to be made. |
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December 11th, 2013 | #28 |
Switching to glide
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Three cars that will be going straight up in value over the next 60 months. You heard it heer first:
1. 1983-84 Oldsmobile Hurst/Olds 2. 1979-1981 Chevrolet Camaro Z28 3. 1968-1972 Pontiac GTO These cars are presently undervalued in the collector car market, and are just starting their upswing. If you're looking to literally park some investment cash in something you can (on very nice days) drive, look for the cars above to appreciate by 30% over the next five years. That's better than you're going to legally get most anywhere else. Do your homework. Make sure you're buying a real Z28 or GTO and not a Lemans someone has badged as a Judge. Look for original, #s matching, non-fucked with versions of these cars as much as possible. If they've been modified, return them to stock. Year One will have everything you need to do so. Options are king. T-Tops/convertible models are worth more. Manual transmissions (The Hurst/Olds were offered auto only, and they didn't make very many of those year Z28s with a 4-speed, but still, look for them) will always be worth more than an automatic. Craigslist & the AutoTrader Classic website are a great place to start. Any specific questions I'm happy to help. Just passing it along. Solid, documented examples of these 3 cars will appreciate in value. As pretty much always, you'll see I'm right in the future.
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"When US gets nuked and NEMO is uninhabitable, I will make my way on foot to the gulf and live off red snapper and grapefruit"- Alex Linder |
January 2nd, 2014 | #29 |
Senior Member
Join Date: Jul 2012
Posts: 8,089
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Every old chevy silvarado truck I've bought and sold, I've actually sold for more than I paid for it. 77-85 models in particular. I got $2500 for a 78 model 1/2 ton that was beat all to hell, but in good running condition, when I only paid $1500 for it. Someone offered me $5500 for the 77 model I got in my backyard, and I only paid $2500 for it. Body is in decent shape and it runs good as well. The 350 that is in it was actually bored 30 over by the guy I bought it from, so its got more oomph to it than a basic 350. I really don't want to sell it though. If I get hard up for money, I probably will sell it because he made an open offer on it.
Last edited by Crowe; January 2nd, 2014 at 07:08 AM. |
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