Thursday, December 9, 2010
STILL HERE WELL LETS GET YOU BUYING
You have gone over my blog and you're still here. You're either ready to work your butt off or you're crazy. Either way let's see if we can get you going. Now go out and buy yourself a good flashlight and about four keyed alike round locks. You can get them at any hardware store. Buy yourself a flashlight with power. Get the lightest one you can buy. Many go out and buy the big spot lights. I can tell ya, you will be tried of carrying the spot since they are heavy. If you have the capital get a Stream Light Ultra Stinger. They are rechargeable and are top quality weighing in at less then a pound. They are costly at about $159.00, but well worth it. I can get them for you for $98.00 if you want one email me. First thing you need to do study is your local legal ads in your local paper. There are websites you can go to also but not knowing where you live I can only guide you to the auctions through your paper. This will result in your meeting the auctioneers and getting their websites and info for future sales. Now when you arrive at your first location, where you are hoping to buy something, there are many things that happen just as you drive up. The major things you need to worry about is focus. What type of area are you in? Are the homes slums or are they million dollar homes? Are the stores around clean or south of the border looking? What type of people are walking down the street? Are there commercial offices and warehouses around? These are all things you look at driving to the location. Oh, just a heads up here, buy yourself a navigation system to get around. online map services are a thing of the past and some times you are running too fast to the next sale, due to lack of time between sales, to be reading a piece of paper for directions. Okay now you pull up to the storage company. What does it look like? Ask yourself would you store there? These questions will all help you evaluate your course of action. Now if you get to a location and you have 15-20 minutes, best thing to do is stay in your car or truck. The least amount of time you give the regular buyers to size you up or get you in a conversation is the best. The worst thing you can do is get out and start asking questions, like your new. This business is like a poker game you can't give away your tells or you hurt your position. Look like you're busy in your car, talk on your phone call you favorite friend or check on where your going to eat that night. Don't just sit there. Now when it is time to get out, walk straight and tall look like you have a purpose to be there. Right at this time you will see the regular buyers sizing you up and talking among themselves. This is where you do not want to get involved. Stand off alone against a wall and look right at the regulars make them wonder if you're sizing them up. Alot of regulars will approach you with tricks. I have had people come up acting like they have seen me somewhere before just to find out who I was. If this happens be short, polite and sweet. Kind of like the military, you know give them only your, name rank and serial number. Don't get into a conversation. What I do, is ask, "Do you know where the bathroom is?" and I head that way. Now, the auctioneer approaches, they usually sound off the terms to all but some will yell out if you have never done this before come see me. At this point you want to position yourself close to, without approaching, the group of newbies. Get just close enough to hear the terms. The terms are pretty much the same cash money, no checks, no credit cards and no going to the bank. You can not enter or touch anything in the unit and you have 24 hours to remove the items (all of the items trash and all). It is that simple. Now they crack the gate and you are on your way to your first unit. Your heart beats faster, your palms are sweating and your eyes are wide as the door rises. There it is the unit of all units the 10 x 20 full of mattresses, garbage bags, and dirty laundry. It brings your palms to a dry chapped feeling your heart skips two beats and your eyes close quick. Well lets run this down. The garbage bags 9 out of 10 times are clothing or a sign that someone moved fast and grabbed what they had to pack with. Meaning they were thrown out on the street and have very little to their name. The mattresses trophy, stained or not, if they are used, can not be resold in many states and in some states cost alot to toss away, you must figure this all into the cost equation. Now you stand back and the bidding starts. You saw nothing of value and the bid goes up to $400.00 You're standing there second guessing your walkaway. Number one, never second guess your first gut reaction, most of the time it will cost you big. Second, you and all the other newbies are being scared off buy seasoned buyers with disposable income. They bid high to make you walk away. You just have to remember never throw away money. Just wait for that one you want.
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