Thursday, March 11, 2004
Here's my response to this. You didn't miss much.
I did like the stock guy. I just really don't have that kind of money right now. Heck, I really haven't played with stocks in almost a year. I did have a pretty good record of getting in right before they declared bankruptcy. Thank the good Lord for Marvel and Providian.
I did recieve some benefit from attending this conference. It's nice to know you aren't alone. It's a good idea to learn some of the techniques that other people use. I liked that James Smith guy a lot as well. But he had no website that I heard of, but he seemed to be the most entertaining guy.
I think that lawyer was overpriced as well. There is no way he's going to have a form letter dealing with the situations that I have dealt with tax dees. Not that there has been many. I'm still pretty new to it as well. I've only worked on three. On the first one I broke the cardinal rule. I spoke to the people renting the place. Then the owner quit paying his mortgage and then I had a hard time getting the bank to pay me off. They did, but the drug their feet. Past the initial, second, and almost the third deadline. They paid just before I set up a court date to void their redemtion. (Not that it would have made much difference, but I wanted to prove a point.) It got thrown out and then they had to start the redemption process over again. (Here's why it didn't make much of a difference.) When the redemption was voided, they still had time in their year left. (It helped to sway the judge that I had incurred additional expenses while waiting for them to redeem.) So they just came in at the last week, which was two weeks after the previous was voided, and started over. I challenged, lost, and filed for additional expenses the final day that I had. They paid rather promptly the second time. I went through so much on that first one, that I have learned nearly every step there is to it. Also, if I need any documents to be typed up not then I will just copy the old ones and change the address and dates.
I can't imagine that you would need that many documents. Not enough to warrant 3000 dollars. Besides, I would feel much better if I allowed a lawyer to do it. Interview several in your town. They will often give you a free consultation. I found none in Rutherford County that knew how to deal with it, but I found one that was so interested that he did his work for free. I think that the only one in Nashville was the one that I fought. Tax Deed/Lien laws vary from state to state and county to county. I wouldn't think that some guy who sells legal documents could guarantee them from state to state. It's got to be impossible to keep up with all the laws nationwide. This legal thing seems to be the biggest scam since pre-paid legal.
Where was I?... Oh yeah...
I have only done two since then. I am still waiting for the redemtion period to end on those. I got my deeds in January and February. I can't say whether they are more effective than I am at holding on to these things, but their pitch did seem pie in the sky. I think that the best thing is that you get a return on your money. In Tennessee, that's 10 percent. If you get to keep the place, that's great. Bonus. But right now I am looking into the fact that I can get a 10 percent return.
I am looking into a real estate investment seminar. It's considerably cheaper, and I'll be glad to announce what it is once I find out about it. (I had been keeping it a secret, but the cat's out of the bag now.) Anyway, I did miss one real opportunity that day.
There was a notepad going around that day. It had three columns. I saw it during the lawyer's presentation. (Your time may vary.) The realtor beside me handed it to me after she signed it. All that people were writing was their name and two phone numbers. It said "Nashville Network" on the top. The guy beside me said, "What's that?"
I responded with, "I have no idea, and that's why I'm not signing it." But I did in a way. Just after he signed it, I asked for it back and wrote across the top, "You have given me no reason to sign this." I wish now that I had. I don't want people to have my phone number, but if I had written, "Gunny Walker / GunnyWalker.com / early tax deed investor" I might have gotten quite a few hits here.
I was tired, okay. Anyway, live and learn. If I get any more tickets to these sort of things then I'm going to try to go. After all, I may get to meet some more folks. But not in the next two weeks. This Saturday, I'm going to see Shakespeare and the next Saturday, I'll be going to that crappy internet thing I paid twenty bucks for. I hope I'm wrong and it turns out to be better than I expect. At least, I get a meal out of it. (Of course, since I've been boycotting beef, I probably won't eat it.)
If I buy the stock thing, I'll just figure out if they are coming back to town again. It's not like they are firing their pitch men tomorrow. I'm sure they make them lots of money. And then I can buy my stuff at the discount rate. That is if I can't talk them down over the phone.
Thanks for visiting the site guys. Keep plugging away and always save 15 percent. Then you too can be the millionaire next door.
(Gunny has now left the internet. Good night)
I did like the stock guy. I just really don't have that kind of money right now. Heck, I really haven't played with stocks in almost a year. I did have a pretty good record of getting in right before they declared bankruptcy. Thank the good Lord for Marvel and Providian.
I did recieve some benefit from attending this conference. It's nice to know you aren't alone. It's a good idea to learn some of the techniques that other people use. I liked that James Smith guy a lot as well. But he had no website that I heard of, but he seemed to be the most entertaining guy.
I think that lawyer was overpriced as well. There is no way he's going to have a form letter dealing with the situations that I have dealt with tax dees. Not that there has been many. I'm still pretty new to it as well. I've only worked on three. On the first one I broke the cardinal rule. I spoke to the people renting the place. Then the owner quit paying his mortgage and then I had a hard time getting the bank to pay me off. They did, but the drug their feet. Past the initial, second, and almost the third deadline. They paid just before I set up a court date to void their redemtion. (Not that it would have made much difference, but I wanted to prove a point.) It got thrown out and then they had to start the redemption process over again. (Here's why it didn't make much of a difference.) When the redemption was voided, they still had time in their year left. (It helped to sway the judge that I had incurred additional expenses while waiting for them to redeem.) So they just came in at the last week, which was two weeks after the previous was voided, and started over. I challenged, lost, and filed for additional expenses the final day that I had. They paid rather promptly the second time. I went through so much on that first one, that I have learned nearly every step there is to it. Also, if I need any documents to be typed up not then I will just copy the old ones and change the address and dates.
I can't imagine that you would need that many documents. Not enough to warrant 3000 dollars. Besides, I would feel much better if I allowed a lawyer to do it. Interview several in your town. They will often give you a free consultation. I found none in Rutherford County that knew how to deal with it, but I found one that was so interested that he did his work for free. I think that the only one in Nashville was the one that I fought. Tax Deed/Lien laws vary from state to state and county to county. I wouldn't think that some guy who sells legal documents could guarantee them from state to state. It's got to be impossible to keep up with all the laws nationwide. This legal thing seems to be the biggest scam since pre-paid legal.
Where was I?... Oh yeah...
I have only done two since then. I am still waiting for the redemtion period to end on those. I got my deeds in January and February. I can't say whether they are more effective than I am at holding on to these things, but their pitch did seem pie in the sky. I think that the best thing is that you get a return on your money. In Tennessee, that's 10 percent. If you get to keep the place, that's great. Bonus. But right now I am looking into the fact that I can get a 10 percent return.
I am looking into a real estate investment seminar. It's considerably cheaper, and I'll be glad to announce what it is once I find out about it. (I had been keeping it a secret, but the cat's out of the bag now.) Anyway, I did miss one real opportunity that day.
There was a notepad going around that day. It had three columns. I saw it during the lawyer's presentation. (Your time may vary.) The realtor beside me handed it to me after she signed it. All that people were writing was their name and two phone numbers. It said "Nashville Network" on the top. The guy beside me said, "What's that?"
I responded with, "I have no idea, and that's why I'm not signing it." But I did in a way. Just after he signed it, I asked for it back and wrote across the top, "You have given me no reason to sign this." I wish now that I had. I don't want people to have my phone number, but if I had written, "Gunny Walker / GunnyWalker.com / early tax deed investor" I might have gotten quite a few hits here.
I was tired, okay. Anyway, live and learn. If I get any more tickets to these sort of things then I'm going to try to go. After all, I may get to meet some more folks. But not in the next two weeks. This Saturday, I'm going to see Shakespeare and the next Saturday, I'll be going to that crappy internet thing I paid twenty bucks for. I hope I'm wrong and it turns out to be better than I expect. At least, I get a meal out of it. (Of course, since I've been boycotting beef, I probably won't eat it.)
If I buy the stock thing, I'll just figure out if they are coming back to town again. It's not like they are firing their pitch men tomorrow. I'm sure they make them lots of money. And then I can buy my stuff at the discount rate. That is if I can't talk them down over the phone.
Thanks for visiting the site guys. Keep plugging away and always save 15 percent. Then you too can be the millionaire next door.
(Gunny has now left the internet. Good night)
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