Wednesday, July 14, 2004
Hey! What a tax auction! There were only ten properties and a lot of people. It's amazing how many people come in with the list that they cut out of the Tennessean. They Never look any thing on the web. Nothing. Anyway. There was one property at West Trinity Lane, Parcel number 07008015700, that literally went for $25K. This property is appraised for $2,500. This is why it's important to do your research and keep your cool at the auction. (It's also why some people tell you that you shouldn't buy tax liens at the auction. Of course TN is a tax deed state so I have no idea what to do here.)
Anyway, Like I said, there were ten properties, too many people, and too much money changing hands for me to get anything. Not that all the properties were overpriced, but the ones that were reasonably priced went for more money that I had to spend.
The next tax auction will take place On August 18th. I think. Don't be surprised if I have to change the date.
In other news, my stock pick last week is doing well. I bought it last week at 20.84 a share and since then it has risen 59 cents. This technical analysis is pretty sweet stuff. Just remember to follow the rules. It's very important. Now I think I am going to move my stop up. Later folks.
Anyway, Like I said, there were ten properties, too many people, and too much money changing hands for me to get anything. Not that all the properties were overpriced, but the ones that were reasonably priced went for more money that I had to spend.
The next tax auction will take place On August 18th. I think. Don't be surprised if I have to change the date.
In other news, my stock pick last week is doing well. I bought it last week at 20.84 a share and since then it has risen 59 cents. This technical analysis is pretty sweet stuff. Just remember to follow the rules. It's very important. Now I think I am going to move my stop up. Later folks.
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