Buying 300 golf carts at a bankruptcy auction & selling them for 5x?
Don't let the ridiculously high stilettos fool you.
@LisaSongSutton is a former attorney & shark.
A thread from our call on buying at bankruptcy auctions:
Don't let the ridiculously high stilettos fool you.
@LisaSongSutton is a former attorney & shark.
A thread from our call on buying at bankruptcy auctions:
Tiny lady + big profits.
5'2 inches of lil Lisa likes to call up trustee attorneys and tell them:
- she's a cash buyer and when they have items come up to put her on the list.
- that's how she got access to 300 golf carts at a golf course firesale
- she promptly bought them..
5'2 inches of lil Lisa likes to call up trustee attorneys and tell them:
- she's a cash buyer and when they have items come up to put her on the list.
- that's how she got access to 300 golf carts at a golf course firesale
- she promptly bought them..
When I asked, "But, how'd you know what to buy them for, how to sell them and whether you'd make money?"
She replied, "Google, b*tch."
Ok. Point taken.
She replied, "Google, b*tch."
Ok. Point taken.
My thesis: bankruptcies are accelerating & that will continue...
Here's a way to invest (not to take advantage of people but bc it is an eventuality).
Here's a way to invest (not to take advantage of people but bc it is an eventuality).
1) Call up your chapter 11 bankruptcy trustees in your city
2) Tell them you're a cash buyer and want to be on their list
3) Understand how trustees get paid: they make a commission on assets sold nolo.com/legal-encyclop…
4) Show up to the auction, search local
2) Tell them you're a cash buyer and want to be on their list
3) Understand how trustees get paid: they make a commission on assets sold nolo.com/legal-encyclop…
4) Show up to the auction, search local
And don't go after the big items, the debtors will take those.. But very often the little stuff is taken off the priority list and their crumbs are your profits!
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