Using Seized Property Auctions to Start a Business
By Ben Ehinger
Have you ever wondered where all the used car dealers get all their vehicles? Do you want to know how to start a business with very little overhead and be able to get your products for incredibly cheap? There are such things as seized property auctions and they are a great way to start a business.
First, let me explain what exactly a seized property auction is. Basically when the police bust someone for breaking the law, bust up a drug house, or pick up abandoned vehicles from the side of the highway, they seize all this property and, about once a month or so, they auction it all off to the highest bidders.
You can use these auctions to stock your car lot, your parts shop, or just to buy and sell cars, trucks, jewelry, and many other items. This is how many used car lots get their vehicles. This is also how many eBay sellers and antique stores get their stock.
You can do it too, and you can start doubling or even tripling the money you spend at auctions. Think about it this way: If you spent $2,000 on five cars and then turned around and sold them for $1,000 each you would now have $3,000 profit. That is a decent monthly pay, and I can personally tell you that most used car lots turn about 20-30 cars a month.
If you could do this you would be able to make a six-figure salary after your overhead. This is a nice chunk of change, and that is why so many other people are already doing it. You don’t even have to deal with vehicles if you do not want to. You can buy jewelry and other items to sell as well.
Seized property is a great way to make money or to just find a few items for yourself. You will have to be patient at the auctions and keep your emotions out of the bidding. This will keep you from overbidding. All you have to do now is put together a plan and find the seized auctions in your area.
Contact your local police and they should have a list of the auctions or should be able to direct you in the right way.
Local Seized Cars and Real Estate Auction Listings
Ben Ehinger publishes the Internet Whizz Kid site.
