That hot tip came from none other than Jessie Griffin! And Jessie and I are now in business together. So, he agreed to research the properties in Florida and I would do the coordinating with the counties and would fund the deals. And then, the very next auction, we won three properties and they were all vacant land. I couldn’t believe it! I was so excited! And within 90 days, we had sold all three of them for a ten to twelve thousand profit each.
But I really hated the auctions, and Jessie agreed, because it was a lot of work to go to the property and inspect the site and take pictures, with just the chance that you might win the auction. Remember, I didn’t even live in the state. We could go online and search the title and send a deposit to the county in time so we could qualify to bid, but traveling to different counties would be a challenge, even for Jessie who lived there in Florida. I mean it’s a big state! Well, there were 3 or 4 auctions every week and we would look at an entire auction of properties and not win a single one. Figuring out which ones to participate in and then following all the different rules set by each county was quite a challenge.