The popular NBC docudrama Unsolved Mysteries ran from 1988 to 1997. It was narrated by a man named Robert Stack, who I will always remember as airline captain Rex Kramer in the comedy film Airplane.
Robert Stack was cool. His voice was monotone but dramatic – sort of like that guy with the slicked back hair from the GEICO insurance commercials. Sometimes a little melodramatic if you ask me but that’s what TV networks and audiences love. Robert Stack made Unsolved Mysteries famous. But I couldn’t stand the show. Why?
I believe every story should have a beginning, middle and an end. The problem with Unsolved Mysteries was it only had a beginning and middle. No ending. I hated not knowing the outcome.
That’s why it was so tough for me to write Another Day at the Auction, 3 Houses, 3 Tales for BiggerPockets back in February. As badly as I wanted to share these stories with you I struggled to write the post because I didn’t know how things would turn out.
In case you didn’t read the original post my firm bought 3 properties at auction on January 5th. All of them were occupied and each posed a different set of challenges for us, which I called the good, the bad and the ugly. Well, all three have been sold now. So to quote Paul Harvey, here is the rest of the story:
The Good, 753 W. San Angelo
The Bad, 4227 S. Cozy
The Ugly, 3687 S. Newport
As you can see from these tales you can get lucky, get taken advantage of, or get creamed buying a house at the auction. Fortunately for us we had enough spread in the deals to make up for a few mistakes.
THE END.
Article Author: Marty Boardman
Marty has written 22 articles for us. Visit Marty’s Website: http://freerealestateeducation.com
Marty is the Chief Financial Officer for Rising Sun Capital Group, LLC, a real estate investment firm based in Gilbert, AZ. His firm purchases homes at the courthouse steps and public REO auctions. They have two exit strategies, either fix and flip or seller financing.
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