I love getting a good deal. My story of 'auction week.'

Sold! to #53!

Well, if you follow my blog you'll know that I'm getting my new house today.  One of my problems is that I don't have enough furnishings to fill it.  Seriously, I don't believe in clutter so I don't own a lot of stuff.  I think I'm probably half-way to being a full fledged minimalist.

This lack of furnishings poses a problem though since the new house has more rooms.  I actually need some things to be able to use all of the rooms.  Also, there's the whole problem of the yard and household maintenance items.

I need stuff for gardening, repairs and maintenance, etc.  Some of my tools are still at my ex-wife's garage and I can move them over but I do need things like shovels, weed trimmers, lawn mower, etc.

And you know... I'm very thrifty.  I don't like to spend money.

This week I've been going to some of the regular auctions here in town.

On Tuesday, I went to one auction and got the following bargains:
1. Electric lawn mower.. works great, needed to have the blade sharpened. $27.50.
2. Camera tripod.. like new. This will come in handy for filming YouTube videos.  $5
3. Plush rocking horse.. like new. This will be my Xmas shopping for my 2 year old niece. $12

Sunday I went to another estate auction and got a few other items:
1. Set of three white boards (for the new office or opportunity lab) $10.
2. Digital picture frame. $5.
3. Awesome blue armchair for reading! This will 'make' the new living room. $10.

I do love a deal.. I'll be hitting the garage sales next week with the kids because my son will need a dresser and my daughter needs a bed.

Cheers.

Chris' land deal - How do you figure out your yield when you buy low and sell at a profit on a note?

I show how to calculate the rate of return from buying low and selling high on a note in a land deal that was suggested by Chris.  In this example, Chris pays $2,500 for a piece of land and sells it for $5,000.  The buyer has a $1,000 down payment and will pay the balance over 36 months (3 years) with 8% interest.  What is Chris' rate of return on this investment? Hint: It's similar to a Lonnie Deal.

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The Invest Local Book blog is all about small business, franchises, local investing, home economics, small business systems and borrowing money for your business. It's full of great content and I look forward to seeing your feedback.  Follow me on FaceBook at www.FaceBook.com/DBarnettMoncton.