Towards the latter part of 2011 I decided to spend $20K-$100K on a purchase or two
Over several months I spent about 200 - 300 hours reading Flippa listings, talking to sellers, doing basic DD etc. Bear in mind that I can usually smell a fish from a fair distance away so I was DDing only the more decent sites.
I signed several NDAs for confidential listings, I bid on several sites both in the open listings and in confidential listings.
The total time I spent was worth what - $20K at least (200 x $100)?
For all that effort this is what I ended up with: One single $5K purchase ...and he did a dirty on me and didn't keep his post sale promise which lost me about half that money (I only trusted him because he's a fairly well known name in the industry).
So, Michael, and this probably looks like an advert for your services, but this year I'm going to be looking at other places - other listing sites, brokers etc. In short, this year is going to be more about where and less about what.


, but this year I'm going to be looking at other places - other listing sites, brokers etc. In short, this year is going to be more about where and less about what.
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