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<p>[QUOTE=&quot;tradernick, post: 10018, member: 648&quot;]Oh yeah I wanted to touch on hotel buying, too.&nbsp; I used to do that years ago and it was fun.&nbsp; I&#039;d love to try it again but it&#039;s so hard just to get away from the day to day grind.&nbsp; </p><p>And it takes a LOT of resources to do it right.&nbsp; You need several people who have knowledge of jewelry, coins, bullion, flatware, diamonds, watches, antiques, etc.&nbsp; Safes and coin counters are a must, and I always liked having a couple of uniformed guards in the room just for &quot;prescence&quot;.&nbsp; </p><p>But the overhead is so high that it&#039;s hard to do it profitably these days.&nbsp; HUGE advertisements are needed for the weeks before and during the visit there.&nbsp; And there&#039;s the not so small matter of hotel rooms, food for everyone, etc.</p><p>If done properly, hotel buying can be a lot of fun and provide a service for the locals who may not have a place to dispose of coins and other estate items. </p><p>But the biggest problem with doing this is that every state county and town has different and sometimes unique laws/rules regarding buying items like these.&nbsp; Getting all the fees and documentation can be a real pain and there&#039;s always some last minute details that someone forgot about.</p><p>Still, don&#039;t be surprised if one day you hear tradernick is coming to a Ramada near you!&nbsp; haha.</p><p><br /></p><p>Nick[/QUOTE]</p><p><br /></p>

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