Wolfe invests in Nashville real estate
How many of you are fans of the tv show American Pickers? You know the guys: the two of them travel around in their dusty van and somehow manage to find the most overloaded barns and storage sheds, filled to the brim with, well, stuff. Sometimes that stuff is really cool — like a vintage gasoline pump, just like you might have seen in front of my grandmother’s old country store some 60 years ago. Other stuff’s value is more questionable — like a faded but functional Rock ‘Em, Sock ‘Em toy where the blue guy lands a knockout punch to the red guy; it’s a toy you might have played with in the early 1960s long before your first game of Pong. And you can expect on almost every show that the pickers find rusty old vehicles or Indian motorcycles or an original Pennzoil sign from the 1930s.
Once they find the pieces they want, the negotiating begins. The crusty owner of these treasures has been collecting these items for years, and he’s not going to let it go cheaply. But Mike has a timeworn strategy: he picks an item, offers a price, and breaks the ice. What the owner originally priced at $200, then $140, Mike ends up getting it for $100 if he throws in the $25 side item as a kicker. Frank, Mike’s partner, always “picks” a few items, too, and their teamwork ends up filling up that dusty van, shock absorbers straining, as they tool off on their next treasure hunt. The part we don’t get to see is when Mike and his buddy take their buys to their storefront — and sell them to antique experts for $300.
The show is great to watch, not only to virtually see inside those crowded old barns yourself, but also to watch the deals being struck. And Mike Wolfe knows a deal when he sees one. That insight extends to real estate as well. Mike Wolfe is buying up real estate in Nashville; he is, you might say, picking Nashville. The article is too long to include here, but check out the 10/24/14 story from the Nashville Business Journal on Mike’s latest purchase in the greater Nashville real estate market. Here’s a link:
http://www.bizjournals.com/nashville/blog/real-estate/2014/10/star-of-american-pickers-keeps-investing-in.html.
If you’re in Nashville and you haven’t yet visited Antique Archaeology, you should. And if you’ve got your eye on some tremendous Nashville (or Hendersonville, or Franklin, or Leipers Fork, etc) real estate, please contact us. There are treasures out there, and finding them can be great fun. Let us help!