What did the believers in Acts 2 do with their possessions?
The believers in Acts chapter 2 sold everything they had. They sold their land and their houses, cashed in their CDs, and placed the proceeds into a common kitty. This communal arrangement was glorious at first, but the context notes that such a common fund will eventually run out.
Les teaches that in Acts chapter 2 all the believers sold their possessions: they sold their land, sold their houses, and cashed in their CDs, then put the money into a common kitty. It was glorious, and nobody wanted it. But he contrasts that with the reality that when you start living out of a common kitty, unless you have 50% interest, it is going to run out—and it did. This illustration appears alongside the later relief effort from Gentile believers in Antioch, who gave according to their ability to send relief to the brethren in Judea by Barnabas and Saul.