Storage Auctions

How much cash did you have to work with?

Offline Travis

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How much cash did you have to work with?
« on: May 19, 2014, 10:35:06 AM »
When you first started buying storage units, how much cash did you have to work with?

Any rags to riches stories?

Offline alloro

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Re: How much cash did you have to work with?
« Reply #1 on: May 19, 2014, 10:38:17 AM »
When I first started I never carried that much cash. It was my way of keeping myself from getting caught up in the moment and excitement of the auction and overpaying. Now I carry a bit more but I still keep it to a minimum for the same reason.

Offline Travis

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Re: How much cash did you have to work with?
« Reply #2 on: May 19, 2014, 10:44:28 AM »
I started with about $400 of discretionary funds. In the beginning, Storage auctions were a fun way to make some extra money. Wasn't even two months before it became a full time job.

Offline dbr831

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Re: How much cash did you have to work with?
« Reply #3 on: May 20, 2014, 08:49:02 AM »
I think when we started we had about $1200 in cash that we had squirreled away.

Re: How much cash did you have to work with?
« Reply #4 on: May 20, 2014, 11:30:40 PM »
I heard that if you want to become a millionaire in this business, start out with 10 million and stop when you get down to one million left........ :72:

Re: How much cash did you have to work with?
« Reply #5 on: May 30, 2014, 04:37:25 PM »
I started with $1000 part time, worked it into a full time gig

Re: How much cash did you have to work with?
« Reply #6 on: May 31, 2014, 10:20:29 AM »
my first auction and purchase  was on a whim at a storage facility i was storing things at
my bankroll was whatever i happened to have in my pocket , im fairly sure it was under 100 and may have been under 50
first room was $30-40 or so and it turned out to be owned by someone i went to high school with
had a great time going through it although i dont think it was too big a money maker


Re: How much cash did you have to work with?
« Reply #7 on: May 31, 2014, 05:42:10 PM »
The first time I went to an auction I had $1000 on me. I learned that day that if I wanted a good unit that was not enough. The day I finally bought my first unit I had $2500 with me. My unit cost me $1100 plus a $100 cleaning deposit.


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