Storage Auctions
Welcome => Welcome to the Online Storage Auctions Forum => Topic started by: ncali on January 02, 2013, 02:29:28 PM
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I am new to this site. Have never bought a locker, I found this site first and it woke me up to the reality of this business and to the reality of all of the tv shows that have to do with this business.
I am not saying that I will never attend an auction, but I will continue to learn from people like you all before I do. ;) ;)
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NCali, welcome to the forum, we're glad your here.
Hopefully some of us old cynics haven't ruined your perception of the storage auction business. ;)
Buying storage lockers is a lot of fun and things are slowly getting better.
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Hopefully some of us old cynics haven't ruined your perception of the storage auction business.
Not at all, I have learned to take a step back and observe approach before I run out and start buying anything
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Very wise. One of the members on my other site went to auctions for 4 months before he bought his first unit. He just observed and waited for the right unit to come along at the right price. When he finally bought his first unit, he quadrupled his money.
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I'll throw out the advice I gave a friend of mine this summer.
Told him to hit auctions, when a small 3x5-ish came up for $100-ish or less ......just buy it.
As long as its full, contents don't really matter.
He got one for $45.
Lessons learned:
Build confidence in bidding.
Bidding process and fee's.
Work, dirt, it takes to empty, haul and clean.
Sorting.
What to do with junk and garbage.
Time it takes to clean, fix, photo, list items.
dealing wih ebayrs, CL-ers, shipping, meeting......and cost associated with it all (shipping, tape...finding boxes)
Since its small you won't have dump fee's, Truck rentals or have to rent unit if you don't have space or time. If its a dud your not out much at all.
He ended up making a few hundred and had some fun. But he decided it wasn't for him. Way more work and time commitment than he ever thought.