Storage Auctions

Online Storage Auctions => Online Storage Auctions => Topic started by: StorageAuctionFinds on August 28, 2014, 12:53:08 PM

Title: My first
Post by: StorageAuctionFinds on August 28, 2014, 12:53:08 PM
Bid on and won my first online storage auction today! I think I got a pretty good deal, we will see how it goes though :72:
Title: Re: My first
Post by: Travis on August 28, 2014, 01:14:27 PM
Bid on and won my first online storage auction today! I think I got a pretty good deal, we will see how it goes though :72:

Congratulations! How much did you pay for it and what was in it?
Title: Re: My first
Post by: StorageAuctionFinds on August 28, 2014, 01:28:16 PM
I won't be able to go unload it until tomorrow, but I will try to pull some images from the auction to post here. Paid $180 for it 10x26
Title: Re: My first
Post by: StorageAuctionFinds on August 28, 2014, 01:35:21 PM
Here are 2 pics
Title: Re: My first
Post by: StorageAuctionFinds on August 28, 2014, 01:36:49 PM
2 more
Title: Re: My first
Post by: luke on August 28, 2014, 02:06:23 PM
I'm surprise it went so cheap...

Down here that would of been in the thousand dollar range...
Title: Re: My first
Post by: StorageAuctionFinds on August 28, 2014, 02:31:54 PM
I was actually surprised it went so cheap as well, but I'm not complaining :93:
Title: Re: My first
Post by: Travis on August 28, 2014, 04:12:45 PM
Yeah, you can see your return & profit before you open a single box.
Title: Re: My first
Post by: Fayettenam Man on August 28, 2014, 07:55:50 PM
That's a smoking deal! Congrats!
Title: Re: My first
Post by: bakerben on August 28, 2014, 08:52:03 PM
great deal man. I just bought 6 for $370 on tuesday. ill be busy for a bit.
Title: Re: My first
Post by: StorageAuctionFinds on September 02, 2014, 01:46:10 PM
Thanks all!

The unit is not a goldmine for sure, but it has a lot of stuff in it. The furniture was all pretty crappy, a couple of ok pieces, lots of clothes and bedding, several boxes of random hardware and tools. 1000+ VHS tapes, but most are store bought prerecorded movies and from the eBay research I have done these have some possible potential. The Gem of the unit so far though is a pair of 70s JBL L100 speakers that are going for $400 to $1000 a pair on ebay. Condition wise mine are a little on the rough end so I am looking at possibly $300-$400 just for those so all in all I am fairly satisified with this unit.
Title: Re: My first
Post by: bakerben on September 03, 2014, 09:18:06 AM
im guessing it didnt get a ton of bids for 2 reasons. #1 its big and a lot of people arent willing to do the work. #2 from the pics it looks like it could be a setup unit or a storage overflow unit. I always buy setup units and overflow units, mainly because they do go super cheap and they generally have good items, just not usually a whole lot of nice suprises(full jewelry boxes etc)
Title: Re: My first
Post by: StorageAuctionFinds on September 03, 2014, 10:10:53 AM
From what I could tell it might of been the 2nd of two units the people had rented, the way it was packed definitely not a setup, too much work and too neatly stacked. Also definitely, 1 persons items, lots of boxes still to go through, already found a couple of boxes with some interesting things. I think there other unit is still there or may have been sold already. The real work is just beginning now, it only took me and a buddy about 3 1/2 hours to get it all loaded. Like I said not a gold mine, but still profitable. ;)
Title: Re: My first
Post by: Travis on September 03, 2014, 10:30:07 AM
Like I said not a gold mine, but still profitable. ;)

That's all that matters, right? Buy a handful of lockers, and if all or most of them are profitable, you're doing pretty good in my book.
Title: Re: My first
Post by: StorageAuctionFinds on September 18, 2014, 03:09:27 PM
I thought I would update, I have sold 5 items out of the unit so far for a total of $270 so I have made all my inital investment back including buyers premium and fuel costs. I am having a yardsale on Saturday to get rid of the rest, This unit wasn't the greates, but if I can pull in at least another $500 at the yardsale I will be happy, but there is potential for more than that. We will see how it goes, I will update after the sale. Cheers :93:
Title: Re: My first
Post by: bakerben on September 18, 2014, 07:46:43 PM
its a good one. id suggest selling anything worth $30 or more on ebay and anything $30 or moe thats big on craigslist. after that is garage sale fodder for me. of course it doesnt hurt to have higher ticket items   at the yard sale either
Title: Re: My first
Post by: truedaystar on September 19, 2014, 08:04:25 AM
Looked really good from the pictures... that normally gets me..  I did a nice looking 10x20 unit, JVC stereo boxes, DVD player boxes, and 6 nice big storage tubs with lid.. All empty...   Really broke even if you count the tubs, and a couple pieces of furniture..   Things are Not always what the seem though..   

Good luck with your yard sale..   I love church and community yardsales the best....  Going to try the flea market sometime..  It's turning cold so maybe not this year.. 
Title: Re: My first
Post by: StorageAuctionFinds on September 19, 2014, 09:53:14 AM
its a good one. id suggest selling anything worth $30 or more on ebay and anything $30 or moe thats big on craigslist. after that is garage sale fodder for me. of course it doesnt hurt to have higher ticket items   at the yard sale either

Yeah unfortunately I live in a remote area where craigslist isn't an option for most items. I have only sold 2 items on craigslist and both of those people drove 3 hours to pick it up. I have had pretty good luck with yard sales in the past and the local facebook groups, but I think the effectiveness of the facebook groups(at least where I live) is dwindling. Thankfully I am moving to a new area soon that is covered by Craigslist, however I am probably taking a break from buying/selling for a while to explore the new area and enjoy life. It is nice when this auction business is a hobby and not a main source of income. :72:
Title: Re: My first
Post by: StorageAuctionFinds on September 25, 2014, 12:19:14 PM
Well the unit ended up being a complete bust, I will probably only end up making about $300 after all expenses, not really worth it for the time and effort put in. More than half of it went to the dump. Oh well online auctions aren't for me for a while.
Title: Re: My first
Post by: bakerben on September 25, 2014, 10:28:06 PM
because i do this full time I always target the units that have high dollar items in them. If i can't find any of those(they are hard to find sometimes) and my warehouses are low i gor for a pooper scooper unit to keep me busy(or i go on vacation).