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Messages - DamnthisisFun

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eBay / Re: Drop shipments
« on: November 18, 2011, 11:09:57 PM »
Thanks guys for the info.

eBay / Drop shipments
« on: November 17, 2011, 11:41:15 PM »
Anyone use any of those drop ship companies for inventory?

General Storage Auction Talk / Re: I have the keys and the title...
« on: November 04, 2011, 09:20:16 PM »
is the car abandoned?

Just got back from a 2 unit auction.  A TON of people for a friday auction in central oregon.  Unit #1 10x 10 1/4 full ( previous owner went to jail ) one couch will a ton of stains,  particle board desk, and about 20 boxes.  About half of the boxes in the unit had markers that said dishes.  The unit sold for $155. 

You could tell everyone was itching to spend some money today.  Unit #2 was a 5x10.  The doors opened up and it was packed.  I always try and let the crowd run up to the door while i wait till the end to look. So i am walking to the door and then i think to myself no F&*^ way.....Sh*& . What i noticed as i got closer was the padded wood, then another foot closer I for sure knew it was a Waterbed.  The 5x10 had a complete waterbed, 3 boxes that said " Ryan ", two dining table chairs, and a cheap coffee table.  It was at $175 when i decided to leave. 

Overall a real bummer.

Stories about Storage Auctions / Re: my first crap unit!
« on: October 19, 2011, 10:21:11 PM »
haha, no dank.

The Treasure Chest / Re: Got a 10x30
« on: October 19, 2011, 08:53:51 PM »
I know SS# snooping and credit card snooping are no no's but what about gas station reward points?  These people left a Speedway rewards tag in the unit.  Do I go and try to redeem the points or not?  To be clear the card holds no actual credit card or personal info, just points that can be redeemed for gift cards, gas cards and the like.

I say do it!

The Treasure Chest / Re: Got a 10x30
« on: October 19, 2011, 03:45:47 PM »

Next point. I swear some people will buy anything.

dude, i think of this every time one my Ebay auction closes. the last unit i bought the previous owner was native american.  I found 5 pairs of moccasins, One pair was so dirty it was disgusting. I listed in on ebay for $10 and wrote under the item description " This item has been well used and REALLY dirty."  some lady bought it within the first day of listing.  I thought for sure that i was going to get negative feedback, but she wrote " thankyou , I love them , they are perfect for my collection, annie".

HAHA to agree with you.  PEOPLE WILL BUY ANYTHING!!!!

Stories about Storage Auctions / Re: Went to my first storage auction!
« on: October 17, 2011, 11:34:15 PM »
I would have bid on that stinky locker all day long for a $1.  I love bikes and rusty bikes are cool( people love them for decor in the garden).  I could have taken that fridge to the scrap yard for a good $30 in my pocket.

3,000 for some desks?  You won that battle.  Those kids are gonna be calling Sallie Mae for an extension, since they just blew the FASA on a get rich quick scheme.

Stories about Storage Auctions / Re: my first crap unit!
« on: October 16, 2011, 08:58:00 PM »
No dump runs yet.  I kind of luck out.  This lady had 4 cell phones still in the box and i sold those on ebay at an AVG $35 per phone.  She was native american and had a ton of Native american jewelry and infant handmade moccasins, sold all that stuff on ebay too.  Looks like i'm getting my money back on this unit.   

There was a lot of **** too.

I found one bong and five pipes.  This chick liked to get her smoke on.

General Storage Auction Talk / Re: the price of online auctions
« on: October 14, 2011, 11:41:13 AM »
BUY IT!!!!

Stories about Storage Auctions / Re: Auction on 10/12
« on: October 13, 2011, 03:47:44 PM »
I can admit when i pulled a dumb*** move.  Last week i bought a locker since the previous tenant had passed away.  I was hoping there would be some nice stuff, but so far i'm calking it up as a $200 loss.  My new policy is bid  no more that double the value you can see.  so if a unit has 100 bucks of stuff i know i can move  easy dont spend over 200 on the whole unit.


Thanks so much.  I called my local scrap yard here in central oregon and they offer 1.22 per pound for insulated copper and will give me .65 a pound for the ends.  that will add up to a nice pile of change.

General Storage Auction Talk / Re: Business Info Needed
« on: October 12, 2011, 05:24:45 PM »
I have a business license. Just my opinion, but I believe you can only grow your income/business so far doing it "under the radar".

What exactly do you mean? You think its best to stay "under the radar" to make money? I'm fairly new at this so I'm not even sure its something I want to turn into a business.

What made you choose to get the business license?

General Storage Auction Talk / Business Info Needed
« on: October 11, 2011, 11:40:05 PM »
A friend of mine that owns a tax service asked me if I have a business license and if Iím keeping track of everything I buy and sell.

I am keeping track but I havenít really had intentions of turning this into a legit business.
Has anyone heard that itís necessary? I have a job and Iím a student so in my mind this was just a fun way to make some extra money.

She said that if you make more than $600 in a year the IRS requires a business license. I guess the storage place reports the auction winners and eBay reports their sales so there is a paper trail of the purchase and sale of each item.

I asked her about deductions and she said all these things are deductible plus more.
1) Cellular telephone bills and a portion of a land-line if applicable
2) Vehicle Gas, repairs and interest on car loan OR mileage.  This one requires greater explanation but mileage is usually better.
3) A portion of your rent and household utilities.
4) Bank Charges.
5) Internet Service.
6) Newspapers & any other advertisement purchase source to locate storage units or auctions.
7) Clothing attributed to this business,  gloves, jeans, t-shirts, etc.
8) Shipping, Freight & postage fees
9) Packing & shipping materials
10) Office supplies

Do you guys have business licenses? Do you think is it something I need to consider?

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