Storage Auctions
The Storage Locker => Reality Shows about Storage Auctions => Topic started by: MarcusBaur on April 09, 2015, 02:11:13 AM
-
Are they real at all? I keep getting the feeling they are fake. Do people really bid like that at them? I mean, the people there bid a lot of money on the stuff. I want to give this a try. But, I don’t think I can afford it.
-
They're both real and fake. While the auctions do take place and are real, often the bidding is reenacted after the auction is over. Then there's that big "wow factor" item that is always found at the back. The producers slip that item in to make it seem more interesting, but all of the other items are real.
-
I want to give this a try. But, I don’t think I can afford it.
It doesn't take much to get started in this business. You could easily triple your money on an average unit.
-
It doesn't take much to get started in this business. You could easily triple your money on an average unit.
I’d love to be able to triple my money. That would be like a dream come true. I'm already thinking of what beach I will be on for vacation.
-
I'm already thinking of what beach I will be on for vacation.
Yeah, with that kind of money you could live it up at the Super 8 in Mobile, Alabama.
-
I’d love to be able to triple my money.
You sure about that? So if you buy a unit for $20 and then empty it out, sell some stuff and make a dump run...you're happy if you brought in $60 and cleared $40?
-
in my area the units go for about half the price they would on the shows.
-
Triple your money =
33% - what you paid for the unit
33% - your overhead - moving trucks, labor, storage ..etc.
34% - your profit
What usually happens is that you take that profit plus your initial 33% and buy a more expensive room. It becomes a slippery slope.
Instead of thinking about vacations set your sites on maybe a nice lunch and two fers at chilis.
-
I've not watched an episode of Storage Wars in years until just two days ago I watched some online. Just couldn't believe the BS horsesh*t of how they were finding $1000-$5000 items in the very back to save their a$$es on the units.
Yes, people bid that high at some auctions I go to. No, your not gonna find great items that don't fit the overall "look" of the unit very often. Maybe once or twice a year that happens, not every damn unit!
Typically if there is great stuff hidden in back, some of it is in plain view up front and off to the races we go!!!