Hey, Thanks for your feedback and input! I absolutely agree that having a solid network of buyers is the most important part of the game. Knowing who and where to go with specific items as well as what is best on ebay and Craigslist and doing it quickly and efficiently so you are not holding stock for very long.
On the truck I differ a little as I believe if you want to be efficient, you need to be able to load and move lockers and items you are looking to sell on a moments notice and be able to constantly transport big items so you are not limited in which units you can buy.
You can get a very usable box truck or step van for around $3K or less which in the scheme of business start up costs, is very affordable in my opinion as there are very few businesses you can start for around 10K or less and potentially parlay that into a 60K to 80K annual income or more
As far as a warehouse, you can easily start with 1 or 2 10X30's ...they are only $120 each near me
So for about $300 a month, you can have 2 10X30's and a spot to park your truck.
Now take about 5K to 10K in additional funds for buying your first 10 to 18 units (average) and if you bought right, you are officially in business!
I would recommend a start up budget of 10K
$2700 for a truck
$300 for month one of the place to sort and store
$7000 for buying lockers
Then you turn the 7K into at least 11K (conservatively) and you continue buying and flipping units
I realize not everyone can start in the game with 10K and also that it can be done with WAY less using your
own truck or the trunk of your car and your garage or a spare bedroom for storage but in my experience...if you want to be able to make close to 6 figures annually...you will need the resources I mention above
Now, if you just want a little side income for yourself...that is a different story....buy I myself, don't work my tail off doing hard labor for peanuts so I want to have the tools for scalability and success at my disposal.
To each his own I guess