I'm ryan from michigan

So I've been watching these shows for a while now and always been interested come to find out my dad has been doing it for a while and doing very good at it so I'm going to take a stab at it and bring about 2 friends and we are all going go throw 33% on it, that being said it's less risky we lose a lot of cash, and even if we hit a good locker I'm not greedy, Where do you go to get times/dates/locations? I've found some sites but nothing that showed local info, any tips would help, I will call the locations manually until I find a better way, this week we got 10 units for sale so wish me luck!

I will be in Saginaw, bay city, midland, flint, and surrounding areas.

Welcome to the forums

Welcome to the forum!

Welcome and Enjoy!!

So I've been watching these shows for a while now and always been interested come to find out my dad has been doing it for a while and doing very good at it so I'm going to take a stab at it and bring about 2 friends and we are all going go throw 33% on it, that being said it's less risky we lose a lot of cash, and even if we hit a good locker I'm not greedy, Where do you go to get times/dates/locations? I've found some sites but nothing that showed local info, any tips would help, I will call the locations manually until I find a better way, this week we got 10 units for sale so wish me luck!

I will be in Saginaw, bay city, midland, flint, and surrounding areas.

Not to discourage you, but newbie "teams" have been washing out quicker then individual newbies in my area. So make sure everybody is OK with doing a lot of hard work with little return. Your initial investment is decreased by 67% but your ROI is reduced by 67% as well. I imagine the hard part is getting everybody to put in their 33% of the work, and very few people are going to forget to ask for their 100% of the profits.

Imagine this scenario: You buy a locker for $150, so everybody pays $50. Great, whose truck gets used to move the stuff? How does that person get all their expenses back? You each spend 10 hours loading, unloading, sorting, researching, pricing, listing, and selling. (Not even gonna suppose who answers the Craigslist ads, who works the flea market, who runs the Ebay account, etc.) Your crew sells everything in the unit for $300. Yea! doubled your money! Not so fast, there was another $50 in costs associated with processing the unit. So $300 - $200 = $100 profit split 3 ways = $33.33 each, divided by 10 hours work = $3.33 per hour. How many units are your friends gonna want to buy at that return.

Unless you have worked with these two friends in similar ventures, I would suggest just starting with one friend if possible and see how it goes.

I bought my first units going 50/50 with a friend. It has worked out great for us so far...

Sam