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Stories about Storage Auctions / What has been your average payback on a locker purchase over time?
« on: October 23, 2011, 02:38:09 PM »
I have been lurking in the background on this site for most of a year. I expect to be laid off by the end of the year and am looking at multiple options for some additional income while I look for another job. I live in the Dallas/Fortworth area so there is no shortage of auctions and yes I have a pickup, trailer and additional storage. I know how to find the auctions that are not posted on the internet. In years past I purchased cars, vacant lots, and general merchandice at auctions so the process is not new to me.
However, I have never seen a thread on what the expected return is. This site has included lockers that sold in the several thousand dollar range to the $1 or free lockers. The site has included both high and low dollar gains and losses.
It appears most people on this thread will purchase between $1.00 or "free" to about $800.00 and stop there. Most of you tend to stop around $400-$500.00 and let the newbies or those who specialize, go upwards from there. Most of you will travel up to about 50 miles to an auction, some avoid caravan or published auctions while other do not.
So, to my question
If you purchased 10 lockers over time and,
you spent $25.00 or less on a locker at the auction, what would you expect to get back in cash when the items were sold?
you spent $100.00 on a locker at the auction, what would you expect to get back in cash when the items were sold?
you spent $250.00 on a locker at the auction, what would you expect to get back in cash when the items were sold?
you spent $500.00 on a locker at the auction, what would you expect to get back in cash when the items were sold?
For the purpose of this question, Please do not consider your gasoline, trash run, or time. Yes, I know there is a wide range, but, if several of you answer with a single answeer or narrow range, a reasonable answer will show up.
If several of you reply, I will put the data together and I believe it will be beneficial to most of you as well as those, like myself who only read the threads.
(for now anyway.) Once I am laid off, it may become a temporary source of income while I draw unemployment and look for another job. Who knows, after that I may continue doing it.
Thanks for reading the thread and I hope it helps everyone.
Ken
However, I have never seen a thread on what the expected return is. This site has included lockers that sold in the several thousand dollar range to the $1 or free lockers. The site has included both high and low dollar gains and losses.
It appears most people on this thread will purchase between $1.00 or "free" to about $800.00 and stop there. Most of you tend to stop around $400-$500.00 and let the newbies or those who specialize, go upwards from there. Most of you will travel up to about 50 miles to an auction, some avoid caravan or published auctions while other do not.
So, to my question
If you purchased 10 lockers over time and,
you spent $25.00 or less on a locker at the auction, what would you expect to get back in cash when the items were sold?
you spent $100.00 on a locker at the auction, what would you expect to get back in cash when the items were sold?
you spent $250.00 on a locker at the auction, what would you expect to get back in cash when the items were sold?
you spent $500.00 on a locker at the auction, what would you expect to get back in cash when the items were sold?
For the purpose of this question, Please do not consider your gasoline, trash run, or time. Yes, I know there is a wide range, but, if several of you answer with a single answeer or narrow range, a reasonable answer will show up.
If several of you reply, I will put the data together and I believe it will be beneficial to most of you as well as those, like myself who only read the threads.
(for now anyway.) Once I am laid off, it may become a temporary source of income while I draw unemployment and look for another job. Who knows, after that I may continue doing it.
Thanks for reading the thread and I hope it helps everyone.
Ken