Storage Auctions

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Topics - Moonspell

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General Storage Auction Talk / small town or big cities?
« on: July 22, 2011, 07:47:01 PM »
I am curious as to whether or not if you hit up a small town is better chances of grabbing lockers for cheaper? Still a lot of competition? Small town lockers contain more junk? Just curious.

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General Storage Auction Talk / Lots of legal questions.
« on: July 16, 2011, 09:04:44 AM »
Ok I've thought of getting into storage auctions, but there's lots of little questions I have in my head. Such as for example. What happens if I find firearms, alcohol, etc.....? Do I have to turn that into the authorities? Or is it just a state by state thing, I'm sure that rule of thumb would be at least to get a clean bill of health on your firearms. If you come across alcohol or whatnot is it legal to sell? Or do you need to get a license to unload them to someone? Also should you keep reciepts of your auction sell, and reciepts on items that you sell because it should be reported to IRS as taxable income? Just a few questions going through my head right now. Hope it's not silly.

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