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Messages - sbell111

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16
General Storage Auction Talk / Re: bidder with no money
« on: March 09, 2011, 04:26:22 PM »
Agreed

17
Stories about Storage Auctions / Re: Post your pics
« on: March 09, 2011, 04:24:33 PM »
1.  You clearly have very little legal knowledge if you are threatening legal action based on anything stated in this thread.  I wait with great anticipation the lawsuit that you threaten.  Please file without delay.

2.  You have a potty mouth.

3.  You once again make assumptions without facts.

4.  It is amusing that you are calling anyone else a big talker.

18
General Storage Auction Talk / Re: bidder with no money
« on: March 09, 2011, 01:48:10 PM »
I am a person who will bid people up and I admit it and have no trouble with the concept. People do it to me too.
While it's true that I GENERALLY still want a locker I bid on (at a certain amount) I sometimes regret having made a last bid that landed me the locker...we all make mistakes sbell. But the point HERE is that I was fortunate that I had left and didn't get the locker. I was happy to find that out AFTER the fact.

Let us know however if you NEVER get a locker  that stings you when you DO pay that last bid amount you were confident in. If you never get stung you ARE a rare buyer indeed.
Don't get me wrong, I completely understand what you are saying.  You recognize that had you bought the locker, you would have lost money.  

We've certainly all ended up making well-reasoned bids on a locker only to have it turn into a turkey.  If someone claims that they have never lost money on a locker, he/she is as big of a liar as the guy who has to pump himself up by spewing self-aggrandizing stories.  My point is only that until you are actually able to sort through the locker, you haven't lost any money, really.  Until that point, you are still the wise speculator, making things happen.

In the case of the locker that you 'lost' but is offered to you at the end because the 'winner' defaulted, your point of view is still where it was when you were standing in front of the door calculating your 'drop dead' bid.  Therefore, any one of us would likely still buy the locker if 1) we still have the cash in our pockets and 2) our last bid wasn't above that 'drop dead' price.  Like many of us, I NEVER bid above my 'drop dead' price, so for us, only #1 applies.

Given all this, my takeaway from your ealier post still applies.  It behooves us to stick around at the end because a locker that interests us just might once again become available.

19
Stories about Storage Auctions / Re: Post your pics
« on: March 09, 2011, 01:38:28 PM »
What? People lie? I don't believe it !

(and don't you believe THAT!, but I generally give people the benefit of a doubt)
Giving people the benefit of the doubt is the best course, but you risk a damaged retina if you fight the eyeroll for too long.

20
General Storage Auction Talk / Re: bidder with no money
« on: March 09, 2011, 10:42:28 AM »
Or, as in the last line of my post directly above yours, luck out because you left. If I had stayed I would have been the 2nd highest bidder and I probably would have said "great, I'll take it at my last bid." If I had done that it would have been me that worked for days for virtually nothing to sell.  The former lkr owner had been a druggie and hoarder all in one...it was a losing locker and while I felt badly for my friend who got it, I was happy for me who didn't get it.
I thought about that, but at the end of the day, we bid what we are willing to pay for lockers that we want (with the exception of a few of us who claim to bid more than they believe lockers are worth).  Therefore, I would generally still want to buy that locker, assuming I didn't exhaust cash on hand with later purchases.  The odds that the locker was a loser didn't change since I made my earlier bid, after all.

21
I don't see it as a bad thing.  Dedicated buyers can find out where each company reports it's auctions.  noobs and undedicated buyers having trouble accessing this info only makes it easier for the rest of us.

Perhaps it is my inner MBA talking, but I don't feel guilt over this process.  People failing to pay their bills and losing thier stuff doesn't bug me one bit.  Further, I suspect that the odds of a deadbeat actually reading a public notice and going in to pay his bill is unbelievably slim.  I suspect that it is much more likely that someone pays up because 1) he knew he was late in paying and didn't want to lose his stuff, or 2) the storage company called him (over and over).

22
General Storage Auction Talk / Re: bidder with no money
« on: March 09, 2011, 08:59:58 AM »
I guess the takeaway from this is that it can pay to stick around after teh auctions are done even if you didn't win any.

23
I am far to the other end of the spectrum as I believe that this is a business that can and should cash flow itself from early on.

We didn't start out with a truck.  Instead, we used our SUVs and a small cargo trailer.  It worked a treat and still does.

We didn't rent warehouse space.  Instead, we gave up part of our garage and storage building.  In addition to not having the outlay for a warehouse, this also keeps what we bought 'in our face', incentivising us to get it sold super fast.

The only real cash that we put into this endeavor to start was a few hundred bucks to buy the first units.  Everything else was cash flowed from that.

24
Stories about Storage Auctions / Re: Post your pics
« on: March 09, 2011, 08:38:15 AM »
Rule #1:  Don't believe everything you read on the internet.

25
Stories about Storage Auctions / Re: Getting closer to a gun
« on: March 09, 2011, 08:25:31 AM »
Seems like a state that has lax gun laws would have more guns.  Therefore, there would be a greater chance of someone leaving one in a storage unit.

26
New to Storage Auctions? / Re: AuctionZip...
« on: March 09, 2011, 08:23:32 AM »
Another thing to consider is where the auctions are located.  Auctions that are farther from the metro area may be less crowded. 

27
Stories about Storage Auctions / Re: Worse locker ever
« on: March 03, 2011, 10:54:29 AM »
I just came from an auction.  One of the lockers had three boxes of adult diapers and a small dresser with no drawers.  It went for around $200.

28
Welcome to the Online Storage Auctions Forum / Re: Enough Lurking
« on: March 03, 2011, 10:52:39 AM »
Anyone that buys storage lockers likely has a little bit of voyeur in him, so feel free to post the pics.

Incidently, you described the kind of lockers that I prefer.  I like to sort through the boxes to find what's hidden inside.  It's rewarding to then squeeze every nickle of profit out of them.  I much prefer that to buying lockers full of big furniture (unless the furniture is awesome.)

29
Stories about Storage Auctions / Re: Lookey Loos Part 3....March, 2011
« on: March 03, 2011, 07:34:36 AM »
Bidding more than a locker is worth is a great way to lose money, regardless of whether you are a newbie or a 'regular'.

30
New to Storage Auctions? / Re: Taxes - To pay or not to pay!?
« on: March 01, 2011, 07:21:09 AM »
really! must be why I can't remember the last time I got a tax refund.
You appear to be confusing sales tax with income tax.  Sales tax collected is not income, so would not affect whether or not you receive a tax refund.

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