I've yet to see anything at a pawn shop at a price I could resell.

I've gotten a lot of tools for personal use.  Some I could sell at a profit but not much and since I use them wouldn't be logical.  Would just have to try and find replacement.

I did get a set of car rims once.  Put them on and they looked awful on my car. Sold at $200 profit but was a total accident.  I got them cheap since pawn shop wanted them gone.  Friends brother  offered me an amount when he saw them in the shop.  Wasn't actively trying to sell...

Dozens.   Though most aren't really "auctions"
From car lots.   They get a trade-in they don't want.  After the back lot has a dozen or so, Wholesalers come give offer.
Sales managers will let me buy for over top offer.   

Do the auctions too but since the "cash-for-clunkers" the used car market sucks.
That whole idea might have been great for the manufacturers but a disaster for car lots in the long run.
And all us little guys were fighting for scraps......

It's coming back but not like 6-7 years ago.....

I have an advantage cause the wholesale guys want nice looking cars, can fix mechanical .
I like the trashed ones that run well.   


I got one that I literally pressure washed the INTERIOR, carpet, seats, windows....
Took a week to dry out but flipped it for $2000 profit and basically just cleaned it.

Like storage auctions, I wouldn't recommend people jumping into this to make a fast buck.
I've been detailing and doing auto body since I was 16.    Very easy to loose your a**.   
I have $25,000-$30,000 in tools, can weld, straighten frames, paint......
Basically, I can do what would cost $1000s to have done.

Tho.....for the life of me I can never figure out how brake pads go back on!   

VIP room?     I missed that door.     


Everybody hates me.
Nobody loves me.
Go'n to the garden to eat worms.......

 

Which brings us back.....

Buy a unit for $100.   Make $200 in sales.  $100 profit.

Donate the rest......how much do you write off?

 

or...people don't like to brag about their spoils.

I doubt that's the case.  Humility doesn't seem to be strong in forums.  But then again, we here are all just a better breed than most of society. 


Haha.  See what I did there?......humility....then I said......   

As a business owner the cost of a unit can be written off as expense.  You write off gas, dump fee's, ect....


You end up making a profit but have a bunch of items that for hat ever reason you don't sell.

As stated in another thread, if you donate the goods you are only allowed to write off donations up to what you paid for unit...

But you already wrote unit off as a business expense.

Can you write off again?  Or how do you value left overs?

2 Weeks left and the gift card is still up for grabs... so far the leader has only made a few posts!

No one has treasures. Times are tough.....


Does it count as treasure if say you buy a unit and the only thing in it is a 9mm Glock.  But you paid $1000 for the unit.

WhoHoooo!   Found a gun!.....that I paid $600 over retail for........

Back in the 90's that was the prime place to sell.
No eBay, no CL.....no Internet to speak of.

You had the swap meet/garge sales for odds nd ends, smalls....and consignment/antique stores for furniture and high end clothing.  But for a lot your option was pawn shop or spending a ton in Ad fee's for the newspaper.

I would always pawn then not pick it up.  They give more.  1) they assume they are getting their money back. 2) higher loan means more in interest.

But after they got computers they saw you never returned and stopped letting you pawn.

Now I rarely sell to pawn shops.  Have used them to consign some items.