I like his other quote better, "Scared money never made money"

I also think that's a great quote but it's not Glendons. There's a song by Young Jeezy and Lil Wayne called scared money and talks about how "scared money dont make no money" although I imagine the phrase was around even before that since rap steals and doesn't do anything origional.

Luckily it wasn't me but sent a buddy in my place today to the flea market. He had some purses to sell and I normally send some stuff along with him to sell for me and keep a % of profits for himself.

Got there at 6:30 this morning and they were already full. Only way to reserve a space is if you are going to be there every weekend for the full season.

This is bad news for the rest of the summer. Today is about 40 degrees cloudy and rainy and we've known about this weather all week so can only imagine what its going to be like when weather gets nicer.

Been seeing a ton of listings lately where individuals will have 3-4 units being auctioned off at a facility, often times multiple individuals with multiple units. I love those usually means a whole house full of stuff and often times cars.

I recently bought a list off ebay, didn't need it was just curious to see what ohters were offering. Basically all the same auctions I know about and posted myself. Didn't cost much though so no big deal.

When someone with an ebay score of 2, 5, 20, heck even 30 bids and doesn't pay or takes two weeks to pay I'm not surprised but I have been noticing lately even people with great % scores and scores in the 200 and 300's taking a week plsu to pay or not paying at all until an unpaid resolution is opened. Getting sick of it, I have stuff packaged and usually ship within hours of receiving payment however buyers sit around waiting a week to ten days to pay and there's nothing we as sellers can do about it. Can't leave feedbac, if you dare open a case expect bad feedback.

You do make a good point tc, every unit is a gamble. Even if you see an expensive piece of electronics and not just a box who's to say it even works.

As for prices, another good point. At the police aucitons prices on electronics nad things like that tend to be pretty low b/c again, this is soemthing that was seized maybe some guy got tackled by a cop carrying that laptop. If you get in at a low price its worth the risk but if your paying near retail what's the point of paying that much for soemthing that you dnot know about.

Most units I see going into the thousands will be whole house units. Sure you see stuff in boxes but you also probably see a nice amroir, some mountain bikes, lawnmower, snowblower, etc so even if the boxes are a bust you still got some sure shots.

occasionally though you do see those units that looks like a retail stores extra storage with just boxes. This woud be an ideal setup to do if someone were going to do ths and it wouldn't be odd to see everything boxed up.

I think on here people have brought up the hypothetical situation of people intentionally letting units go into default. I think I even joked about someone should stack a bunch of empty electronics boxes and watch a unit go for 5k, some expensive cardboard. Obviously I was joking as I wouldnt' want this to happen to me so also woudln't like to see it happen to others but potentially it can happen and the "defaulted tenant" makes a boatload.

As with anything in life, there’s a downside to these proactive events. Criminal minds come out of the woodwork, as Inside Self Storage recently reported in an article entitled Self-Storage Staffers Discuss Latest Auction Scam. Apparently, storage auction buyers will rent a unit and  fill it with trash-filled, misleadingly labeled boxes. They’ll stop paying rent and dodge phone calls from the facility, effectively letting the unit go up for auction. The goal is to excite buyers so they’ll throw down major cash at auction (a Self Storage Talk forum user reported that a buyer at a facility in his area bought a unit of this nature for $2,600), and the scam orchestrator will profit from the payout leftover, after the facility takes what was owed on the unit.

Blair said he has seen a similar scam unfold recently, and the missing tenant actually called in about his unit a few hours after auction to find out what it sold for

I find police auctions tend to be better for personal shopping and getting bargains than to make money or for resale but there is the opportunity.

If you want pm me and I can turn you on to some police auctions and other auctions as well. only catch you cant bid against me if you come to the auction. You'll know me b/c I'll be in my normal auction attire wearing a feather pink boa...only kiddding...or am I? lol