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Registered
Join Date: Jul 2001
Location: Cave Creek, AZ USA
Posts: 44,635
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What do we know about buying abandoned storage units at auction?
I guess I had always heard about this, but ran across someone today who does it. This guy had so much schit stacked up in the front yard of his trailer and inside, I knew he could not have collected it all himself. He was only 45. I asked if he was selling any guns or musical instruments. He said he was keeping those. He told me he had paid $200 for a unit and found inside an original, first print edition of Peter Pan. He showed me the book and it was in pretty good shape, he said it had appraised for $8000.
How does this stuff work? If I win one at auction, can I just leave it after I've picked through it? Or do I have to clear it all out? I have to think there are plenty with guns, jewelry, music gear, car parts or even cars, plenty of other valuables. I have time on my hands and like this kind of stuff. How to get started?
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2022 BMW 530i
2021 MB GLA250
2020 BMW R1250GS
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