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Aaron LaPedis threw his first garage sale at age seven and has been buying and selling items ever since. In fact, he made his first million dollars by "flipping" garage-sale finds and used that money to open an art gallery in Denver.
This "garage sale millionaire" writes a monthly column for The Denver Post and hosted a PBS TV show on collectibles. Wiley releases the second edition of LaPedis' book, The Garage Sale Millionaire: Make Money with Hidden Finds from Garage Sales to Storage Unit Auctions and Everything in Between, in June.
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How did you get into garage sales?
All I really knew when I was seven was comic books and baseball cards, and that's what I started with. When we had our first garage sale with my mother, my mom said "we've got to go through all your toys and whatever toys you don't want anymore, we're going to sell them, and I'm going to sell some stuff in the house that we don't need and whatever money we make is the only money that you can use for new toys."
The sale did so well that around noon, we had nothing else to sell. So when my mother went to make lunch, she told me I was in control and to make sure we keep on selling. I went to the house and went to the living room and took some lamps, end tables, and some other stuff I could lift and brought onto the front lawn and sold that stuff. It wasn't until the next day that she realized I sold half of her stuff in the living room.
Instead of paying full-price for items, we'd go to other garage sales and I started seeing all these comic books and baseball cards and other toys, and from there I went to coins. I started buying and selling silver dollars and stuff like that. Between age seven to 25, I made my first million from garage sales, estate sales, and second-hand stores, buying and flipping stuff. I took all the money I made and flipped that into starting an art gallery.
http://finance.yahoo.com/news/much-lamp-tips-garage-sale-161539154.html
he has a point. my dad used to buy and sell cars the same way. he was not a dealer, had an executive job, but just loved buying (usually older) cars for X and selling higher for Y. he even got me into it when i turned 18. it is amazing what people will sell for and amazing what people will buy for.
This "garage sale millionaire" writes a monthly column for The Denver Post and hosted a PBS TV show on collectibles. Wiley releases the second edition of LaPedis' book, The Garage Sale Millionaire: Make Money with Hidden Finds from Garage Sales to Storage Unit Auctions and Everything in Between, in June.
....
How did you get into garage sales?
All I really knew when I was seven was comic books and baseball cards, and that's what I started with. When we had our first garage sale with my mother, my mom said "we've got to go through all your toys and whatever toys you don't want anymore, we're going to sell them, and I'm going to sell some stuff in the house that we don't need and whatever money we make is the only money that you can use for new toys."
The sale did so well that around noon, we had nothing else to sell. So when my mother went to make lunch, she told me I was in control and to make sure we keep on selling. I went to the house and went to the living room and took some lamps, end tables, and some other stuff I could lift and brought onto the front lawn and sold that stuff. It wasn't until the next day that she realized I sold half of her stuff in the living room.
Instead of paying full-price for items, we'd go to other garage sales and I started seeing all these comic books and baseball cards and other toys, and from there I went to coins. I started buying and selling silver dollars and stuff like that. Between age seven to 25, I made my first million from garage sales, estate sales, and second-hand stores, buying and flipping stuff. I took all the money I made and flipped that into starting an art gallery.
http://finance.yahoo.com/news/much-lamp-tips-garage-sale-161539154.html
he has a point. my dad used to buy and sell cars the same way. he was not a dealer, had an executive job, but just loved buying (usually older) cars for X and selling higher for Y. he even got me into it when i turned 18. it is amazing what people will sell for and amazing what people will buy for.