Monday, November 26, 2018

Storage Unit w/7.5M Inside

Man Buys Storage Unit for $500, Finds $7.5M Inside

If it sounds like something out of 'Storage Wars,' it almost is

By Kate Seamons

Sorry to burst your bubble, but whatever bargain you scored on Black Friday pales in comparison to the deal a man got when he purchased a storage unit in Southern California in October.
It's a tale conveyed by Dan Dotson of A&E's Storage Wars, who was the one who actually sold the unit for $500 through his company American Auctioneers, and who learned what happened next when a woman came up to him at a Nov. 1 charity event. "She said, 'I just gotta tell you this story, my husband works for a guy that bought a unit from you and there was a safe in there,'" Dotson recounts to the Desert Sun. Inside the safe was cash—$7.5 million of it.

In a YouTube video in which he explains the story (the original auction wasn't recorded for A&E), he says that when the storage unit's original owners found out it had been sold they reached out to the new owners via a lawyer to make a deal to get their money back, making an initial offer of $600,000. They ended up letting the new owner keep $1.2 million. People does the simple math: that's $1,199,500 "in profit on a measly $500 investment."

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