Met a guy at a strip club in Atlanta who said he's never had a job in his life
Thought he was a drug dealer. He pulled out his phone and showed me a Chase business checking account with $940,000 in deposits for the year
He buys and sells government surplus
The US military throws away $7 billion worth of usable equipment every year. Humvees, generators, forklifts, tool sets, office furniture, shipping containers, medical equipment, clothing by the ton. It gets classified as "surplus," moved to a warehouse, and auctioned to the public for pennies
The website is govplanet . com. Also govdeals . com and publicsurplus . com
Last month's receipts from his phone:
3 military diesel generators: bought for $4,200 total, sold to a contractor in Nigeria for $28,000
40-foot shipping container from a Navy base: bought for $2,800, sold on Facebook Marketplace to a farmer for $6,200
Lot of 200 military-grade sleeping bags: bought for $640, sold on eBay in individual listings at $45 each = $9,000
Pallets of MREs (Meals Ready to Eat, not expired): bought for $1,100, sold on Amazon FBA in cases of 12 for $89 each = $12,400 total
Used HMMWV (Humvee) titled for road use: bought for $8,500, sold to a rancher in Texas for $24,000
Gross margin across his operation: 55-70%
He finds auctions ending in the next 48 hours, bids on items with low competition (the key is categories most resellers ignore: medical, industrial, and construction), wins at wholesale, and either ships directly to the buyer or stages at a rented yard
His startup cost: an LLC, a $2,500 box truck he bought at a different government auction, and $15,000 in 0% business credit cards for his first round of purchases
He funds every auction buy on 0% cards. Wins the lot on Monday, lists it on Tuesday, sells by Friday, pays the card from revenue. Card utilization cycles between 0% and 30% and resets every week. Score stays above 750 because the money moves fast enough that statement balances are always low
He now runs 60,000-90,000/month through the cards, earns 2% cash back on all of it (1,200-1,800/month in free rewards), and hasn't paid a dollar in interest since he started
His biggest single flip: a decommissioned ambulance with 40,000 miles. Bought at a county surplus auction for $6,100. Stripped the medical equipment (sold separately for $3,400). Sold the van to a guy converting it into a camper for $19,000. Total revenue: $22,400 on a $6,100 buy. Same day listing, sold in 9 days
"why don't more people do this"
Because the auction sites look like they were built in 2004, the listings are written in military jargon nobody understands, pickup locations are on active bases that require paperwork, and most items don't ship, you drive there and load them yourself
Every barrier to entry is a barrier keeping your competition out. The guy who's willing to drive a rented flatbed to Fort Hood on a Wednesday and load 3 generators in the rain makes $24,000 on a trip that scared everyone else away
met him at a strip club tipping twenties and his entire net worth was built on garbage the government didn't want anymore lmfaooo
(we get 700+ score business owners 100K-250K in 0% business credit. what you buy with it is your move. link in bio)