Quote:
Originally Posted by MrMaxwell
Yeah.. just little shit... laptops and desktops and just anything. I even bought ceiling fans and a tv antenna the other day. $2 for both fans $1 for the antenna and $1 for a factory radio. Sold the fans (both) for $20 and the antenna for $25 and the radio for $10. A couple of weeks ago I bought laptops and resold them fairly regularly... they go fast and I do pretty well on them, but can't always find them.
One thing I can tell you for sure- craigslist and facebook are GREAT places to buy automobiles. Especially in larger areas. Some halfwit posts his car for sale in a group with 42 people, or on craigslist where it gets buried under 100s of other posts before it's even live, and you can buy their cars for nothing- especially if you wait until they've been trying to sell it for some time.
Then, just like I use to do back in the day, you park the car where it has visibility or put an ad in the local auto trader/newspapers and BLAM.
|
Ok, first, yes, craigslist is a great place to trade time for money. But you need to be an EXPERT in the niches you focus on. The housewife who wants to pay the electric bill tomorrow sells her kids old toys cheap. You need to know what they'll sell for if you have space and a month.
The guy who was let go sells everything to stay in his rental - what will people buy if you wait a month or two?
The trouble is, unless you are in a large suburban setting, not big enough for other experts and not small enough to reduce volume, you'll get sunk. Every 10th trade you'll fuck up and lose your capital. You'll get emotional because you "want" to reach a goal and you'll make a bad purchase or fail to make a good sale.
If you have a formula and you stay frosty you could make that work. But get to know your people and your niche.
Cars, man, that is the ultimate. You can buy a car in Texas for cheap because they repossess easy and creditors are strong, and take it to your own state for like $700, retitle and sell for $2000 up and they ALWAYS go. Everyone searches within 200 miles and like 90% of people know nothing about cars. If I was you I'd make sure I was:
a. a fuckin expert in cars and a serious committed boyfriend to the car models you specialize in
b. had a source for every part, repair, electronics, trick, etc
c. know ALL the laws where you are buyin and selling
d. always take cash only
you can lose your shirt and get in serious trouble over one bad trade