Originally Posted by ilnjscb

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