Posted by Andy Martin on January 16, 2016 at 09:20:35 from (209.213.149.120):
In Reply to: Buying or Selling? posted by Spudm on January 16, 2016 at 06:47:23:
Of course it is easier to buy because if you really want something you are willing to pay a premium. It is harder to sell because even if you try to give something away people will think there is something wrong with it. I've only sold a little equipment because it's just as easy to keep it for parts.
The easy deals to buy and resell is real estate. You can be the successful bidder at a land auction and have people offer you a 10% premium right at the sale to resell. Maybe they were shy to bid, or weren't sure they could get financing. While you can't go crazy, I have never failed at buying land at auction and reselling. Often I have doubled my money by financing the sale. I find I can sell houses not fixed up or with minimal repairs.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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