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 - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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