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Re: Flipping Tractors for Profit?


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Posted by sotxbill on August 16, 2023 at 08:11:12 from (172.56.94.147):

In Reply to: Flipping Tractors for Profit? posted by Nebraska Zach on August 15, 2023 at 18:22:05:

I do pretty much that. As we ranch and farm, I am constantly buying tractors, doing minor repairs, panting them and flipping them. But they also are getting used on the farm and ranch. BUT... you make money when you BUY the tractor... by carefully looking it over, and making sure of its condition. I probably buy less the 50% of the tractors I look at due to serious condition of engine or other. The uglier the tractor, the better the buy usually. After around 3 to 4 power washes, several seal replacements, total charging system replacements, lots of electrical and instrument repairs, new seat,and finally a paint job and decals, they emerge as a nice clean, dry, and good running tractor. I can make around 70k a year doing something I enjoy. No computers, no ecus, or emission systems to mess with. DO it when I feel like it. I started out making a couple hundred a tractor, but now have pushed that margin up. I have auctioneers call me when certain tractors come into the yard. When ever I've bought one over the phone, there are usually problems, so I have lost money on a few. So after retiring from 41 years of engineering, this is/has been a fun process for over 125 tractors now.
lessons....
No one will buy an ugly tractor today. Everyone will buy a pretty tractor. Sad, but true. When it rains, tractor and shredder sells like hotcakes. When its dry, things are very slow. You cant put a $5000 engine in a tractor and make any money, so again, you must look at everything on the tractor, in person, before you buy. If it doesnt run, its a 500 dollar tractor!!!!!. I dont have dead tractors around junking up the homestead. I do occasionally do a head gasket or pull an axle trumpet, but try very hard to avoid that at my age. I try to stay between 1965 and 1996 if I can all though I have gone through 9ns and jubilees(series) many times, some on trade-ins. Again, if it can run a shredder, its a seller. I always put a copy of the lawnmowers at tractor supply that sell for $4999 or $5300 along with a picture of my tractor with a comment, you can buy this 600 hr lawnmower or buy this 10,000 hr tractor. And the tractor can be rebuilt and go again. ( on the smaller tractors. Not so much on the 100 hp tractors ) I do NOT buy compact tractors by choice. Buying on line auctions can cost you up to 15% in fees, so I dont recommend that for tractors. ALWAYS go the day before and start and run everything your bidding on. Take lots of water, some oil, and power steering fluid, spare battery,, so that you can fully check all features/defects,, and add that your your bidding prices.

So,, yes you can... flip tractors if your careful and enjoy keeping busy between other farm and ranch duties. Lots of extra tractors are great during hay season for running multiple cutters, and rakes. Everyone gets a tractor.


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