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Re: MAKE LIVING TRADING, FIXING IRON???
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Posted by kyhayman on December 25, 2003 at 19:17:22 from (64.12.96.236):
In Reply to: MAKE LIVING TRADING, FIXING IRON??? posted by mgiriam on December 25, 2003 at 19:01:53:
Yes, no, and maybe :-). If you are talking high quality restorations, only if you are doing it with someone elses money. If you are talking jockeying equipment and tractors, with a reapir shop backup and the capability to paint the tractors you can do ok IF you are willing to tie up some significant $$ in inventory. Then the questions begs "what do you like to do?". If it is mechanical work then I would think you would be better off to hang up your shingle and repair stuff for folks. We've got a few folks here doing that and they have from a 2 week to 2 month backlog (I got on the list with the cheapest and best for March 24, 2004). If you like the buying selling and trading then I'd go with what I mentioned in the first paragraph. That's what I do, I'm a pretty fair mechanic but do not like to do the actual repair (I'd rather drive my stuff than work on it). I'll buy something that seems mechanically sound and under priced, spruce it up, maybe use it a few months and then pull it down by the road and sell it. Usually have 3-4 pieces at any one time. Two guys up the road run good businesses doing it. They both bought bankrupt dealerships (a Ford and a JD). Put in shortlines of new stuff and lots of used stuff. Seem to be doing well.
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