Posted by Howard H. on February 05, 2010 at 13:02:48 from (164.58.210.23):
In Reply to: Flippers? posted by 1963 on February 05, 2010 at 11:20:20:
"Flipping" might make a fun hobby, but in my opinion, a person has to CREATE some real value on their own through the job they do to be successful in the long run.
Hoping to luck onto "good deals" constantly in order to make a living is a poor way to do that (in my opinion).
Besides, no one is right all the time! I saw an old, rough looking McCormick Deering at auction a while back go to an internet bidder. It looked pretty good on the internet photo, but it was rougher than a cob up close and in person.
The bidder wound up getting it for $2700 or something like that - the internet bidder (a tractor jockey) was cussing to a friend of mine about how rough it was and how much it cost him to have it hauled over to his place (half a state away).
I saw it sell on Ebay a month or two later for about $1600...
My point is, by the time you factor in gas, wear & tear on the old truck, meals, screw-ups, etc, it's a tough way to expect to make a living!
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