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Old 02-16-2014, 11:42 AM   #16
Albie
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Joined: Mar 2004
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Quote:
Originally Posted by burque magoo View Post
what's a tax return?......
It's the money that I send off to the IRS every year that gets distributed to what seems like EVERYONE else.
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Old 02-16-2014, 11:47 AM   #17
Albie
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You don't have to buy basket cases or fixer uppers.In fact, you'll make a hell of a lot more money buying bikes in mint condition then old beaters. You just have to have a decent amount of cash on hand. I got a buddy buys bikes and sells them for a profit all the time. He just waits patiently for someone desperate to sell for much less then market value. We're not talking making a couple hundred on a bike but a couple thousand. He'll keep the bike for a few months to even a couple years and almost always turns a hefty profit.
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Old 02-16-2014, 03:43 PM   #18
Barnone
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Quote:
Originally Posted by Albie View Post
You don't have to buy basket cases or fixer uppers.In fact, you'll make a hell of a lot more money buying bikes in mint condition then old beaters. You just have to have a decent amount of cash on hand. I got a buddy buys bikes and sells them for a profit all the time. He just waits patiently for someone desperate to sell for much less then market value. We're not talking making a couple hundred on a bike but a couple thousand. He'll keep the bike for a few months to even a couple years and almost always turns a hefty profit.
Or is like the guy that claims to always win at Vegas?
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Old 02-16-2014, 04:10 PM   #19
Lomax
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What I usually do is buy an older bike, put lots of money in parts and a lot of time in turning wrenches on it until it fits my standards, then sell it for a substantial loss.

Oh wait, you wanted to know how to make a profit.

Marc
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Old 02-19-2014, 10:14 AM   #20
snarf
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Location: Wichita, KS
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Quote:
Originally Posted by tkent02 View Post
I do this, a lot. Buy cheap, because you can only sell it for so much. I buy dead ones, needs a carburetor cleaning, valve adjustment, tires, maybe a battery. I only buy if it's a ridiculous low price. Get it running, make it safe, ride it a year or so, then make it look all pretty, paint it if necessary, sell it when the tax returns come out.
This is pretty much what I do. I also look for niche bikes, things that are unusual or rare for some reason. the big money makers are the exoctics that dont run. Its also important to know your local market, and what will actually sell.
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