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  1. #226
    Senior Member curbtender's Avatar
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    I don't see that. They do cherry pick the market. What did you lose out on that anyone here didn't have a chance to get to first?

  2. #227
    Senior Member w98seeng's Avatar
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    Quote Originally Posted by Gyro_T View Post
    Flippers are no higher than the eBay parasites who don't actually need or want an item or component. They serve themselves and complicate those who are looking for a choice bike or component for their own use. I wish you guys would meet an an old drive-in theater and keep away from the stuff people need on an individual basis.
    A bike flipper is a person who gets good deals on bikes and resells them. The only people who are losing out are the people who sell the bikes without knowing what they have or caring.

    I bought a 2009 Trek 6000, 2007 Devinci St. Tropez and a cheap Jamis all for $300. I sold the Devinci for $280, so I am going to make a tidy profit, what is wrong with this?

    The bikes or components are available to all who look at the ads. Besides, there are so many bikes out in the market that there are plenty to go around.

    Ian

  3. #228
    Senior Member kingfish254's Avatar
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    Quote Originally Posted by volcomskater77 View Post
    im new to the whole pedal bike world, but ive bought/sold motorcycle and vintage car parts, and still do, and this is what i do for forum members. when im on a forum, and everybody shares a common intrest, i sell low for take offs that i will never use (turn signals, grab bars, air filter boxes and electronics for scoots). when i was building my bobber, i sold my stock take offs for a couple bucks less than what ebay has listed for the same condition as mine, ensuring a quick sell and a happy customer. my parts ship free through my dads work, so i automaticly (sp?) make profit. i bought a chopper seat on CL the other day for $10, its listed at 110 shipped, and ill take 90 on it, because then thats $80 in pocket. moral of the story, dont rip people off, make sure they know what they are buying and be sure to point out any defects/flaws. repeat customer and everyone knows you do good buisness and cut deals/ are negotionable once again, ensuring repeat costomers.
    I do find it funny that in the same paragraph that you tell us not to "rip people off" that you also inform us that you make your dad's company pay for all of your shipping.

    Just sayin'
    May the Fold be with you

    48 Rudge Whitworth Sports - 59 Schwinn Panther II - 68 26" Columbia Roadster - 79 Schwinn Spitfire 5
    68 16" Graziella Tandem Folder - 73 Raleigh Twenty Folder - 89 16" Dahon Stainless Classic III Folder - 05 20" Dahon Jetstream P8 Full Suspension Folder - Dahon Mu XL Sport
    - plus various bikes to flip

  4. #229
    Senior Member KOBE's Avatar
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    Quote Originally Posted by Gyro_T View Post
    Flippers are no higher than the eBay parasites who don't actually need or want an item or component.
    Kinda how Capitalism works. Buy what you do need, sell or provide a service what you don't need.

  5. #230
    aka Tom Reingold noglider's Avatar
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    Quote Originally Posted by w98seeng View Post
    A bike flipper is a person who gets good deals on bikes and resells them. The only people who are losing out are the people who sell the bikes without knowing what they have or caring.

    I bought a 2009 Trek 6000, 2007 Devinci St. Tropez and a cheap Jamis all for $300. I sold the Devinci for $280, so I am going to make a tidy profit, what is wrong with this?

    The bikes or components are available to all who look at the ads. Besides, there are so many bikes out in the market that there are plenty to go around.

    Ian
    A lot of sellers know they could get more if they put in the effort but would rather be done with it quickly and easily. Some know I will make a profit on it when I buy, for instance, an old English 3-speed for $30. They don't consider themselves to be losing out. Buying and selling always involves a time/money tradeoff.
    You don't read my signature anyway, do you?

    Tom Reingold, noglider@pobox.com
    Residences: West Village, New York City and High Falls, NY
    Blogs: The Experienced Cyclist; noglider's ride blog

  6. #231
    Senior Member kingfish254's Avatar
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    Quote Originally Posted by Gyro_T View Post
    Flippers are no higher than the eBay parasites who don't actually need or want an item or component. They serve themselves and complicate those who are looking for a choice bike or component for their own use. I wish you guys would meet an an old drive-in theater and keep away from the stuff people need on an individual basis.
    Recently (in the past 15 years or so), some misguided people have started to view anyone that makes a profit on something as evil. I just don't get this attitude that everyone is entitled to have goods or services simply provided to them by others.
    May the Fold be with you

    48 Rudge Whitworth Sports - 59 Schwinn Panther II - 68 26" Columbia Roadster - 79 Schwinn Spitfire 5
    68 16" Graziella Tandem Folder - 73 Raleigh Twenty Folder - 89 16" Dahon Stainless Classic III Folder - 05 20" Dahon Jetstream P8 Full Suspension Folder - Dahon Mu XL Sport
    - plus various bikes to flip

  7. #232
    Senior Member w98seeng's Avatar
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    Quote Originally Posted by Gyro_T View Post
    Flippers are no higher than the eBay parasites who don't actually need or want an item or component. They serve themselves and complicate those who are looking for a choice bike or component for their own use. I wish you guys would meet an an old drive-in theater and keep away from the stuff people need on an individual basis.
    I'm the first one to say I am not a good capitalist. I see huge profits at the consumers expense to be disgusting. This is not one of them. Hey, there are a lot of people selling used bikes at ridiculously high prices, but they probably don't sell a lot. I posted two bikes on Craigslist a couple of weeks ago and sold both within 4 hours of posting, why, because they were being sold at reasonable prices. I made a good profit and they got good bikes, what's wrong with this?

    Ian

  8. #233
    DRF aka Thrifty Bill wrk101's Avatar
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    Quote Originally Posted by noglider View Post
    Why do you say that? People who want a basic bike but for whatever reason want a ladies' style frame would like that style bike. The only thing they wouldn't like is the handlebars. They're not comfortable for most women, especially if they're going to ride slowly or short distances. If they're serious athletes, they'll want a diamond frame and drop bars. I don't think drop bars go well with a step through frame except in rare cases.
    Tom, here in Hooterville, a fully rehabbed step through bike, with a gas pipe frame, steel bars, steel seat post, steel rims, steel crank, claw derailleur hanger, etc. will bring about $50 at most. The market here has decided to put little/no value on vintage step through bikes. Those buyers tend to just go to Walmart, and get a generic XMart bike on sale. I just listen to the market, and act accordingly.

    Its not about convincing me, heck I love the old rigid frame MTBs, and many step through bikes are fine too (the one posted, not so much). But unfortunately, the market here just doesn't want them. Of course, this is a "Hooterville" type market. You enjoy a nice, higher value, urban market, where values are usually higher. But for every higher end market out there (San Fran, Portland, Boston, Seattle), there are 100 Hootervilles.

    I find that it takes just as much time, and just as much $$ in parts, to rehab a bike with minimal market interest as it does to rehab a bike with good market interest. I would encourage anyone to study their local market, find out what is selling, and target those bikes. Your market could have much different interests than mine.
    Last edited by wrk101; 07-13-11 at 08:34 AM.

  9. #234
    Senior Member
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    Quote Originally Posted by wrk101 View Post
    I bought a 1974 Suburban for $8 last week. But as a flip, it is a stupid buy. I will put a significant amount of time into it, add $30 in parts (tires, tubes, bearings, cables), and maybe get $75 to $85 for it, certainly no more than $100. I will probably make less than $2 per hour for the time I put into it. But I will just use it as a fill in. So I avoid that type of bike as a flipper, just not enough room for margin. A dumb buy as a flip.

    I was just looking for something a little different.
    Amazingly in my town... I do pretty well with old schwinns... I buy them for between $10 and $50 and usually get $100 to $165 out of them... I'm in a college town with a strong bike culture and people love schwinns... why I'm not sure. The really clean and pretty ones sell quick.
    I'm finding it hard to get any project bikes for less than $50 these days... so I do try and pick and choose my battles.

  10. #235
    Member soma2x's Avatar
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    oops
    Last edited by soma2x; 07-14-11 at 11:48 AM. Reason: forgot quote

  11. #236
    Member soma2x's Avatar
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    Quote Originally Posted by Gyro_T View Post
    Flippers are no higher than the eBay parasites who don't actually need or want an item or component. They serve themselves and complicate those who are looking for a choice bike or component for their own use. I wish you guys would meet an an old drive-in theater and keep away from the stuff people need on an individual basis.
    I understand how you feel. Used to be easy to find a good deal, but now so many flippers scoop bikes up, spray them with windex, put new bar tape on them and sell them for two bills. I don't know how they find them to begin with. I've tried finding good bikes (Miyata, Centurion, etc. with cro-mo frame) on the bay and/or craigslist for my wife and kids and it's really difficult to find one for sale by the original owner. It's very frustrating when all you want is a good quality bike to give your kid. I hate the fixie-kings even more. Let's take a really good quality 12 speed, chop off the handlebars, remove the brakes, derailleurs and chainrings, put on a cheap new saddle and call it a "fixie" for only $300. They totally destroy good bicycles and make them pretty much useless for anything other than looking cool outside of a coffee shop.

  12. #237
    Chainstay Brake Mafia
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    Quote Originally Posted by soma2x View Post
    It's very frustrating when all you want is a good quality bike to give your kid.
    there are plenty of good quality mountain bikes available at very low prices. put on slick tires and you've got a perfect city bike. You can get top of the line 80s mtbs with Tange Prestige tubing and Deore components for $200 or less which is a bargain compared to similarly spec'ed road bikes

    the vintage road bike market right now is very inflated and getting a road bike for a "good price" takes a lot of time and dedication. if you work a 9-5 job you will probably not be able to grab one before a flipper does

    if it's any consolation, the "fixie" conversion market is dying out due to brand new fixed gears bikes being sold for around $400 or less.. i think WalMart has one for $100 actually
    Last edited by frantik; 07-14-11 at 11:58 AM.
    1986 Diamondback Apex ~ 1988 Diamondback Ascent EX ~ 1989 Jamis Dakar ~ 1989 Specialized Stumpjumper Comp
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  13. #238
    aka Tom Reingold noglider's Avatar
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    I really like this thread, even though I haven't experienced the things people here are complaining about. I pictured bike flipping being a small but significant part of my income, and it hasn't, and I've decided not to pin hope on it. Repairs for locals, though, does take a fair bit of my time. I've decided that the next time someone brings me a Huffy to tune up, I'll decline. I've been unable to put my foot down on this front, and now I finally have the privilege.

    I don't have a problem finding bikes worth fixing up. In fact, bikes land in my lap. People drop them off and ask me to find new homes for them. I have too many bikes, and I don't spend enough time getting them ready, and I really don't spend enough time listing them. I haven't put up an ad in a year or so. It's amazing I can sell as many as I do. Word of mouth gets around, and people come to buy bikes almost as quickly as they collect here. The trouble is, they're still coming in faster than I send them out, and I'm about to qualify as a subject of the Hoarders TV show.
    You don't read my signature anyway, do you?

    Tom Reingold, noglider@pobox.com
    Residences: West Village, New York City and High Falls, NY
    Blogs: The Experienced Cyclist; noglider's ride blog

  14. #239
    Essentials Bike Works DirtyHarry714's Avatar
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    Good **** right here +1

  15. #240
    Senior Member owenmyers's Avatar
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    One thing to know before you buy an old junker is to look out for cottered cranks, these can be very difficult to work with and repair due to my last experiences on an old peugeot from the mid 70's. If that thing is loose in the bb stay away IMHO, i got lucky because my dad is a machinist and that guy can make any part work. if it's legit then go for it! On top of that the previous owner did not know how to get the cotter pins out and practically destroyed them, The hardest part about that was actually finding the right size cotter to fit in my crank. The LBS only had some that were just barely to big so my dad had to grind them down to fit perfectly. Just keep this in mind next time you out picking.

  16. #241
    Chainstay Brake Mafia
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    ^ yeah i don't mess with cottered crank bikes
    1986 Diamondback Apex ~ 1988 Diamondback Ascent EX ~ 1989 Jamis Dakar ~ 1989 Specialized Stumpjumper Comp
    1993 Trek 8300 Composite ~ 1993 Diamondback Axis Team Titanium ~ 1995 Diamondback Apex

    Join the Chainstay Brake Mafia!

  17. #242
    Senior Member JayButros's Avatar
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    Quote Originally Posted by soma2x View Post
    I understand how you feel. Used to be easy to find a good deal, but now so many flippers scoop bikes up, spray them with windex, put new bar tape on them and sell them for two bills. I don't know how they find them to begin with. I've tried finding good bikes (Miyata, Centurion, etc. with cro-mo frame) on the bay and/or craigslist for my wife and kids and it's really difficult to find one for sale by the original owner. It's very frustrating when all you want is a good quality bike to give your kid. I hate the fixie-kings even more. Let's take a really good quality 12 speed, chop off the handlebars, remove the brakes, derailleurs and chainrings, put on a cheap new saddle and call it a "fixie" for only $300. They totally destroy good bicycles and make them pretty much useless for anything other than looking cool outside of a coffee shop.
    Way OT...

    ...it reminds me of the kid that "took his ball and ran home" when we tackled him too hard.

    You're all ME ME ME GIMME GIMME GIMME, NOT FAIR....
    Last edited by JayButros; 07-20-11 at 11:36 AM. Reason: syntax

  18. #243
    Senior Member JayButros's Avatar
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    Here's a nice tip for you flippers that keep accurate financial records and itemize your tax returns.

    **THIS REQUIRES YOUR OWN DUE DILIGENCE**

    YMMV and so on...


    http://www.irs.gov/publications/p529/ar02.html

    (look half way down, hobbies are only a small part of this deduction)

    "You can deduct certain other expenses as miscellaneous itemized deductions subject to the 2%-of-adjusted-gross-
    income limit. On Schedule A (Form 1040), line 23, or Schedule A (Form 1040NR), line 11, you can deduct expenses that you pay...

    ...Hobby expenses, but generally not more than hobby income
    ."


    I'm a practicing CPA and I use this every year.

  19. #244
    Junior Member Oneiron's Avatar
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    I know people making a decent living at this (1,000 bikes a year) raiding tag and estate sales, and knowing the true market values. Thanks to Craigslist, too. Nice hobby, tough business, though. Lots of scrap metal, though. Some cash there too.

  20. #245
    Senior Member
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    I've spent the last several months cruising through ebay and CL looking to upgrade my Centurion Sport DLX without much luck. It's been time consuming and a bit frustrating when deals fall through at the last minute because the CL seller doesn't want to deal with shipping. So this is a note to you "flippers" out there. I'm looking for a Centurion Pro Tour 15 or Centurion Elite GT 15. If you have one you'd consider parting with, or come across a deal that you can pass on to me, and still make a profit for yourself for time and effort, please contact me.

  21. #246
    DRF aka Thrifty Bill wrk101's Avatar
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    FWIW: I currently have an Elite GT for sale on my nearby C/L. Use one of the C/L search engines,and you will find it. I don't post links to bikes I am selling on this forum. Update: Bike has been sold.
    Last edited by wrk101; 08-10-11 at 05:19 AM.

  22. #247
    aka Tom Reingold noglider's Avatar
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    Bill, give your email address, because jeb914 can't send a PM yet.

    jeb814, if you have your heart set on one model, you're likely to be disappointed. Lots of bikes are likely to suit you.
    Last edited by noglider; 08-08-11 at 07:27 AM. Reason: added 2nd paragraph
    You don't read my signature anyway, do you?

    Tom Reingold, noglider@pobox.com
    Residences: West Village, New York City and High Falls, NY
    Blogs: The Experienced Cyclist; noglider's ride blog

  23. #248
    Senior Member
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    Quote Originally Posted by wrk101 View Post
    FWIW: I currently have an Elite GT for sale on my nearby C/L. Use one of the C/L search engines,and you will find it. I don't post links to bikes I am selling on this forum.
    Thanks for the note Bill. I found your CL listing. The bike is a little too small for me or I'd be arranging payment instead of writing this note. I need a 58 - 62 cm frame.

  24. #249
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    Quote Originally Posted by jeb814 View Post
    the CL seller doesn't want to deal with shipping
    This is because it is a very common scam to be asked to ship a bike and pay Western Union or Paypal. They offer more than you are asking to cover the difficulty. Its a scam 100% of the time involving wire fraud, stolen paypal accounts, etc.

  25. #250
    Senior Member zukahn1's Avatar
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    About Centurion

    I've spent the last several months cruising through ebay and CL looking to upgrade my Centurion Sport DLX without much luck. It's been time consuming and a bit frustrating when deals fall through at the last minute because the CL seller doesn't want to deal with shipping. So this is a note to you "flippers" out there. I'm looking for a Centurion Pro Tour 15 or Centurion Elite GT 15. If you have one you'd consider parting with, or come across a deal that you can pass on to me, and still make a profit for yourself for time and effort, please contact me
    About the Centurion these where import bikes made in Japan for Western States Imports and had the same component groups as the Nishiki's, Fuji's and Unevega's from the same era. You may look into these bikes for parts as they may be easier and cheaper to find.

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