DRF aka Thrifty Bill
Join Date: Jan 2008
Location: The NC Mountains
Bikes: 86 Katakura Silk, 87 Prologue, 87 Cimarron, 14 frame school custom, 73 Paramount
Mentioned: 5 Post(s)
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Depends where you are located and what you consider reasonable margin. I rarely pay over $25 for a flip MTB. That Raleigh is really low end, I would pass on it for sure. I picked up a Raleigh a couple of steps higher up their product line from that bike, for $25, and it only needed a new tube. And I consider that pick up a mistake. I usually only pick up Trek and Specialized MTBs. Its what buyers recognize.
Many people a lot smarter than me have told me to not bother trying to flip MTBs. I just see 10X as many MTBs at low (thrift store and garage sale) prices.
Included in any margin you have on a flip is the time spend finding the bikes in the first place, any parts, time spent cleaning and rehabbing them, and time spent marketing them (writing the ad, taking the pictures, answering emails from deadbeats, phone calls, etc). And you also have the cost of any mistakes (at least I still make them), unforeseen defects, flaws, or whatever. So what can appear to be a healthy margin can evaporate pretty quickly to breakeven (or worse).
I am on the deadbeat bandwagon right now, I have had four in a row this week......
Last edited by wrk101; 05-14-10 at 09:34 PM.