Advertise on Bikeforums.net



User Tag List

Results 1 to 8 of 8
  1. #1
    Motorcycle RoadRacer cehowardGS's Avatar
    Join Date
    May 2010
    Posts
    3,799
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    My 2nd & 3rd flip, one right after another!! (warning long) :)

    First, this is FUN, big time FUN!! With that said, I just completed my 2nd and 3rd flip. I am not a wrencher even the littlest sense. So, whatever I flipped, it was just like I got it.

    My 2n flip was my wife's $25 Schwinn Traveler, I picked up at the thrift shop for $25. It was a keeper, until the other day, both my wife and I noticed that the Schwinn is too small for her. Okay, I took some pics, and posted it on CL for $160. The Traveler is about an 84 to 86 model, and even though I only paid $25 for it, the finish and condition of the bike was very good to excellent. In about 4 days, I have about 6 calls and promises on it. I took the advice of a thread on this board that a deal is not a deal until money is in my hand.

    One college student was so nice on the phone, that I offered to bring the bike to her so she could see it. She mentioned that she was short.. With that in mind, I had a Lemond Tourmalet that I had purchased several months ago, that turn out to be way too small for my wife, and it was smaller than the Traveler. So, I carried both of the bikes.

    When the lady tried to mount the Traveler we all had to laugh. The Travel was about a 56, and she was tip toed. Now, her roomate and her were looking at the Lemond. I quickly told them that the Lemond is almost twice as the $160 I was asking for the Schwinn.. I took off the Lemond and it was a perfect fit..I paid $175 for the Lemond at a garage sale..It wasn't my size, but I knew it was worth more.

    Anyway, she offered me $250 for the Lemond..I was saving the Lemond to get a frame and swap out the parts and sell the frame. But, no frame has come my way. I sold the Lemond for the $250. That was the 2nd flip..Come the next day, one of the first buyers other roomates had heard about the traveler.. Result, a sale the Traveler the next day for $160.. I made $75 off the Lemond, and the buyer still got a deal, and I made $135 off the Schwinn Traveler. Not bad for a newbie, that can't sling a wrench...

    Only bad part is, the wife saw the funds, and quickly started coming with things to spend my FLIPPED MONEY!!

    Now, I am on the hunt for a bike for my wife, before she eyes one of my bikes. My wife needs a 59/60. She is 6 ft tall, and it seems all my bikes will fit her..But, I rather find her one, and keep all mine!!

    Sorry for the long rambling, but this was big time fun, and I made money to be spent on buying more for my stable... Life is indeed sweet..
    2001 Raleigh R700
    1996 Litespeed Classic
    1995 Klein Quantum
    1989 Cannondale Black Lightning
    1988 Centurion Expert Ironman
    1989 Centurion Master Ironman
    1986 Schwinn Prelude(Beater)
    1986 Raleigh Grand Prix(Beater2)
    1985 Raleigh Prestige
    1985 Raleigh Competition
    1985 Raleigh Grand Prix #1
    1985 Raleigh Grand Prix #2 (project #1)
    1985 Raleigh Super Course (project #4)
    1979 Raleigh Competition GS-1

    2007 Suzuki GSX R1K (commuter)
    http://www.cehoward.net/pretty.jpg
    74,Old,Dirty,&Fast

  2. #2
    Senior Member auchencrow's Avatar
    Join Date
    Apr 2009
    Location
    Detroit
    Posts
    10,122
    Mentioned
    24 Post(s)
    Tagged
    3 Thread(s)
    Quote Originally Posted by cehowardGS View Post
    ...
    Only bad part is, the wife saw the funds, and quickly started coming with things to spend my FLIPPED MONEY!!
    Now, I am on the hunt for a bike for my wife, before she eyes one of my bikes. ...
    You need to take your flip money and immediately plow it into more bikes, more flip money, and more bikes, ad infinitum.
    (That way you will never have any money, but none of your money will be wasted either).

    - Learn to wrench, and you'll be twice rewarded by upgrading every POC you find, and having even less money!
    - Auchen

  3. #3
    Senior Member
    Join Date
    Aug 2008
    Location
    SoCal
    My Bikes
    1982 3Rensho, 1996 Serotta Atlanta-Spruce, 1996 Serotta Atlants-fade, 2012 Cannondale CAAD 10, 2008 Jamis Sputnik
    Posts
    2,045
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by auchencrow View Post

    - Learn to wrench, and you'll be twice rewarded by upgrading every POC you find, and having even less money!
    +2.. I don't have that many tools but the ones I have get used a LOT so if you get tools don't buy cheap ones. They will break and then you will spring for the good ones.
    If I need some obscure tool to remove something there is a LBS less than a mile away and they let me use tools since I bring a 12 pack every couple of months.

  4. #4
    WNG
    WNG is offline
    Spin Forest! Spin! WNG's Avatar
    Join Date
    Sep 2007
    Location
    Arrid Zone-a
    My Bikes
    I used to have many. And I Will again.
    Posts
    5,935
    Mentioned
    32 Post(s)
    Tagged
    0 Thread(s)
    Nice job! I assume your wife could ride the Prelude 'beater'. That should fit her, and I assume she won't ride in bad weather (like my wife) . So, it's still 'your beater'. Bet she'll enjoy the ride on the Prelude. And the spoils can go into equipment/frames for yourself. Remember, don't call it a beater in front of her.
    “You meet the nicest people on two wheels!"
    "Learn from yesterday, live for today, hope for tomorrow." ~Albert Einstein

  5. #5
    Motorcycle RoadRacer cehowardGS's Avatar
    Join Date
    May 2010
    Posts
    3,799
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by WNG View Post
    Nice job! I assume your wife could ride the Prelude 'beater'. That should fit her, and I assume she won't ride in bad weather (like my wife) . So, it's still 'your beater'. Bet she'll enjoy the ride on the Prelude. And the spoils can go into equipment/frames for yourself. Remember, don't call it a beater in front of her.
    No, I ain't cutting loose that Prelude...She has her eye on my 85 Raleigh Competition..And she doesn't know the term "beater", and I am not going to tell her either.. As soon as the wind dies down, I am going to try her on the Raleigh. I will let her ride it, and I will ride the Raleigh Prestige same year 85.

    The next flips she will not hear about..
    2001 Raleigh R700
    1996 Litespeed Classic
    1995 Klein Quantum
    1989 Cannondale Black Lightning
    1988 Centurion Expert Ironman
    1989 Centurion Master Ironman
    1986 Schwinn Prelude(Beater)
    1986 Raleigh Grand Prix(Beater2)
    1985 Raleigh Prestige
    1985 Raleigh Competition
    1985 Raleigh Grand Prix #1
    1985 Raleigh Grand Prix #2 (project #1)
    1985 Raleigh Super Course (project #4)
    1979 Raleigh Competition GS-1

    2007 Suzuki GSX R1K (commuter)
    http://www.cehoward.net/pretty.jpg
    74,Old,Dirty,&Fast

  6. #6
    Motorcycle RoadRacer cehowardGS's Avatar
    Join Date
    May 2010
    Posts
    3,799
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by auchencrow View Post
    You need to take your flip money and immediately plow it into more bikes, more flip money, and more bikes, ad infinitum.
    (That way you will never have any money, but none of your money will be wasted either).

    - Learn to wrench, and you'll be twice rewarded by upgrading every POC you find, and having even less money!
    I did pick up a Spin Doctor work stand at the swap this pass weekend.. I am on my way...I just NEVER been machanically incline, I just want drive/ride...Going to try hard though, thanks for the feedback..
    2001 Raleigh R700
    1996 Litespeed Classic
    1995 Klein Quantum
    1989 Cannondale Black Lightning
    1988 Centurion Expert Ironman
    1989 Centurion Master Ironman
    1986 Schwinn Prelude(Beater)
    1986 Raleigh Grand Prix(Beater2)
    1985 Raleigh Prestige
    1985 Raleigh Competition
    1985 Raleigh Grand Prix #1
    1985 Raleigh Grand Prix #2 (project #1)
    1985 Raleigh Super Course (project #4)
    1979 Raleigh Competition GS-1

    2007 Suzuki GSX R1K (commuter)
    http://www.cehoward.net/pretty.jpg
    74,Old,Dirty,&Fast

  7. #7
    Motorcycle RoadRacer cehowardGS's Avatar
    Join Date
    May 2010
    Posts
    3,799
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by tmh657 View Post
    +2.. I don't have that many tools but the ones I have get used a LOT so if you get tools don't buy cheap ones. They will break and then you will spring for the good ones.
    If I need some obscure tool to remove something there is a LBS less than a mile away and they let me use tools since I bring a 12 pack every couple of months.
    I am not going that deep, to where I need to borrow tools. If I can just replace some things, adjust some thing, I should be okay. Going to work on it..

    Right now, I am searching for a bike for the wifee, and hopefully my 4th flip...
    2001 Raleigh R700
    1996 Litespeed Classic
    1995 Klein Quantum
    1989 Cannondale Black Lightning
    1988 Centurion Expert Ironman
    1989 Centurion Master Ironman
    1986 Schwinn Prelude(Beater)
    1986 Raleigh Grand Prix(Beater2)
    1985 Raleigh Prestige
    1985 Raleigh Competition
    1985 Raleigh Grand Prix #1
    1985 Raleigh Grand Prix #2 (project #1)
    1985 Raleigh Super Course (project #4)
    1979 Raleigh Competition GS-1

    2007 Suzuki GSX R1K (commuter)
    http://www.cehoward.net/pretty.jpg
    74,Old,Dirty,&Fast

  8. #8
    Can'tre Member 3alarmer's Avatar
    Join Date
    Nov 2010
    Location
    ,location, location...
    My Bikes
    old ones
    Posts
    7,412
    Mentioned
    125 Post(s)
    Tagged
    3 Thread(s)

    How To Make A Small Fortune

    Quote Originally Posted by auchencrow View Post
    - Learn to wrench, and you'll be twice rewarded
    by upgrading every POC you find, and having even less money!
    There is a saying in the world of flower
    shows (at least that is where I first
    heard it), that in order to make a small
    fortune in flower breeding, you simply
    need to start out with a large fortune.

    Question: How do you make a small fortune on Wall Street?
    Answer; Start with a large one!

    This old joke is of unknown origin, but it dates at least to the 1950s. While it’s been used to refer to the stock market, almost all industries have used the joke, including: Broadway, Hollywood, Las Vegas (gambling), sports ownership, ski resort ownership, auto racing, newspaper publishing, book publishing, restaurants, winemaking, farming, ranching, internet technology, biotechnology, airlines, automakers, etc.
    I think you see where this is headed.
    Quote Originally Posted by Terrierman View Post
    No wonder everybody hates you.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •