To this guy who doesn't flip, but has bought and sold a few bikes and keeps an eye on the market, this seems like a no-brainer.
- Less work needed/transaction
- Higher margin/transaction
Hmmm. Lets see: scrounge for undervalued/****kicked bikes, spend an entire whole day replacing almost all of the wear items and then sell for $100-$200 or buy dirty bikes, clean and tune, and then sell for $400-$1000?
I'll take the less time/more money option, thankyouverymuch!
Originally Posted by
Odin99
Anyone who flips vintage bike also dabble in modern road bike 'flipping'?
I'm talking about grabbing modern bikes that are under priced (say bikes with 9-10 speed shimano 105 or better)? Granted, this involves spending more $$ upfront on a flip (usually $250-600), but the profit margin is also significantly larger ($250-700). (example: paid $200 for a giant OCR w/9spd 105, sold for $550, paid $500 for a giant w/ 9spd DA - sold for $1000). hopefully this isn't too far off topic for C&V, but I've now done this for the two examples above and the profit margin just seems so much larger... am I really now just a used car salesman since these bikes needed nothing to get them running?