Thread: Got Burned!!
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Old 04-16-11 | 06:21 AM
  #53  
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wrk101
Thrifty Bill
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Joined: Jan 2008
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From: Mans of NC & SW UT Desert

Bikes: 86 Katakura Silk, 87 Prologue X2, 88 Cimarron LE, 1975 Sekai 4000 Professional, 73 Paramount, plus more

I have picked up my share of losers over the years. I try to keep the $$ I pay for it low enough that I have a chance of surviving the transaction without losing a ton. I typically will part out a bike with a sorry frame. 90% of the time, I can get a stuck seat post out (10% of the time, not).

I drove 3 1/2 hours one way to pick up this gem. Oh yeah, and to get it, I had to buy five bikes including a Mongoose, a Rollfast and a couple of other crappers. I was able to resurrect this Fuji, the rest of the bikes were parted out. I too had committed to buy, so I stuck with the deal.

+1 If you are going to chase after bike deals, time to start reinvesting flip profits into tools. I don't remember a single deal I have picked up that did not require work. Bikes in project condition tend to last longer on C/L and enjoy a healthy discount.

I would not say you got burned, rather, consider it tuition in bike flip school.



I love this creative cable routing. How to negate the advantage of an aerolever...




After a lot of time with OA, tossing several parts and pulling replacements out of the bin, the bike came around.

I made a "profit", if you put my pay at about ten cents an hour.... Note that the chrome on the fork crown came around, thanks to OA.



Last edited by wrk101; 04-16-11 at 06:25 AM.
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