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Old 02-07-14 | 08:37 AM
  #21  
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miamijim
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Joined: Aug 2003
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From: Tampa, Florida
Originally Posted by JReade
I gave up on flipping, the market is too well poured over by a handful of individuals in this market. I can't leave work in the middle of the day to snag a score, nor can I browse CL full time.
Originally Posted by oddjob2
Maybe Miamijim should do an IPO and sell shares to you?☺
I wish. I have a full time job, I'm 'on call' every 4th weekday and 4th weekend. When I'm 'on call' I have to be within 30 minutes of the hospital. I don't have the time or desire to keep up with the big time local flippers...I just don't care about them. Less than 50% of my finds are from CL. A lot of it has to do with your tolerance to spending money.

Are you willing to drop $100? $300? $500 $1000 or even $2000 on a bike to flip? Getting up into the $500-1000 range isn't for the light hearted. A few years ago I paid $850 for a 2005 model bike that originally retailed for $8800. I test rode it, did my due diligence, everything seemed OK. Recently I decided to sell the bike and discovered numerous problems, too many to list but I'm struggling to break even on that bike.
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