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Did my first Flip!! Yaaaayyy!!

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Did my first Flip!! Yaaaayyy!!

Old 01-25-11, 05:41 PM
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Did my first Flip!! Yaaaayyy!!

Did my first flip today... Sweet... I purchased two bikes(Schwinn Prelude/Centurion Expert Ironman) for $190, sold the Prelude for $160...


However, the buyer got a DEAL. An 86 Prelude in super good shape. I rode the bike around the block, the bike was solid. Didn't even hear a squeak or nothing. Brakes stopped quickly, and the buyer spun the wheels, they were both true. This was a win-win deal. The buyer got a good deal, and I was happy with the price. The extra money will pay for the tune up and trueing of my Ironman.

Now, I am FLIPPER!!
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Old 01-25-11, 05:51 PM
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You can be proud of the deal you did.

BTW - One thing though you need to know about being a flipper. . . .

- There's a secret initiation ceremony.
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Old 01-25-11, 05:53 PM
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Congrats, and welcome to the club! Pocketing the cash after a flip is kind of awesome, no?
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Old 01-25-11, 05:54 PM
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Since you're just starting out, does that make you a flipper baby?
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Old 01-25-11, 05:59 PM
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You should of sold the ironman, an '86 prelude is extremely rare, only 4 were made as prototypes!
actually you did well, may your future flips be as productive!
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Old 01-25-11, 06:21 PM
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Originally Posted by norskagent
You should of sold the ironman, an '86 prelude is extremely rare, only 4 were made as prototypes!
actually you did well, may your future flips be as productive!
Ha, you gotta be joking. Both of the bikes were steals, but the Ironman was a super steal. My size, and appears to be in good shape.

Plus, I already got a Prelude, and in my size too..
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Old 01-25-11, 06:25 PM
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Originally Posted by Robofunc
Since you're just starting out, does that make you a flipper baby?
Yup, and I wanna do some more flipping too...
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Old 01-25-11, 06:27 PM
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Originally Posted by Maddox
Congrats, and welcome to the club! Pocketing the cash after a flip is kind of awesome, no?
I like it, I like it, I like it!
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Old 01-25-11, 06:47 PM
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omg - i just watched your daily warmup video - beast - let me be in that kinda shape at 70 - kudos
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Old 01-25-11, 06:53 PM
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As you said, good deal for the buyer and for you. That's nice. Now try and be sensible when you find other bikes to flip so you don't just break even, (or lose money). I have to admit I have flipped a few bikes because I wanted to own them for a couple of weeks just to ride around and perhaps didn't profit that much.

You know you are flipping a lot when your photobucket account starts to exceed the bandwidth for that month so you open another one and rotate the 2. I haven't had to get 3 yet.
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Old 01-25-11, 06:54 PM
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This brings a smile to my face:-)

Isn't this fun!
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Old 01-25-11, 07:42 PM
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Well, since I flipped two 1986 Preludes myself, guess between the two of us, we had three out of the four.....
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Old 01-26-11, 01:04 PM
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Originally Posted by marley mission
omg - i just watched your daily warmup video - beast - let me be in that kinda shape at 70 - kudos
This morning it was snowing, and I couldn't make it to the gym. It was AGONY!!
I made the gym bit a habit and now it is an addiction. That addiciton is carrying me good in these later years, plus I got arthiritis, and it is keeping that at bay too.

I workout 6 days a week! I preach exercise!!
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Old 01-26-11, 01:10 PM
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Originally Posted by tmh657
As you said, good deal for the buyer and for you. That's nice. Now try and be sensible when you find other bikes to flip so you don't just break even, (or lose money). I have to admit I have flipped a few bikes because I wanted to own them for a couple of weeks just to ride around and perhaps didn't profit that much.

You know you are flipping a lot when your photobucket account starts to exceed the bandwidth for that month so you open another one and rotate the 2. I haven't had to get 3 yet.
On the bandwidth, I got "bluehost", for a hundred or so a year, and it is unlimited.

Since this was my first flip, the rest of the bikes I purchased I am keeping. Haven't lost anything yet....

Now, I can say this, when you got bikes in your BATHEROOM, that should be a clue to slow down...

I am at slow down status. Saving everything to land me a nice Raleigh Professional and/or a Paramount. Now, I am not going to pass up any $90 Ironmans or $50 Preludes..

Right now, I am ahead, and because of the bathroom, the wifee doesn't really know how many I got!! Tell me life isn' t sweet!!
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Old 01-26-11, 01:14 PM
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Originally Posted by wrk101
Well, since I flipped two 1986 Preludes myself, guess between the two of us, we had three out of the four.....
wrk, we been lucky on our Preludes. Shucks, I see a Prelude on Ebay now, starting bid of $199, $75 shipping, with a bent crank and a bent rear wheel!!!! That one I just sold was dam near perfect. I am easing down.. But, I am still looking everyday...
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Old 01-26-11, 01:19 PM
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Originally Posted by randyjawa
This brings a smile to my face:-)

Isn't this fun!
Life is dam sweet!
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Old 01-26-11, 01:56 PM
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Craigslist I assume? I guess there are more eyes on the local CL than local eBay.

I didn't have much hope for keeping an eye for local items on eBay, being near Boston, but maybe I should keep at it.
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Old 01-26-11, 02:00 PM
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Originally Posted by Robofunc
Since you're just starting out, does that make you a flipper baby?
Would that just be a "flabby" for short?
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Old 01-26-11, 02:06 PM
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I want to be cdhowardGS when I grow up.
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Old 01-26-11, 02:37 PM
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Originally Posted by tugrul
Craigslist I assume? I guess there are more eyes on the local CL than local eBay.

I didn't have much hope for keeping an eye for local items on eBay, being near Boston, but maybe I should keep at it.
It was one and one. The Prelude was on Ebay, for starting bid of $79.00, but LOCAL PICK UP ONLY. That kept a lot of peeps away. I snuck in on the only bid, with 1 1/2 seconds left(that was cold), and snatched for $102.00. The Ironman was on C&L, and when I called the seller said somebody was coming to buy it at 3pm. I told him it is 10am now, and I can be there in half hour!! End of story. You don't let good deals wait. IMO, the Centurion and lookng at the shape, I would feel good if I paid $250.. Luck, that's what it was, good luck..
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Old 01-26-11, 02:40 PM
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Originally Posted by ColonelJLloyd
I want to be cdhowardGS when I grow up.
The crowd around here is great.. I am just an old man, that didn't grow up, and cehowardGS is the result!
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Old 01-26-11, 02:41 PM
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Originally Posted by cehowardGS
It was one and one. The Prelude was on Ebay, for starting bid of $79.00, but LOCAL PICK UP ONLY. That kept a lot of peeps away. I snuck in on the only bid, with 1 1/2 seconds left(that was cold), and snatched for $102.00. The Ironman was on C&L, and when I called the seller said somebody was coming to buy it at 3pm. I told him it is 10am now, and I can be there in half hour!! End of story. You don't let good deals wait. IMO, the Centurion and lookng at the shape, I would feel good if I paid $250.. Luck, that's what it was, good luck..

Haha, you sound like me, I'm big on sub 5 second bidding!! I bid my Circuit with 2 seconds to go. Hope I never have a connection glitch while doing an auction!!!

andy
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Old 01-26-11, 03:13 PM
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Originally Posted by cehowardGS
It was one and one. The Prelude was on Ebay, for starting bid of $79.00, but LOCAL PICK UP ONLY.
I meant, did you sell it on craigslist?
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Old 01-26-11, 04:10 PM
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Right now, I am ahead, and because of the bathroom, the wifee doesn't really know how many I got!! Tell me life isn' t sweet!!

Sweet? Your life must be pure nectar, cehowardGS! I'm not understanding how you can hide a bike in the bathroom and Mrs cehowardGS remains unaware? Mrs Oldpeddaller seems to live in our bathroom, especially when we're getting ready to go out :-) You've got my total RESPECT for that accomplishment alone! Do you have magic powers?
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Old 01-26-11, 04:40 PM
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Originally Posted by bikenut2011
Haha, you sound like me, I'm big on sub 5 second bidding!! I bid my Circuit with 2 seconds to go. Hope I never have a connection glitch while doing an auction!!!

andy
bikenut, I ain't that smart, but I caught on quickly, that it is sensless to bid early, unless it something if you get it okay, and if you don't it is okay. I said that before and got flamed for trying to get something for less than it is worth. WT?!! Anyway, I wait on something I really want, got an eye on, I wait until the last few seconds. Plus, when you early bid, you let the other bidders know you are on to it. That in turn, will make they put in a higher max bid, pushing the price up. All that is good for the SELLER, but I ain't the seller!!
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