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Old Feb 1, 2008 | 04:26 AM
  #22 (permalink)  
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jlude90
aspiring luder
 
Joined: Dec 2005
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its like anything you buy fix and sell, you take a gamble on the market

if the market is dying for showcar 240s...then you'll get a higher return, but definately NOT 100K

and buying a muscle car to flip it, unless you do all the work yourself and get serious deals on top name parts, you're not likely to make back what all you put into it, or might make a few thousand, my time is cheap, so i'd be OK with that, but who else would?

and just like flipping a house, you have to hope if you're trying to have a quick turnover that the market will cooperate and that what you've done to the house will attract a buyer

but the biggest thing of it all is sitting on it

if you bought an old car and sat on it, you'll make hundreds, if not thousands, of percent gains, but what'd they get that 240 for?

it was probably a decent chunk of change if it was in decent shape, and if it needed work thats more money spent in fixing it

while i could see the original plan as making it an investment, even if it is misguided, but yeah, if it was actually intended as an investment it was a poor one

a semantic discussion on TR

i never would have believed it
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