Quote:
Originally Posted by JASONSAUTO
I do the same, I make it work for me myself. I average well over 15 percent return throughout any given year, last year I did very well and almost doubled it.
I buy and sell cars in all conditions. I get them running , make them halfway safe sometimes. Sometimes I sell them in a basket.
But I usually make money. 3000 and two days work has turned into over ten in two weeks. And I still have a 69 camaro basket case and the 69 c10 2wd fleetside I posted in the car thread in the pics section and the trailer it's sitting on.
Sometimes I have 30 or 40 vehicles sitting here and there. Just waiting for the guy who has to have it.
I've had a 72 in a barn for 15 years and a guy saw the 69 in my drive and came wanting to buy it and I think I've sold the 72 to him. Bought for 50 bucks, got a title for 200 more.
He offered me 3500. It cost nothing to sit in a barn I own anyways.
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That's smart investing.
R8RFAN could do something similar. Use some of his cash as down payment to purchase a couple of rental properties in undervalued neighborhoods.
I purchase land when the right opportunity comes along. I bought 75 acres 5 miles west of Wichita 18 years ago and leased it to a farmer. The city has now expanded to where the land is in a prime development area. It's worth anywhere from $800,000 to 1.2 million right now.