$$ dilemma.... buy parts or make more$$ - The 1947 - Present Chevrolet & GMC Truck Message Board Network

danheit · 09-29-2013, 09:21 PM

So occasionally I purchase cars and trucks to flip and make cash on. I recently bought a 95 chevy for $500 and sold it tonight for 1000. SO, now I am stuck with the age old question. Do I drop cash on my C10 now, or look for another truck and go for another flip??
I have really been contemplating purchasing a 60-66 chevy truck, but can't find any decent ones for cheap. I found a 70 on CL tonight for under 1000 but if I buy that, it's gonna end up solely for me and won't get re-sold. I would rather have $$ for my C10, as I have PLENTY of stuff to do, but I also know that if I spend that cash on the truck, that's it for a while. That will deplete my truck fund for at least a year (I only spend $$ on my truck that I make by selling parts, I don't take out of the regular household budget).
Any suggestions? Here's the big things I need/want to do to mine
Lower (may just buy 2 bags for the rear and some drop springs for front)
New Door seals
Different bench seat or have mine recovered (it's red from a 1990 GMC)
new front and rear bumpers
fix A/C
have D/S shortened for my 700R4 swap
buy TV setup for 700 swap, Lockup setup also
Paint truck
I know I can't do all this for 1000 but it will give me a good head start on alot of it. I am usually very resourceful when it comes to finding parts.

PanelDeland · 09-29-2013, 10:07 PM

Put $200 away for the list and flip another.Repeat as often as possible to fund yours.

68basket · 09-29-2013, 10:15 PM

I flip a lot of vehicles to fund my hobbies. I ALWAYS keep a few thousand dollars held back to buy the next deal that comes along. I never want to miss out on one i know i can make some money on. anything over that i will spend on my truck, car, camper whatever. I say keep turning that money into some more and always hold back some to buy the next flip. My dad has a car lot and i buy some from auctions and some broke down cars from my customers. The best deals i have ever had i was not looking for. Last one i did was a 2003 escalade that had zero compression on cyl4.

**davischevy** · 09-29-2013, 10:16 PM

Flip until you get your "flip fund" built up to whatever your normal purchase price is. Maintain that amount to buy your flip cars with and spend the profits on your toys.

DGulliver · 09-29-2013, 10:46 PM

Quote:

Originally Posted by davischevy

Flip until you get your "flip fund" built up to whatever your normal purchase price is. Maintain that amount to buy your flip cars with and spend the profits on your toys.

This is exactly my program..

hopped up · 09-29-2013, 10:50 PM

I'd keep flipping and buy parts as you go. You don't have to buy everything at once, but you don't wanna be left with no truck fund for a year.
Posted via Mobile Device

danheit · 09-30-2013, 08:34 AM

Well, you have all made a very good point. One that I knew myself to be true, but didn't want to listen to. I was kind of hoping there would be that one guy that was the little devil on my shoulder! Thanks guys for pointing me in the smart direction. Funny thing is, my C-10 started as a flip! Just couldn't get rid of this one though!
Posted via Mobile Device

09-29-2013, 09:21 PM	#1
danheit Registered User Join Date: Aug 2011 Location: Little River, SC Posts: 255	$$ dilemma.... buy parts or make more$$ So occasionally I purchase cars and trucks to flip and make cash on. I recently bought a 95 chevy for $500 and sold it tonight for 1000. SO, now I am stuck with the age old question. Do I drop cash on my C10 now, or look for another truck and go for another flip?? I have really been contemplating purchasing a 60-66 chevy truck, but can't find any decent ones for cheap. I found a 70 on CL tonight for under 1000 but if I buy that, it's gonna end up solely for me and won't get re-sold. I would rather have $$ for my C10, as I have PLENTY of stuff to do, but I also know that if I spend that cash on the truck, that's it for a while. That will deplete my truck fund for at least a year (I only spend $$ on my truck that I make by selling parts, I don't take out of the regular household budget). Any suggestions? Here's the big things I need/want to do to mine Lower (may just buy 2 bags for the rear and some drop springs for front) New Door seals Different bench seat or have mine recovered (it's red from a 1990 GMC) new front and rear bumpers fix A/C have D/S shortened for my 700R4 swap buy TV setup for 700 swap, Lockup setup also Paint truck I know I can't do all this for 1000 but it will give me a good head start on alot of it. I am usually very resourceful when it comes to finding parts. __________________ 1955 Chevy 3100 Task Force Pro Street - Sold! 1957 Chevy 3100 Task Force "Rat Rod" a.k.a. SLOTH - Sold! 1971 C10 Longbed factory A/C all stock 350/350 1979 Jeep CJ7 - Build date on the day I was born! -Keeper 2004 Expedition - Family Hauler 2007 Accord - Wife's around towner; I have more but not enough lines to post them!

09-29-2013, 10:07 PM	#2
PanelDeland I am a Referee of life. Join Date: Jun 2000 Location: Greensboro N.C. Posts: 13,993	Re: $$ dilemma.... buy parts or make more$$ Put $200 away for the list and flip another.Repeat as often as possible to fund yours. __________________ The 47-present Chevrolet and GMC Truck Message Board Network,it's owners,moderators,members,and associates of any type should not be held responsible for my opinion. You can't fix stupid,not even with duct tape. "My appearance is due to the fact that "GOD" does punish you for having too much fun!" Barrett-Jackson has perfected alchemy,they make rust into gold! "You can lead a horse to water but you can't saddle a duck" "Cleverly disguised as a 'Responsible Adult' "Sometimes your Knight in shining armor is just a retard in tinfoil"

09-29-2013, 10:15 PM	#3
68basket Registered User Join Date: Dec 2012 Location: louisville, ky Posts: 480	Re: $$ dilemma.... buy parts or make more$$ I flip a lot of vehicles to fund my hobbies. I ALWAYS keep a few thousand dollars held back to buy the next deal that comes along. I never want to miss out on one i know i can make some money on. anything over that i will spend on my truck, car, camper whatever. I say keep turning that money into some more and always hold back some to buy the next flip. My dad has a car lot and i buy some from auctions and some broke down cars from my customers. The best deals i have ever had i was not looking for. Last one i did was a 2003 escalade that had zero compression on cyl4.

09-29-2013, 10:16 PM	#4
davischevy Senior Member Join Date: Sep 2008 Location: Harrison, Arkansas Posts: 9,787	Re: $$ dilemma.... buy parts or make more$$ Flip until you get your "flip fund" built up to whatever your normal purchase price is. Maintain that amount to buy your flip cars with and spend the profits on your toys.

09-29-2013, 10:50 PM	#6
hopped up Registered User Join Date: Jul 2010 Location: los angeles,ca Posts: 3,617	Re: $$ dilemma.... buy parts or make more$$ I'd keep flipping and buy parts as you go. You don't have to buy everything at once, but you don't wanna be left with no truck fund for a year. Posted via Mobile Device

09-30-2013, 08:34 AM	#7
danheit Registered User Join Date: Aug 2011 Location: Little River, SC Posts: 255	Re: $$ dilemma.... buy parts or make more$$ Well, you have all made a very good point. One that I knew myself to be true, but didn't want to listen to. I was kind of hoping there would be that one guy that was the little devil on my shoulder! Thanks guys for pointing me in the smart direction. Funny thing is, my C-10 started as a flip! Just couldn't get rid of this one though! Posted via Mobile Device __________________ 1955 Chevy 3100 Task Force Pro Street - Sold! 1957 Chevy 3100 Task Force "Rat Rod" a.k.a. SLOTH - Sold! 1971 C10 Longbed factory A/C all stock 350/350 1979 Jeep CJ7 - Build date on the day I was born! -Keeper 2004 Expedition - Family Hauler 2007 Accord - Wife's around towner; I have more but not enough lines to post them!



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