 Theory |
| Theory |
 May 2 2008, 12:25 PM
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#1
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 Group: Members Posts: 2,329 Joined: 20-June 07 Member No.: 1,243  |
I'm testing out a new investment theory and I have no idea if it'll work.
I just bought a '63 Thunderbird for $6k. Pretty good condition, good enough to take some whore out on a date with. My theory is the car is better than cash, since the dollar isn't worth dick right now. I can dump about $4500-$5k in to it and it'll be worth about $15k. I'm going on the advice of a coworker who buys, fixes up, and sells cars as a side project. He's been doing this for 30+ years and he recommended that I start doing it. He owns about 12 automobiles the last time I counted. I wish I could find some "normal" investments like stocks that hold my interest. Oh well, buying and selling strange shit is more fun --------------------   |
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May 2 2008, 12:29 PM
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#2
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 Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
Probably dumb to say, but just make sure you do a good job and keep it close to original if you want to make a profit off of it.
let's see some pics of it! |
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May 2 2008, 12:40 PM
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#3
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Group: Members Posts: 2,329 Joined: 20-June 07 Member No.: 1,243 |
QUOTE (impala454 @ May 2 2008, 01:29 PM)  Probably dumb to say, but just make sure you do a good job and keep it close to original if you want to make a profit off of it. let's see some pics of it! I'll be going on the advice of my friend until I get a better feel of what the hell I'm doing. At least I'm really good with doing my own work and installing stuff myself with domestic cars. Foreign cars, not so much. I bought an Alfa Romeo (the car in The Graduate, of you've never heard of it) from my friend's dad for $600 after my senior year of HS. Realized real quick I didn't know how to install shit, and ended up with a $1k loss the next year when I sold it. I'll take some pictures of it when my roommate and I can run out to Leander to pick it up. It'll piss my other roommate off big time. That car isn't leaving the driveway for the entire weekend, and I know he'll throw a hissy fit because he'll have to park in the street and walk an extra 15 feet to the house. Whiny bitch -------------------- |
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May 2 2008, 01:26 PM
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#4
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 Group: Moderators Posts: 1,591 Joined: 23-February 06 Member No.: 31 |
keep logs and receipts for every piece of aftermarket effort put into it.
-------------------- Don't sweat the petty, pet the sweaty.
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May 2 2008, 04:07 PM
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#5
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 DEATH TO ....something? Group: Members Posts: 5,618 Joined: 23-February 06 From: Parker, CO Member No.: 55 |
if you do all the work fixing a car up yourself you can make money, but if you're going to pay somone else to do it then try to recoup your costs you're gonna be fucked.
-------------------- I r Ur Gawd!
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