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Author Archives: Max Power
Two Bad Purchases Update
Looks like I paid market value for the goggles. I sold them for $49.00 – $3.97 eBay fee – $1.87 = $43ish. A loss of $7 – however, I’m happy that they are gone and I can forget about that … Continue reading
Posted in Get Rich Flip Challenge, Sales and Profit
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Two BAD Buys – Lesson Learned
After driving for 5 hours – I was about to enter my hometown and checked my local craigslist and thought I found a deal. Advertised, there were these snow goggles new with tags – which retail for $170 and the … Continue reading
Posted in Get Rich Flip Challenge, Purchases
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Antique Bicycle Sold $200 Profit
While watching craigslist, I found a 1930′s bicycle in really decent condition. It definitely wasn’t a “rust bucket.” The guy was asking for $150 but told him I’d be a buyer around $100. After a couple days, we met up … Continue reading
Puzzle Sold Today – Cost to Ship Killed My Profit
So I sold the puzzle I found for $1 for $19.99 with free shipping. Since it has been a while since I’ve been shipping items off eBay – I didn’t realize how much shipping prices have gone up! It cost … Continue reading
Posted in Sales and Profit
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Let the Challenge Begin – My First Item to Flip – Starting Small
I went to an estate sale today. I was there right at the opening at 9am and one step in the garage I could tell that the owners were smokers! I walked inside the house the whole place smelled of a serious smoker. I thought that everything in the place was a loss – however, after looking around I didn’t end up empty handed. I found a puzzle unopened from 1982 in the garage. The puzzle cost me $1 so I can’t go wrong. I just listed it on eBay for $19.99 with free shipping. Anything unopened and small enough to ship or collect is an automatic buy. I listed this item on eBay today… Continue reading
Posted in Get Rich Flip Challenge, Purchases
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$1,000 Cash: Ready to Purchase
After two ATM withdraws, I now have my $1,000 ready to purchase. I’m keeping the cash in a safe-deposit box that I can access whenever I want to purchase an item. Check out the picture of these $20 bills prior … Continue reading
Posted in Get Rich Flip Challenge, Purchases
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End of December Strategy
My plan is to start to get an idea of the best places to purchase items from at a discount. I’ve been researching some ideas on this topic. First, I need to get a subscription to my local newspaper to … Continue reading
Posted in Purchases
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Get Rich Flip Challenge Rules
Rule 1: An initial investment of $1,000 is required on January 1, 2011. No additional cash can be added at anytime throughout this challenge. Rule 2: I can buy items from anywhere (legal) and I can sell them to anywhere … Continue reading
Posted in Get Rich Flip Challenge
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