How to get a project
Thread Starter
|
6th Gear
Joined: Nov 2014
Posts: 14
Likes: 0
From: Northeastern Colorado
How to get a project
Ok, so here is the issue I face every year: zero time but a pretty good chunk of change floating around all spring, summer, and fall. Then in winter the money isn't hardly coming in, but I have a ton of time at home...
I want to get into a position to pick up a bike or two here and there while I'm gone, then wrench on them when I'm home over the winter. Being in Colorado, makes it hard to ride a ton anyway, so I figured a project would keep me out of the wife's hair haha.
Here is what I see as options
A) I have a friend of a friend with a dealers license, and for a $300 commission, I can use his dealers license to buy whatever I want at auction
B) I can jump through the hoops and go after my own wholesalers license. That way I can buy bikes, cars, or whatever else I want to, and from what I see, I can buy out of state. The appeal of this option is most of the year I'm working down south or on the east coast, which means I have access to a lot more for auctions and such
I'm not necessarily looking to make a living going this route, but I wouldn't mind being able to flip some stuff when I'm home. If it turned out I could afford not to work, that would be great, but highly unlikely, and I know that. What I'm really looking for is input, advice, or other ideas floating around. I'm on Craigslist 4-6 times a day at least, but just haven't seen much that is a deal of any kind in the last 3-4 months
I want to get into a position to pick up a bike or two here and there while I'm gone, then wrench on them when I'm home over the winter. Being in Colorado, makes it hard to ride a ton anyway, so I figured a project would keep me out of the wife's hair haha.
Here is what I see as options
A) I have a friend of a friend with a dealers license, and for a $300 commission, I can use his dealers license to buy whatever I want at auction
B) I can jump through the hoops and go after my own wholesalers license. That way I can buy bikes, cars, or whatever else I want to, and from what I see, I can buy out of state. The appeal of this option is most of the year I'm working down south or on the east coast, which means I have access to a lot more for auctions and such
I'm not necessarily looking to make a living going this route, but I wouldn't mind being able to flip some stuff when I'm home. If it turned out I could afford not to work, that would be great, but highly unlikely, and I know that. What I'm really looking for is input, advice, or other ideas floating around. I'm on Craigslist 4-6 times a day at least, but just haven't seen much that is a deal of any kind in the last 3-4 months
Tourer
Joined: Feb 2015
Posts: 253
Likes: 2
From: Hawaii
COWheeler: are you required to have a dealers license for auction purchases? I've contemplated checking out the auctions but have stuck with CL so far.
i live in hawaii and have no dealer license but go through about 6-10 trucks/ bikes a year. I'm not sure what the laws are regarding selling cars but i go to the same DMV every month or so with a new toy and they haven't said anything. like you i spend a ton of time on CL (check it at least twice an hour, i know I'm addicted) and can usually find some good stuff. my personal advice is to stick with CL. it sounds like you are looking for a hobby that you can make some money off of, which is what i like to do. what i like to do on CL is send people super low cash offers and tell them if they don't find a buyer they can come to me whenever and ill have the cash ready for them. usually they'll look around for a couple weeks and then contact me. also, since you're not trying to find something for yourself you have more flexibility on what project you buy. personally i buy and sell toyota trucks because i know there is always a market for them.
i live in hawaii where people are constantly moving to and from so there are a lot of vehicles readily available. I'm not sure how the used vehicle market is in colorado so idk if my ideas are applicable.
as far as paying your friend, i don't see that benefiting you. the projects i pick up are usually in the 2500-5000 range so paying 10% of my total cost to use a friends license seems too expensive for me.
i live in hawaii and have no dealer license but go through about 6-10 trucks/ bikes a year. I'm not sure what the laws are regarding selling cars but i go to the same DMV every month or so with a new toy and they haven't said anything. like you i spend a ton of time on CL (check it at least twice an hour, i know I'm addicted) and can usually find some good stuff. my personal advice is to stick with CL. it sounds like you are looking for a hobby that you can make some money off of, which is what i like to do. what i like to do on CL is send people super low cash offers and tell them if they don't find a buyer they can come to me whenever and ill have the cash ready for them. usually they'll look around for a couple weeks and then contact me. also, since you're not trying to find something for yourself you have more flexibility on what project you buy. personally i buy and sell toyota trucks because i know there is always a market for them.
i live in hawaii where people are constantly moving to and from so there are a lot of vehicles readily available. I'm not sure how the used vehicle market is in colorado so idk if my ideas are applicable.
as far as paying your friend, i don't see that benefiting you. the projects i pick up are usually in the 2500-5000 range so paying 10% of my total cost to use a friends license seems too expensive for me.
Thread Starter
|
6th Gear
Joined: Nov 2014
Posts: 14
Likes: 0
From: Northeastern Colorado
I'm pretty sure for all the insurance auctions you need a dealers license. And as far as deals I just haven't seen much. I'm not exactly in a buy todY position, but since I have the time, I'm trying to get a general plan together.
And as far as swap meets, we really only have two here a year, and they both just passed... When I go back out on the road I'll keep my eyes open, as well as check the local ABATE chapter websites, as well as HOG chapters sites
And as far as swap meets, we really only have two here a year, and they both just passed... When I go back out on the road I'll keep my eyes open, as well as check the local ABATE chapter websites, as well as HOG chapters sites
Trending Topics
Banned
Joined: Jun 2012
Posts: 797
Likes: 93
From: USA
I buy from Copart previuosly crashed toys. A lot of states you can buy without license. The ones which require, you can use one of their registered dealers for a $200 transaction fee. Real easy and plenty of good deals.
HD Forum Stories
The Best of Harley-Davidson for Lifelong Riders
7 Surprising Harley-Davidson Products that Are Not Motorcycles
Verdad Gallardo
8 Best Harley-Davidson Motorcycles Ever
Pouria Savadkouei
10 Worst Harley-Davidson Motorcycles Ever
Pouria Savadkouei
Killer Custom's Jail Break Is The Breakout That Refused to Blend In
Verdad Gallardo
Crazy Bunderbike Build Looks Amazing, But Is It Impossible to Ride?
Verdad Gallardo
Harley-Davidson Reveals Super Cool Cafe Racer Concept
Verdad Gallardo
Engraved Rebellion: Inside Bundnerbike's Glam Rock II
Verdad Gallardo
10 Motorcycles You Should Never Buy
Joe Kucinski