Hi Folks:

I just looked up the return I have so far this year on my mutual fund and it is a double digit loss. Although the loss is only on paper and I don't plan on taking out of the market, it is uncomfortable seeing money go away completely out of my control.

How nice it is that I have ANOTHER account, (namely a zippered money bag) that has enjoyed massive returns. I have no longer kept track of my return on money invested but I am assuming many THOUSANDS of percent return on my cash invested this year.

Of course this was done by buying and selling personal property. Lately I have been really focused on motivated sellers and people that just want to get rid of things very badly. I have done a few small car deals like this one, and if you consider the money invested, the return has been very good.

I flipped a Ford Escort this week. Paid $300 and sold it for $700 cash. I was lucky because a car salesman I know had a prospect that was looking for a cheap car and I pay salesmen a referral fee if they help me sell one of my cheap cars.

So I showed the car to the guy, sold it Tuesday night and made about 108% return on a $300 investment. (I paid my salesman $75 for the referral)

The point is, I made my money by finding a car someone wanted to get rid of at below wholesale value. Now I did that by noticing the car on a rural road that I was sure provided very little exposure and very few potential prospects. It actually sat there for about 1 month before I even considered making an offer.

By the time I contacted the guy last week he was very motivated to get rid of the car. In fact, I knew this before I called because the sign on the car had been marked down twice, from $800 to $700 and then best offer.

I just told him I couldn't pay more than $300 for a car that might blow up next week. If he would of refused, I would have just walked away.

Motivated sellers can make you an awesome return on your money!

The car, by the way, was washed and cleaned out real nice before I bought it. I touched up a few things and drove it to town where it was sold.




Make Money Buying and Selling Personal Property