How to Make $500.00 per TRANSACTION by Chatteling (buying and selling).

Any week I could go to one of the auto auctions and pick up a decent looking, relatively late model car that isn't running because it might need an engine or a transmission.

What brands, body styles, and ages do you go after? I think work vehicles and Japanese cars would probably be good, although they're probably the hardest to find a deal on in classifieds.

I've always wanted to flip cars just because I actually like cruising classifieds for them-even if I'm not in the market for one at all. I just never quite pulled the trigger due to fear of them breaking down as soon as I get them, seeing as that's what usually happens when I buy a car for myself.

Are you going through the sections of craigslist?

using those search numbrers, and it is just a suggestion, I advise a beginner to start with looking at everything for sale, or go through each section day by day for 90 days and you'll see things.

Here is what I found today on my local cl in those price ranges, and I only covered about one third of the categories...just to show you what is out there.

http://akroncanton.craigslist.org/app/3127058215.html
http://cleveland.craigslist.org/app/3118907305.html
http://cleveland.craigslist.org/app/3126210564.html
http://cleveland.craigslist.org/app/3116220755.html
http://akroncanton.craigslist.org/atq/3131531625.html
http://cleveland.craigslist.org/bik/3131743741.html
http://akroncanton.craigslist.org/boa/3085777083.html
http://akroncanton.craigslist.org/boa/3091229040.html
http://cleveland.craigslist.org/bik/3128281807.html
http://akroncanton.craigslist.org/bks/3084848677.html
http://akroncanton.craigslist.org/bfs/3106625078.html
http://akroncanton.craigslist.org/sys/3128591079.html
http://akroncanton.craigslist.org/fod/3127582934.html
http://akroncanton.craigslist.org/spo/3108978609.html

Any one of these COULD be a 500 dollar deal.

Now craigslist is only ONE place to look, local newspapers, especially weeklies are good and Sunday papers too. NOT everyone is keen on the Internet and don't forget MOVING sales too.

As far as autos, what I said was, and this is both the report and the course is that I SHY away from anything titled, but, when I find a bargain or something with stored value, then I flip it ...

Cars, maybe two to 3 times a year...but, with my brothers and cousins involved...we can do several cars/motorcycles per year without getting hassled about licenses and all that.

Boats too. I just don't care for big things, when I can find a set of 4,000 dollar drapes that are sold for pennies on the dollar and fit in the back seat...those kind of things are MY preference, however, some guys, like John McTighe liked appliances...

If you like to move things and have the ability, there is always a bargain on appliances, furniture and household furnishings.

The secret, which I've REVEALED about 1001 times here is

to find UNDERVALUED CHATTEL, and build a network of buyers.

Don't use any numbers to limit searches, just go through each subject and see what is for sale.

Gordon Jay Alexander















Gordon - in the $2,499 - $5,001 range, what types of products are you seeing/do you buy? I'm finding 90% autos with some campers too. I think I recall you saying once that you steer clear of autos.

Thanks,

Tim

[GordonJ]

Brands etc. is totally irrelevant.

To make a quick grand, look for TRANSPORTATION specials, usually considered to be under 5k, or less.

I look for the nicest looking, lowest miles, and with transmission or engine problems. We have several public auctions in this area, and they auction off the non running cars first...

So, what is available? I start there.

I know certain markets...like daddy buying the new college or high school student a car, they like ones that look nice, have a good stereo, and dad wants it safe.

Guys needed to get to work and back, don't really care how it looks, more interested in if it runs or not.

FL, CA, TX southern cars need working air conditioning...and with weather changes it seem the whole country NOW needs this feature.

Moms looking for soccer vans, again, safety is the issue and looks.

Above the transportation level, at 5 to 10k, they look for newer models with low mileage with a good track record, so that comes into play.

What I suggest is you act as if you are in the market, and see what is available in your area, and check local ebay for what has sold, and craigslist to see what is offered and how long it lasts.

Something that goes pretty fast, may be an indicator for what you want to look for. A car or van that has been on craigslist for more than a week or two, indicates the price is either too high, and/or there is a problem which a buyer doesn't want to mess with.

Spend a couple of months keeping track, get a pen and notebook, and within the next 90 days, YOU'LL be the expert and be able to spot a bargain.

Again, I have resources, including an inexpensive transmission guy, who gives a one year guarantee too at less than half the price of the national guys...only thing, he is local...so you have to come back to him, still for a student or worker in the area, it keeps the thing running for a year.

If I get something at auction, I invest in it, NEW tires, new windshield wipers, new battery, tune up, and a very clean and neat car.

Sometimes, one can find a good car which has been basically thrown away, some mechanic falsely tells his customer she needs a new engine, but he'll give her 400 dollars for her car...I bought one, sold it for 2200, did NOT need anything but a wrench to tighten a bolt.

Look for parade of life events as explained in the chattel report, the sprint to freedom, there is where you'll find bargains...IN FL, lots of old people die, with relatively new cars and survivors just want cash...

MY way of chatteling is different, I don't look for things, brands or what have you except in rare instances...I look for UNDERVALUED CHATTEL, and make my money when I buy...

UNDERVALUED CHATTEL. There is a gap of cash between seller and new buyer and you stand in that gap.

Too many people over complicate this, if you can make a buck on it and you know that when you buy it...and there is a market with a proven track record of buying (ebay completed listings)...then you pull the trigger and make a deal.

Gordon Jay Alexander Mr. Chattel

Originally Posted by YoungGuns

What brands, body styles, and ages do you go after? I think work vehicles and Japanese cars would probably be good, although they're probably the hardest to find a deal on in classifieds.

I've always wanted to flip cars just because I actually like cruising classifieds for them-even if I'm not in the market for one at all. I just never quite pulled the trigger due to fear of them breaking down as soon as I get them, seeing as that's what usually happens when I buy a car for myself.

[GordonJ]

fancy new software Dien Rice installed 6 years ago...but, I'll try to learn how.

GJA

Originally Posted by TSpencer

Are you going through the sections of craigslist?

using those search numbrers, and it is just a suggestion, I advise a beginner to start with looking at everything for sale, or go through each section day by day for 90 days and you'll see things.

Here is what I found today on my local cl in those price ranges, and I only covered about one third of the categories...just to show you what is out there.

http://akroncanton.craigslist.org/app/3127058215.html
http://cleveland.craigslist.org/app/3118907305.html
http://cleveland.craigslist.org/app/3126210564.html
http://cleveland.craigslist.org/app/3116220755.html
http://akroncanton.craigslist.org/atq/3131531625.html
http://cleveland.craigslist.org/bik/3131743741.html
http://akroncanton.craigslist.org/boa/3085777083.html
http://akroncanton.craigslist.org/boa/3091229040.html
http://cleveland.craigslist.org/bik/3128281807.html
http://akroncanton.craigslist.org/bks/3084848677.html
http://akroncanton.craigslist.org/bfs/3106625078.html
http://akroncanton.craigslist.org/sys/3128591079.html
http://akroncanton.craigslist.org/fod/3127582934.html
http://akroncanton.craigslist.org/spo/3108978609.html

Any one of these COULD be a 500 dollar deal.

Now craigslist is only ONE place to look, local newspapers, especially weeklies are good and Sunday papers too. NOT everyone is keen on the Internet and don't forget MOVING sales too.

As far as autos, what I said was, and this is both the report and the course is that I SHY away from anything titled, but, when I find a bargain or something with stored value, then I flip it ...

Cars, maybe two to 3 times a year...but, with my brothers and cousins involved...we can do several cars/motorcycles per year without getting hassled about licenses and all that.

Boats too. I just don't care for big things, when I can find a set of 4,000 dollar drapes that are sold for pennies on the dollar and fit in the back seat...those kind of things are MY preference, however, some guys, like John McTighe liked appliances...

If you like to move things and have the ability, there is always a bargain on appliances, furniture and household furnishings.

The secret, which I've REVEALED about 1001 times here is

to find UNDERVALUED CHATTEL, and build a network of buyers.

Don't use any numbers to limit searches, just go through each subject and see what is for sale.

Gordon Jay Alexander















Gordon - in the $2,499 - $5,001 range, what types of products are you seeing/do you buy? I'm finding 90% autos with some campers too. I think I recall you saying once that you steer clear of autos.

Thanks,

Tim

Gordon - thanks. I was not going by section but rather searching everything. Will give the sections a try - thank you!

[GordonJ]

Originally Posted by Duane Adolph

To answer your question about the experiment YES. I'd be happy to report here on Sowpub on getting to the $600 level. Should be quite easy and 2 transactions a month is MORE than doable.

I will not limit myself to having to invest my bankroll though. As I see lots of deals all around which I can "control".

Due to my own time constraints with other projects this experiment will be very Part-Time.

That being said here's an update.

A week ago I noticed somebody (Family member) on Facebook requesting if anybody had a Blackberry for sale. I asked how much he was looking to spend. He said $150. I said "SOLD" lol. Not quite how the conversation went but I now have $300 bankroll.(the original $150 + $150 Blackberry sale.)

So, While I did not utilize the original $150 for this transaction my Bank Roll has doubled.

I am in the process of Transaction #3 this week. I negotiated a deal and will be investing $200 hoping to sell for $250-$300 for a quick $50- $100 profit.

Once completed I will let you know more details.

Gordon is this reporting style what you had in mind for the experiment??

THIS IS GREAT DUANE, I'LL BE DOING IT TOO VERY SOON. JUST WANT TO SHOW WHAT CAN BE DONE ON A VERY PART-TIME BASIS, TO DEMONSTRATE WHAT DEAL MAKING LOOKS LIKE.

THANKS AGAIN FOR SHARING.

THANKS again for your Car example. I love real life examples. I'd be very interested in hearing about any Chattel deals at the $100 profit and above, with the $600 bankroll level if you have any other than cars please let us know.

Any other Chattelers out there?
Is Anybody interested in my reporting back to Sowpub?

Just curious

Also, MAY be getting ready to publish an offline monthly chattel report...checking on printers today, may expand my ON DEMAND printing with a series of reports and custom made newsletters.

Again Duane, thanks for sharing

gja

[GordonJ]

Originally Posted by TSpencer

Gordon - thanks. I was not going by section but rather searching everything. Will give the sections a try - thank you!

Try this, to get familiar with how you want to search, we all have preferences.

Start with a general search of everything, like you were doing only now put

custom made in one search
custom built in the next
and just
custom or customized

The first one will turn up everything from custom made drapes/curtains to custom made dog houses...these often have higher perceived value too.

Where are the affluent, both old money and the people building the McMansions in your area? This is where you'll find 1000 dollar curtains and drapes, if they have a newspaper that covers the area, look for moving sales.

Start without any search restrictions...and make a list, like I did of all the stuff in a given range, pick your own...again, this is all education about your area, what is being sold and such.

Also, if you see a mower for sale, THINK BUNDLE so that maybe some high schooler or college "kid" can start his own lawn care business.

I advise you to become an expert on all the buying, selling and consignment stores in your area, so you can build a network of buyers both to sell to and to consult with.

Gordon

Wow. Worked like a charm! Just found this:

http://annapolis.craigslist.org/hsh/3118546672.html

Custom drapes for $30. I plan to ask her for photos and start calling consignment shops, etc.

THANKS Gordon!

[GordonJ]

Go to google, search for dry cleaners and alterations to see what is near you.

Find one which offers both...and you have a beginning of a NETWORK. Now, you can find curtains, drapes and have them altered, and cleaned and get a premium price.

Sometimes, you'll find baby rooms, and when the baby outgrows the crib and is ready for some little boy/girl makeover, you can pick up everything and offer it as a bundle.

Cute little boys in blue curtains can be traded for spiderman stuff and when they outgrow spiderman (some of us never do)...

Especially affluent parents like to keep their kids happy, and so you'll see lots of new curtains and drapes being bought and sold...

The TAILOR/ALTERATIONS person you find, and they don't have to be with a dry cleaner, most are work at home types...can also do wedding dresses, prom dressers and tuxedos too...and there is a parade of life element to it...prom dress is a one time deal...but, there is always a prom next year.

So, you may buy some curtains, ask about anything else they may be selling, you never know...but with a alterations person, you can now customize the custom made drapes for someone else, and throw in free dry cleaning, or a coupon for half price.

Likewise, if you see a name brand, like an eddie bauer high chair, you can BUNDLE this with other kid items, and increase your profits.

Good for looking, the more you look, the more you'll see and just a little bit of part-time sleuthing, could be a great source for some sweet cash in your pocket.

Gordon

Originally Posted by TSpencer

Wow. Worked like a charm! Just found this:

http://annapolis.craigslist.org/hsh/3118546672.html

Custom drapes for $30. I plan to ask her for photos and start calling consignment shops, etc.

THANKS Gordon!

Gordon - thanks yet again. One day, I hope I can BEGIN to repay you for all of the advice you have provided to me and to all here on SOWPub - you are very generous!