Flipping money reddit ) and made a good profit, but I had spent a lot of savings on living expenses etc. If you want to get into video games, you should check out Best Buys Gamer Club Unlocked program. Let go of the bottle when its bottom is in the air. A place to discuss tactics and success stories of buying things for a low price Hello Reddit, Attached is a snippet of the private money loan that we got from a family friend. Here's how to consistently source phones to flip for a profit, the best places to resell, and tips to avoid getting scammed flipping phones. For my first 7-8 years of flipping i would work part time/full time jobs and i would use all my flipping money for things I personally wanted, like PC upgrades, gaming, vacations, trips, dates etc. Post latest news, reviews, opinions, pics, etc here. Keep investing and if it’s something you really want to do long term keep the money snowballing. It will be hard in F2p due to the limited number of items but there are many different ways of flipping Margin control where you find out the buy/sell price of an item and 1gp each side of a margin to ensure you control the market, easiest with high volume items Books is certainly not where I make my money, but we are bibliophiles and find a personal satisfaction in keeping them in circulation around the globe. I would have starved just looking for those items. In addition to some knowledge and research on what you want to flip, there are 4 other things to think about before purchasing: Item quality; Market price; Profit margin (including fees) Packaging and shipping; 1. Let's face it. Thank you this gave me a bit of motivation. If you do a quick Google search, Flipping items on Facebook Marketplace can be a great side hustle to make money. A subreddit dedicated to the ancient art of blacksmithing. It may not be as flashy as the sneaker business, but may be easier to source inventory and begin to multiply your money. 4- Find your own flips. Flipping is potentially the greatest money maker in the game if you are good at it. Generally speaking most common cards have so little value that you lose money just thinking about buying them. I’ve made plenty and still do. I mostly flip shoes, sports equipment, electronics, toys, tools and kitchenware. I personally do 4-10k a month in sales flipping with pretty high profit margins. 320K subscribers in the Flipping community. Scared money doesn’t make money. One was a thrift store and the other a cell phone store. I'm willing to not have a pc for a while, and would it be worth it to take my r5 3600 and my gtx 1660 ti from this pc, and use that in a pc flipping build? PC specs i want to get: 312K subscribers in the Flipping community. If you buy used (and buy smart) and make sure you get a fair, realistic price when you sell, you may end up breaking even. I decided to try selling things on Amazon. Things people buy the most --- guns, clothing, clothing accessories, self defense items, ammunition, cooking items, furniture (highest sales), Regardless, I almost doubled my money for the PC that I wanted to build, while also trying out a load of components, building up a youtube channel, networking, and improving my entrepreneurial spirit. 2g ea. Leave some money to pay eBay within 30 days as well as pay for future online transactions or shipping. I probably flipped a good $7-10k of vinyl records alone over the course of 4 years and that money went into a savings account which I used for more records/HiFi and other hobbies. to really get into the cell phone flip game so like the other guy said if you do have $400 ish on hand would be good to use that towards your first phone, some money for this course from this guy. I've flipped a couple cars. Why flip cars?** Car flipping is THE side hustle for people who don't mind getting their hands dirty or doing physical labor to start out. Flipping has been a very nice side income but there's a bit too much "paperwork" (e. My girlfriend and I have some money saved up and are both pretty handy with Reno’s and have a ton of contacts of people who work with electrical/plumbing/painting etc. Of that we've sold 1,819 items, or about 5 per day on average, for a total sale through rate of 60%. If you are flipping with 10m, you’re only gunna make 500k/hr. A place to discuss tactics and success stories of buying things for a low price and selling them for a Very much so. 70% off some games Posted by u/gwetchen - No votes and 12 comments $1000 profit isn’t bad for your first couple flips but you’ll want to focus on doubling and tripling that as your minimum margin so taxes and other expenses don't keep it from being worth your time. It's a place to share ideas, Hard money lenders will loan you maybe 60% of the value, they want to know if you fail, they can sell the place and recoup their money. SOURCING. no, flipping is not a "sure thing" (aka "get rich quick") No it doesn't take a ton of experience to start. A look at the primitive tracking sheet I used early on to track P/L on flipped cards. But ultimately, if you're willing to repair, sand, finish, paint, etc then you can absolutely add value to furniture and make money. Share your success stories, horror stories, ask questions, and learn from others. This initial success only fueled my curiosity to see if I could scale things higher. I recently watched the documentary how to make money selling drugs and the concept works well for us as well. These policies are anti broker which everyone cheers but at the end of the day the consumer ends up paying more money for the ticket. Is this true? Can I just keep my eyes out for a cheap home in need of fixing like foreclosures, get the cheapest work i can get done on it by getting 3 quotes per job, and then sell it for as high as I can? 107 votes, 166 comments. Flipping pcs for money? Asking Question . Dont be afraid to take a $ loss on dog inventory just to get some cash back. You should have considerable cash though. eBay is not going to take its 10% cut of the sale immediately, so make sure you do not simply withdraw or spend all of the money in your PayPal. That said, where I've lost money is when I bought something I really wanted, instead of buying based on resale value — and I've been perfectly OK losing money that way. Let go of the bottle at this point so it can continue the circle and flip back down, landing after just 1 clockwise With all that said, not all (especially novice) house flippers make money, and even experienced flippers who do it a lot by my understanding budget about 1 deal in 10 to be a loser and make it up and then some on the other 9. Find out ways to secure pairs (friends, family etc). A sister reddit of /r/wow. One place to source that inventory is the “clearance” section of nearby retail stores or websites. I dabble in flipping. Cars related discussion is not allowed I'm currently learning reselling just by selling stuff from my house. I’ve managed to go from around $900 ish to about roughly $14,000 ish. I will give you an example. While the popularity of certain items may vary depending on your location and current trends, here are some categories that generally have a good potential for profit: r/OSRSflipping: Post your flips, ask questions, share your ideas, and start discussions about Old School RuneScape flipping and investing. Let's start a thread on the easiest items to flip to help us all with ideas for flipping. That's an average of 8. I was an authorized cell phone repair tech for Sprint and got out of fixing and flipping phones on the side as I found it too much work for the money, but ymmv. g. Most people lose their ass on the first flip because they look for a long time, get beat by a few cash only offers on the better properties and then end up with a big ass lemon. Looking for ways to flip $500 into the most money possible. You'll find yourself spending about half what you expect to make per month. The job was to pay the bills and Flipping was anything extra Some special sale. passive means it requires no or very minimal time and effort to earn and, Other times they just don't want to go through the hassle of cleaning it up to get more money because they need quick money. And I don't mean a little more, that $5 ticket that you used to be able to buy on StubHub is now $15 or $20 at the box office so in terms of percentage you're paying an enormous markup. Not affiliated with Refinery29. you can make good money yeah but there is nothing "passive" about finding furniture, hauling it, fixing it up, selling it, etc. The most successful flippers make over $100k per year reselling their thrift store finds. That last bit is hyperbole but you get the drift. Show off your latest creations or get advice on a problem. 8g when the next listed price for that same cloth is 10k quantity at 2. Reddit India bikes lovers gather here. making listings). It's different from the low-labor flipping style I prefer, but there are many people who make good money doing what you're talking about. If you want to flip and make easy profit there is a way to do it. I thought I could have made a little more money if I wasn’t so ignorant. My last "flip" was a . I have any earnings aside to use should I decide to actually try flipping to make money. (🇮🇳-🏍️) Place for all Indian riders to discuss news, reviews and motorcycle trips. This subreddit is temporarily private as part of a joint protest to Reddit's recent API changes, which breaks third-party apps and moderation tools, effectively forcing users to use the official Reddit app. My initial results were promising. 00 glass on it, selling for a minimum of $125. Pallet flipping is a popular “buy low, sell high” side hustle. Don’t be afraid to invest. Know the releases. 31 in Have you been asking yourself “What does flipping money mean?” or “How do cash flips work?” Flipping money involves acquiring an asset and selling it at a higher price. PAWN: This is the new comer in this business and selling small amount of items in places such as school, college, work. 599 votes, 201 comments. It's always been that way. I'd suggest joining some of the phone flipping groups on Facebook and read the info provided. Flipping phones is way easier - what I do is buy used phone off of Facebook marketplace then sell them to SmartphonesPLUS. part of the problem is people get super excited to get started. Sometimes estimates of costs, or estimates of the market value after repairs, are off. Flippers don't use store fronts, we use warehouses. Saddest estate sale I had been to. I miss flipping. Item Quality. Where can I get stuff to flip online? You can get things pretty much anywhere you go: If you want to start flipping furniture fast and make money at it, you want to go for the stuff you won’t have to do much to- anything mid century, tufted, velvet, rattan, cane, or wicker are all extremely profitable right now and you can usually find it listed for super cheap because people don’t know what they have is worth money. I dont do it full time, its more of a hobby between my dad and I, but there is defintely good money to be made. I’m just wondering where can I start, what bikes to buy, bike parts, etc. Most online mattress companies offer a 100-night It might have once seemed like an easy way to earn money, but the current used market has made car flipping unprofitable unless you're mechanically inclined. Conventional financing doesn’t really work well for flips. 312K subscribers in the Flipping community. Never risk more than 10% off your money on anything, but if you aren't risking more than half of your money at any time you're wasting it. This is for 100% financing and my partner and I will be fronting the repair cost. I'm saving up to build a new PC, i'll put these specs below. The amount of time that those funds are held, will decrease for sellers with a good reputation. Those risks are your education. 30 cent vintage Fiesta Ware mug I found at a resale shop that I sold for $10 on Macari. So I started my Ebay store about a month later and 9 months later I quit my job. Yes it takes a ton of experience to master ("full time income" level) Yes if you put "all" your energy into flipping it will generate a return. There’s a plethora of videos on YouTube of people It’s mid-October and I’m trapped at home like millions of other Americans, weary of the restrictions put in place to help stop the spread of COVID-19. At the time I was only focusing on Galaxy S3 & S4. I got a bachelor's in business and the money I Of the books worth actual money ($50+) they can take months to sell. ) I’m mindlessly scrolling my Facebook news feed and up pops the dreaded “Sugg Bed-in-a-Box Mattress Returns. I recommend checking out his youtube content, tons of good shit. You may also be asking yourself “Is flipping money Also, not sure if you're just flipping phones in working condition, or also repairing and flipping. but I thought that I would explain some of my experiences with AH Flipping. I personally put my potential warehouse rent money into a higher mortgage home so I don't have to have a warehouse and I have more storage space from the larger home/property. A community dedicated to the art of flipping cars for profit. Hello Reddit community, As an app developer who ventured into house flipping in North Carolina, completing 6 flips in 2022 and 2023, I've encountered a significant challenge that many newcomers face in the industry: accurately estimating renovation costs. I’ve made so much money on random crap that I saw and thought “is that worth anything”. In total we had $70,258. I know this is higher then what we could get through a hard money lender, but we went this route for the ease and not having any closing cost etc. Don't draw interest to it, don't act You can lose a lot of money by going over 1 ounce or 1 inch after a certain point. Dont be afraid to trim the fat off a box to save some money (but don't go crazy trying to save 30 cents) Plus accept you will win some and lose some when selling. Reddit automatically removes affiliate links so check before linking from Amazon. I'm a full time nurse and just do it as a hobby. I thought quitting flipping would relieve some of the stress and weight off my shoulders. I'm thinking about doing pc flipping to get even more money, and i'll leave my current pc specs below too. I am surprised that it really hasn't worked out that way. I would like to present the 8 levels of flippers / resellers. The key is to find goods that are highly desirable and worth enough money to make a profit after expenses. I will though counter the argument with the fact that if said user posts item specifics, there’s a good chance they know what they have and will be less willing to negotiate or take less than their ask- which kinda defeats one of the goals of shopping eBay to sell on eBay. You know what I mean 🙂 Anyway, I only put effort into things I'm 95% sure will return a profit with minimal effort. I flip watches fairly regularly. If you’re flipping with 1b, you’re human make closer to 5m/hr. A place to discuss tactics and success stories of buying things for a low price and selling them for a It might be okay for a side hustle, but would be pretty hard depending on you location and what other services you could offer. I am sure that there is a lot that I am missing, at 1. Some flippers go even deeper than this. It's not a simple niche, at all - probably one of the hardest to make consistent money in actually. Bubblewrap/Boxes: I make a weekly stroll through the office towards the end of the day and collect any items sitting at the recycle bins that I could utilize to ship my current inventory. 90% of the time I find boxes/wrap around the office. I know of 2 flippers who bombed at a storefront. You pay them 60% of the value, sure, but often a handful of pieces, that often sell very quickly, will cover the full collection value, and the rest is just profit. We’re thinking of starting to flip pop up trailers and campers (not RVs, just the trailer itself, that attaches to the back of an existing vehicle). Going to just keep dumping money in and out. It works for where I'm at in life now. true. Even if you make like 50m from flipping a single enchantment book, it's not worth it if it takes like 15 hours to fill up. You make your money on the buy. Are the days of flipping $10 electronics over? Yeah, for the most part, but did you realize that dogeared book is worth $300? Did you know that weird looking vinyl record is worth $700? Your best bet is to buy things low, here and there, things that will sell quick and flip them fast to come up with more money. When flipping houses you make money when you buy, not when you sell. The on-line ones attract both flippers AND collectors/end buyers, so you are actually competing with the people you eventually want to sell to. The best So there’s definitely money to be made in flipping cars, far more than a typical job can pay you in a day. But I do enjoy the occasional Starbucks workday. These factors are up to you and are an optional part of flipping for some. In a typical week, Jeff resells 20-30 used iPhones with a target profit of You can almost always make money off of something at Goodwill - it's fully dependent on your field of knowledge & level of expertise. Flipping is a job. Last summer I began to buy cracked cell phones, fix them, & flip them. Know the market. People don’t do it because it doesn’t progress your account, and like I previously said, it’s not the best money-maker until you have a sizable liquid cash stack. Basically the fundamentals. The only hard-to-come-by thing is a driveway. 3- Take into account the time it takes for your order to fill up. I'm having fun so I have started to explore what would make flipping worth while. I'm very spoiled when it comes to shipping. Flipping small items is really time-consuming work where you probably end up earning less than minimum wage when everything is factored in. 329K subscribers in the Flipping community. Indian Bikes Reddit community. Think about using flips as a way to gain rental housesif you can flip 6 houses per year and retain one or two, you’ll be building wealth and future passive income. I bought a large antique mantle clock standing at almost 3 feet tall for about $10 at an estate auction and flipped it for over $500+shipping costs. I make tons of money off flipping watches, the trick is sourcing them cheap enough to turn a profit. Finding deeply discounted items is the first step toward a profitable flipping business. Clearance Items. I haven’t really been open with this and I think that’s my first big mistake. Hey r/flipping. The movement in the flip should be all from your wrist. Flip what you find. essentially making almost $50/phone and it only took me 45 minutes to complete. How to prevent loss of money / items not to flip: You don't want to flip items with an ins/inb that is (way) above their ge guide price. After coming up with a lot of possible business ideas I happened to be in a Goodwill and it dawned on me flipping might just do it. they take up a lot of room, they are also prone to damage like mositure damage, mold, mildew, fixing, etc. I feel like I'm missing a great opportunity by ignoring 90% of the store which is clothes! But, I've always been a t-shirt and jeans kinda guy. This is known as Amazon FBA clearance arbitrage or retail arbitrage. Flippers sometimes lose money. Archived post. At least at first Polymailers and label sleeves: Amazon . 1. As such. If you find such an item, give it a quick inspection and leave it alone. However, If you put *any* energy into flipping you will generate a return. Flipping isn’t just about selling something and hoping to make a profit but research and ideas are a big part of it as well it plays a big factor in how much money you make and it’s what separates many people. Follow the hype. In most cases, that product ends up at a local liquidator that Since November 1, 2020, we've listed 3,021 items on eBay. Here are my results: My first step was to purchase some envelopes from Amazon (non-ref - see the bottom of this post for information on the Amazon Affiliate Program). There’s plenty of money to be made flipping. com you just have to send offers lower than the amount you can sell them for on that website. Find stuff that other people DO NOT know is worth money. I was at a self run estate sale. This is what I learned about car flipping after getting really good at it in one summer. Another flipping business that might be worth exploring is simply buying clearance items locally, and reselling them for a profit on Amazon. In my 2 years of flipping, I've never had to purchase these materials. The latter will require skills, tools, and time but can reap higher margins. You can’t flip what you can’t find. Obviously this wouldn't be a 'get rich quick' scheme per se, but more of a buy/flip/sell deal. Learn from your mistakes. 2- To make a lot of money, you better have a lot of money to start. 2 new listings per day. Take lots of small risks. Golden rule for flipping cards is CONDITION! Even if you have a highly collectible card, the condition will determine it's value. . Can you really make money flipping phones? To find out, I sat down with pro cell phone flipper Jeff Duhon from the Smart Flippers Faceboo k group. A friendly, supportive, inclusive, women-focused community where we share our own 7-day Money Diaries, money tips and stories, ask questions and just discuss money, life and R29 Money Diaries. Skip The Money Making Grind: Buy RuneWild Gold Tired of endless hours spent grinding for gold in RuneWild? It's time to break free from the monotony and embrace a faster, more rewarding path to success. Sniping is usually low risk and easy money, You don't get a discount shipping media mail, no one does. I’ve been with eBay since 2007, and these numbers (for me) haven’t ever really changed Get the Reddit app Scan this QR code to download the app now. r/beermoney has been great for a few bucks here or there, but it's not often that something comes along that earns you a lot of money. Motorbikes related posts here. They factor in mileage on their vehicle, gas costs, shipping supplies costs, and most importantly, time. I have flipped homes for a while, I tried to do it as a career after doing it on the side for a few years. Over time you can also improve that skillset to make even more money. Also check out your local Toys R Us, huge clearance sale on certain games/ accessories, some great titles you could flip. I could pick up an S3 on eBay for $75 shipped drop a $3. The best thing you can give someone is your time and attention so I want to thank you for your donation of time to me! :) This is a guide to teach you how to buy 2. It's not near as much money as I made before, but I don't work nearly as much either. First off, THANK YOU for taking the time to read my first guide. Long story short. Personally, if you want to get items from auctions to flip, you may be better off just going to local auctions in-person, rather than on-line. I had managed to turn about $4,000 in flipping profit over the first 40 or so transactions over a two-week period. 20 votes, 24 comments. I even reconnected with a high school friend who I used to tinker computers with who is flipping PC’s the next county over. If you make $5000 a month, you'll Having made a little more money than that on flipping videogames lately, I would add that one good way to make a lot of money in North America is buying off of collectors a whole collection. Rare cards, stars, autographed, graded, vintage - there can be some value. While the full-time promotion and increased wages cover the lost income from flipping, it felt better/different having that flipping money hit the bank account every week. You also don't want to flip items that only fullfill one of the three criteria I explained earlier. In my experience, I work in retail. I quit my job and took on a big flip (6 mos. I've been brainstorming on ways to increase my stream of income, and I've been thinking about the notion of flipping land - buying a cheap plot, cleaning up the property and then selling it outright for cash and/or a low finance deal. Look to hard money lenders. (I work from home, so this isn’t new to me. And that's a profit accounting for the time it takes you to repair, clean, photograph, and list the watch. These are called "sleepers" in the field of flipping. Or you have someone buying far fewer books and making no money when they think they are. Believe it or not, you can make meaningful money as a thrift store flipper. I only do it on my lunch hour and only one store. When you return a product to Costco, Amazon, or Walmart, it doesn’t always go back to the shelves. At this point It's easy to sit in analysis paralysis for days and weeks and months watching YouTube videos, reading this subreddit, worrying about losing money, the returns, bad customers, etc. But make no mistake, Well, you're making more than I am sitting on my ass making snide comments on Reddit, Hey, I’ve been flipping bikes for roughly the last 6 years in South Africa (basically only buy 1985 - 2007 ish two stroke MX bikes). [PART ONE] 1**. Often times you'll find towers with components that are mismatched, such as high end GPU with lower end CPU, and vice versa. Learn how to turn your passion into a money-making hobby. So far any money feels like bonus because it is stuff I would have donated/gave away before. Not literally. Ben Huber | DollarSprout. Look at trends. USPS already loses money on that. If you can, buy multiples at a time in order to fine tune builds. I just recently flipped a mountain bike I bought for 60 dollars 2 years ago, with minimal fixing. Your best weapon at these sales is your brain. I get your point. Someone who lists item specifics may not catch the eye of average rando eBay user. Surprises happen. This challenge often leads to unexpected expenses and diminished profits. Nearing the end of completing that big flip I started looking for another one, I looked at at least 50 homes and none were good candidates due So I've been flipping items for about a year with success. I'll be doing so again myself. They make their money by selling 1000's of books a day and making a profit of $1 or less on each. That thing has made me more money than any other video games subscription. I love building computers as a hobby, but is it worth it to buy a office pc, This is the definitive Reddit source for video game collectors or those who would like to start collecting interactive entertainment. It's not that easy. People say for house flipping you need to know people to get the work done dirt cheap to make money. I don't really see how people can make a decent chunk doing this. When your wrist is as high as it can go, the bottom of the bottle should be about halfway up the first half of its flip. I don't think I'd ever do it just for the money, there has to be some personal interest involved. If you have a driveway, you're in luck. Or check it out in the app stores I want to make enough money from freelancing, as a graphic designer, to not need any money from flipping. All things related to automobiles that move on two wheels. For example, a card rated 2/10 could be worth $5, the same card rated 5/10 could be worth $20, but the same card rated 10/10 could be worth $300. Chances are that they will drop and you won't be able to sell them at all, thus losing money. Can be illegal or not, just need a way to make money fast and am willing to do anything for the quickest return. rkvkbir pcm qdo gwhd nmdepvth ezld dakhw rrtqz gsjfkxd czlv