franklinair
Well-known member
- Joined
- Mar 1, 2007
- Messages
- 4,744
Marty;
Don't know if I can offer advice in 'flipping' cars, as that has never been my intent. To me that would mean doing it with a profit motive in mind, which is not what I do. My pleasure in this hobby is the actual rebuilding/refurbishment of Mustangs, not necessarily the driving aspect. I've lost count of how many '68's I've done over the years (since 1973+/-). GT/CS's only came to my attention in 2007 when I bought one through an estate sale.
When I do find a viable candidate for restoring I just save all my receipts so I know my total expenditures/cost. If & when I sell it, I only attempt to recoup my costs (not counting labor- that's the hobby aspect). I consider it as a hobby that pays for itself. No profit or financial gain intended. (Just mental therapy.):smile:
I am loath to take on a project FOR someone, as then it becomes a job instead of a hobby.
As far as your project goes, I would only suggest being aware of current market values versus costs- and hopefully make a profit.
Neil
Don't know if I can offer advice in 'flipping' cars, as that has never been my intent. To me that would mean doing it with a profit motive in mind, which is not what I do. My pleasure in this hobby is the actual rebuilding/refurbishment of Mustangs, not necessarily the driving aspect. I've lost count of how many '68's I've done over the years (since 1973+/-). GT/CS's only came to my attention in 2007 when I bought one through an estate sale.
When I do find a viable candidate for restoring I just save all my receipts so I know my total expenditures/cost. If & when I sell it, I only attempt to recoup my costs (not counting labor- that's the hobby aspect). I consider it as a hobby that pays for itself. No profit or financial gain intended. (Just mental therapy.):smile:
I am loath to take on a project FOR someone, as then it becomes a job instead of a hobby.
As far as your project goes, I would only suggest being aware of current market values versus costs- and hopefully make a profit.
Neil