New Scrapper: Balancing the start up budget. tools, gas, etc

To the OP I have to say, I think you did it a little backwards.

Unless the tools were absolutely needed it would have been better to go to the yard first, then buy the tools after your payout.



If you continuously buy tools and such and "hope" to get your investment back, the road you are traveling could turn out to be the loongest road you have ever been on.

And as far as buying scrap goes, it is a really good way to make more money.

I could spend $200 on 50 towers and double my money in a few days, or i could spend $200 driving all over town for a week, looking in dumpsters and find maybe 20 towers.

Buying scrap is a really good way to make a quick easy flip on your investment.

Of course i started with only "free" stuff and put back 50% of my profits for tools and such, which led to having enough cash to start purchasing auctions. I still put 50% of my monthly profits back into my account for buying power and it has allowed me to buy more and more. Now i dont necessarily have to flip one auction to be able to buy another. I can do 3 or4 a week if the price is good enough.

Originally Posted by 41haikuwarriors

To the OP I have to say, I think you did it a little backwards.

Unless the tools were absolutely needed it would have been better to go to the yard first, then buy the tools after your payout.

If you continuously buy tools and such and "hope" to get your investment back, the road you are traveling could turn out to be the loongest road you have ever been on.

And as far as buying scrap goes, it is a really good way to make more money.

I could spend $200 on 50 towers and double my money in a few days, or i could spend $200 driving all over town for a week, looking in dumpsters and find maybe 20 towers.

Buying scrap is a really good way to make a quick easy flip on your investment.

Of course i started with only "free" stuff and put back 50% of my profits for tools and such, which led to having enough cash to start purchasing auctions. I still put 50% of my monthly profits back into my account for buying power and it has allowed me to buy more and more. Now i dont necessarily have to flip one auction to be able to buy another. I can do 3 or4 a week if the price is good enough.

I kinda thought about that, but then figured these were tools i should probably eventually buy anyway, but all have been truly helpful in getting started, only thing i think i could have done without was the security bit set, and maybe the pry bar. Everything else I use practically everytime i go out. I really dont plan on buying any other tools for a while unless something breaks, or gets lost. I just needed those basics to get started so i dont have to bash everything with a hammer to get the goodies out.

I WOULD LOVE to just buy scrap like computer towers and other items i could flip, or scrap out. I just havent gotten that far as far as finding auctions etc, PLEASE POINT ME IN THE right direction. I really want purchase cars and scrap them, but that definitely requires a truck which i am trying to build up to getting.