QUOTE(Mikey914 @ Oct 4 2019, 09:46 PM)
How do yu make a small fortune in the parts business. Start with a large one.
Yes Bay area real estate will force these places to close eventually. When you can make more on passive income than running a business.
Yes there is money to be made in the long game, but it is speculation as to how much.
When buying and selling 356 and early 911 parts we have it down to a ratio that works.
1/3 of the stash sells in a year
1/3 of the stash sells in 5 years
1/3 of the stash you will die with
1/3 of the stash pays for 2/3 to all of the buy price
1/3 of the stash is the gravy over the next 5 years
1/3 you can make art with
So when you go look at a stash you have to see enough good parts to make these ratios work. If it's all heavy greasy hard parts, it's a no go. Like when someone shows me a garage full of old used engine stuff, I tell them I have several rooms of that stuff overflowing, and it doesn't sell. But when a guy has a pile of NOS wheels to go along with the stash, you're onto something. Here is an interesting article I wrote about buying parts, it even has a shout out to Scott!
https://unobtaniuminc.wordpress.com/2014/07...sche-barn-find/