(03-05-2012, 08:56 PM)jacobystealshome Wrote: 5k is the upfront capital to spend. if you dont have at least 5 grand to spend on supply upfront, you cant keep ahead enough. also, when you first start out, you dont have contact with wholesalers, so your profit isnt as big as it will be down the road - you buy at higher prices.
the more money you have, the better your ability to bulk in bilk or wholesale. 5k is the minimum, but ideally, you want 15k-20k
clean supply lines: you need to have supply coming in all the time. if you cant find good supply for the right price, then you cant make sales. having the right contacts is key
you can turn a marginal profit by buying on ebay and flipping it, but not very much (and you have to know HOW to search ebay for deals)
Thank you so much!