Discussion in 'Garage & Workshop Forum' started by havasu, Jan 14, 2018.
Talk to him halfway through in hopes he needs cash flow
Honestly, since he is a general contractor specializing in ADA compliant apartments, he said he was planning on walking away with about $8M for this 6-9 month build.
Must be nice but I don't believe him.
You might be right. He just be trying to BS a neighbor.
We have a guy in town that has made a fortune in plastics and then real-estate. He has a car collection as nice as Jay Leno and has built buildings that look like museums to show his cars in that are not open to the public. He views them as a hobby but also an investment. I have met him a few times thru a friend. He sells a car once in a while and buys 3 more to replace it. He mostly sells something he’s not attached to, but he never gives anything away.
I always figure it the same way if it is a toy or a home I’m looking to buy. You need to first think if you have a desire to own it and then not try and figure out what it is worth but what it is worth to you. Like a diamond ring. To me it is a stupid waste of money a tiny shiny stone that you can buy the same thing man made for a fraction of the cost. Then on the other hand women view it in a total different way some of us have trouble comprehending.
Something like a hot rod falls into the category that most men find the value in it and most women think spend the money on something new that has AC and heated seats and on star.
Now I can see me going up to Chris’s junk yard and getting excited about a few of those old trucks rusting away there. Would love to find one of them and transplant a diesel into it.
I'm a contractor that installs one of the highest paying trades and I'm not rich. I think if he was making that kind of money he wouldn't be living in your neighborhood. He would have a big custom home somewhere
Kinda like my international with a Cummins? Can't wait to have time to finish it.
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It has also been my experience that you can be money ahead if you buy instead of build.
Almost always more money to rebuild them than what they are worth in a sale.
A 70% - 90% car seems to be the best bang for the buck and fix to your liking.
I have a long term project similar to Chris's that I just started to knuckle down on because it has been too long. And probably would have been cheaper to just buy it
Good thing about building your own is that everything is exactly how you want it. Unless what you want is better than you can do
I would also add that the real tricky thing about Hot Rods is that they specifically have become much less popular lately and as a result if you like them can be picked up for a fraction of what they cost to build.
Just a testing of notifications.
Did you pass or fail?
Remains to be seen.
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