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Tractor Talk Discussion Forum

fixer up buisnes

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james in mo

05-03-2007 08:59:56




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i am a young man interesed in fixing up tractors. i have thout abough buying junk tractors fixing them up and selling them. could i get my parts money back out of it or not. not realy looking for a profit just enjoy working on them. BTW not realy looking for any particular modle or brand.




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cat236

05-05-2007 03:26:57




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 Re: fixer up buisnes in reply to james in mo, 05-03-2007 08:59:56  
Steve from MO please contact me as I may be able to help you... Repairing and selling old tractors is a viable business. I must disagree with most in that there is a potential for a reasonable side income to be made.Lots of "non-agri wise" suburbanites moving out of the city to have theyre five to ten acres and no clue as how to maintain it. Most are so overburdened by debt a used tractor is the only option.You will still need to maintain a full time job because these types of sales are seasonal.Be prepared as well for the type of person who typically would be looking for equipment like this, BUYER BEWARE,AS IS.You gotta consider the genuine "farmer" is most likely not going to fall in this demographic as Dealers,farm sales and auctions are theyre primary source for such purchases.Talk to Austin sales in Harrisonville he operates a salvage yard and sells some used tractors.If this is a passion of yours I would encourage you to pursue this.Dont get discouraged naysayers have been around longer then the antique tractors we enjoy.

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steve from mo - dangit!

05-04-2007 09:36:57




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 What part of Mo? in reply to james in mo, 05-03-2007 08:59:56  
I need someone to work on garden tractors.

By the time I load them up and take them to someone to fix, then pick them up and bring them home, then take them back again and/or fix properly the things that were missed, I am better off doing it myself.

I am ok but not a great mechanic, it's the transportation and thoroughness issues that cause problems for me.



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MLD

05-04-2007 09:25:22




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 Re: fixer up buisnes in reply to james in mo, 05-03-2007 08:59:56  
Depends on how detailed you want to get & what you can find. If you can find something cheap, get it running, you can profit. If you buy something running, try to restore it like new, I doubt you will ever get all your money back out. A good example is a $500 nonrunning Farmall H my cousin bought, new battery, cables, switch, replaced a stuck valve, sold it for $1200. About doubled his money to find something else to buy.

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RickL

05-04-2007 06:00:54




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 Re: fixer up buisnes in reply to james in mo, 05-03-2007 08:59:56  
I fthats what you really want to do than go for it, its your life not all who have comented including me. Doing it for other people thou would be my suggestion along with what you have in mind. You will make more that way then you buying and selling in most cases. You could also branch out into just parts also. I do it in my shop and assemble new equipment for dealers,along with selling new used and antique equipment. Haying is major crop for me now and has been much better income than the tradition corn bean thing. I set my price not what the elevator does. You can do this also set your price. Remember thou dealing with the public can be an EDUCATION IN ITSELF. Word of mouth makes or breaks any small business. If you are good at it you will be fine if word gets out do cobble up work then it will be tough. Ask yourself these questions, am I good mechanically,can I paint and have a very nice job when done. I have sevral friends who do this and some can paint and some can't. Some are mechanics and some you would rather not have them do it. they both make go of it as they found out what they are good at in the area of the old tractors machinery etc. the one who was not good mechanic just parts thing out sells that way. one just paints now and he is good at it. Go for it is what I am saying,you will learn what I talking about in the public. VERY IMPORTANT PAY POLICY. CASH CREDIT CARD ONLY. If you do take check keep the tractor till it clears ONLY Good luck

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B-maniac

05-04-2007 20:30:10




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 Re: fixer up buisnes in reply to RickL, 05-04-2007 06:00:54  
If you recieve money for services rendered by doing work for others make sure you are registered with your state as a repair fascility and have a sales tax lisc. and your zoning dept's OK because some complaining neighbor or unhappy customer will make your life a living hell and set you up for possible fines from the state. You don't really know people 'til you start charging them for your time and materials. You would be surprised how that changes some so called "friends" into something quite different. Better be liscensed or you don't have a leg to stand on when they call the "state" on you. Even if you are "right" you are "wrong"!!!

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Walt Davies

05-03-2007 19:11:22




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 Re: fixer up buisnes in reply to james in mo, 05-03-2007 08:59:56  
Let me tell you a short story about my Lawn tractor. The darn thing threw a rod out the side so they put in a new engine cost about $2200 then the shafts that hold the blades in place on the deck went out that cost about $800 a few other parts and we were well over $3000. The lawn tractor sells new for $1200 at Sears. Still want to get in the business of fixing up old tractors and such.
Walt

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Tim, Ohio

05-03-2007 17:25:37




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 Re: fixer up buisnes in reply to james in mo, 05-03-2007 08:59:56  
James,

Everyone's comments here make sense, but they do not address your desire to do something you enjoy. Here are
my thoughts: It is not likely you will make much if any money unless people give you free tractors
and lawn equipment to fix up and sell. Even then,
you will not have much of a profit for the cost
of parts being so high. Now, if you can use old
salvaged parts to fix up another tractor or lawnmower you might do a little better. But, you have to face the fact there really is not much money in it. On the other hand, if this is truly a hobby and something you will enjoy then go for it. It makes sense to sell them to get most of your money back out of them. You also can place some value on the experience and knowledge you gain from all of your tinkering. Afterall, it is no different then homeschooling or being self educated. Make notes, keep a journal with both monetary figures and information about what you learned. You can look back at it with a better understanding of what you have accomplished.
For what it is worth, I wish I had done more of this sort of thing when I was a kid. Now, as an adult I have all the money to spend on tinkering
with very little knowledge, but about 1/10 the time. Remember, this is just my .02 cents worth.

Good luck,

Tim, Ohio

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Vito

05-03-2007 15:00:06




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 Re: fixer up buisnes in reply to james in mo, 05-03-2007 08:59:56  
Unless you have alot of money don't bother.It is a fun and rewarding HOBBY.Definition :Enjoy it but don't expect to make any money at it.



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Dave from MN

05-03-2007 13:42:33




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 Re: fixer up buisnes in reply to james in mo, 05-03-2007 08:59:56  
Can you make money, sure. If you want a small business I would not recomend buying , fixing, and reselling. You'll never make a decent living at it. Get a education, make sure you get some Small business educationa also, if that is your passion. Larger newer equipment will get you the biggest bang for the buck, unless you have access to alot of very rare machinery. I thought about the same thing, but I have a good steady income coming in already, too many people trying to get into the same thing so older machinery is going high, which really will leave me no profits, so I am doing as a hobby. If you really want to fixing up, do it for others, they buy it, they bring it to you and they pay you alot of money to do something they cant. Then you do not have to worry about paying too much, not being able to sell what you have lots of $$ invested. You can set your prices compared to other s in the business, focus on quality, so word gets around that you are the guy to go to. Any way you look at it, you need an education for anything these days.

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Vern-MI

05-03-2007 13:15:33




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 Re: fixer up buisnes in reply to james in mo, 05-03-2007 08:59:56  
Go into politics instead. All you have to do is flap your gums about how bad the other party is and the population pays well for the service. Oh and you get to set your own pay, vaction time and when you retire after a couple of years you get your ending salary as a pension along with cost of living and the best heath care in the nation.



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Allan In NE

05-03-2007 13:03:49




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 Re: fixer up buisnes in reply to james in mo, 05-03-2007 08:59:56  
Might as well grab a bar of soap 'cause you're getting ready to take a bath. :>)

Allan



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NEsota

05-03-2007 12:21:22




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 Re: fixer up buisnes in reply to james in mo, 05-03-2007 08:59:56  
Get all the education you can afford to pay for. Making money, though you said you did not care,fixing up antique tractors is like owning a milk cow that sucks herself.



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Jrry

05-03-2007 13:44:34




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 Re: fixer up buisnes in reply to NEsota, 05-03-2007 12:21:22  
About as good a discription as there is.



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Blue3992 (N Illinois)

05-03-2007 11:24:39




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 Re: fixer up buisnes in reply to james in mo, 05-03-2007 08:59:56  
Search around on this forum, I know that subject has been brought up several times. From what I remember, it seemed like most folks figured that resotring and selling tractors was at most a break-even proposition.

Now, if you've got a truck, trailer, large barn/shed and a good set of tools, I bet you could make money by buying up old tractors and parting them out. Same goes for cars.



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old

05-03-2007 10:02:21




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 Re: fixer up buisnes in reply to james in mo, 05-03-2007 08:59:56  
I do that off and on. You never really make much doing so and they way things are going right now with gas prices etc. Its even hard to sell a tractor. I know I've been doing what your thinking about for the past 5 or 6 years and have a good number of tractors because of do that and none are selling right now. At least your not close enough to me to edge in on my business LOL

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hay

05-03-2007 10:02:13




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 Re: fixer up buisnes in reply to james in mo, 05-03-2007 08:59:56  
if you can get hired on at a tractor dealership (any brand) and get enough solid experience, then doing a "fixer uppper" business on the side will be much easier and profitable. if the side business is slow, the day job can hold you up finacially and maybe even buy parts at a discount(?). word will get around eventually if you are willing to burn the midnight oil to work on the side. you do need good solid business sense and mechanical ability and a friendly attitude toward customers. good luck.

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Formerly PaMike

05-03-2007 12:56:53




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 Re: fixer up buisnes in reply to hay, 05-03-2007 10:02:13  
Dont confuse fixing other peoples tractors with buying,fixing, and selling your own tractors...I think fixing other peoples tractors can be a good side business. Buying and fixing your own tractor is a risky tough business...



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edj856

05-03-2007 09:58:54




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 Re: fixer up buisnes in reply to james in mo, 05-03-2007 08:59:56  
I buy, fix, and sell tractors and make money at it. You just have to be patient to find the good deals. Try to avoid anything that hasn"t run in a couple years. The best selling tractors are the ones with front loaders and 3 pt. hitches, smaller tractors with mowers, such as a Farmall A or Cub, and then tractors with just a 3 pt. hitch. Sometimes, you can make more money buy finding a tractor in a hedgerow, offering a couple hundred dollars, take it home and resell it without ever touching it and selling it for double what you paid. There"s money to be made, you just have to find the deals.

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jmixigo

05-03-2007 17:04:58




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 Re: fixer up buisnes in reply to edj856, 05-03-2007 09:58:54  
I've made money at it as well, like edj856 says though you can't make money by being a good mechanic on what you buy. You won't make more by being a slick salesman. The only way to come out is by being a smart, tough, informed buyer. A pocket full of cash is yore best tool.



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Ludwig

05-03-2007 10:18:07




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 Re: fixer up buisnes in reply to edj856, 05-03-2007 09:58:54  
Absolute best is when you can get 'em for free. I got a snowmobile for free once. Cost me $20 to get it running and I sold it for $500.
Now that doesn't take into account the one I bought for $350, put $100 and sold for $350 or the one I bought for $75 bought $50 in parts I never installed and sold for $65...



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RustyFarmall

05-03-2007 09:19:08




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 Re: fixer up buisnes in reply to james in mo, 05-03-2007 08:59:56  
Here's how it works. You might be able to buy a tractor that CAN be fixed for around $800. The new parts, tires, etc, will cost around $1,500 to $2,000, and when you are all done, you will be able to sell that tractor for about $1,500 if you are lucky and not in a hurry to sell it. You would be much better off to attend a tech school, learn the trade, and then work on tractors for other folks. Good luck, it's a tough world out there, but if you are determined enough, you will make it.

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nailgunmt

05-03-2007 15:30:57




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 Re: fixer up buisnes in reply to RustyFarmall, 05-03-2007 09:19:08  
ok...get up in the morning, burn 5 $20 bills, and slam your hand in the car door. Now you are in the antique tractor business.



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supergrumpy

05-04-2007 07:33:51




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 Re: fixer up buisnes in reply to nailgunmt, 05-03-2007 15:30:57  
AMEN



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