The best money may be getting hired out to work on other people's stuff. The bad thing about a restoration of a common tractor is that you quickly spend more on parts than the tractor will sell for if it needs much work.
When dealing in old cars or tractors the bigger money is in rare items that are worth a premium when done. You can spend nearly the same time and money doing a 1 of 100 or a 1 of 30,000. The initial cost of the project will reflect the rarity, but the payback will be greater.
This all depends on your ability to find cheap projects to start with and the ways to have your own junkyard or parts supply. The auto rebuilders I know do well but they have well-heeled car owners paying them to work on the car. I know the projects that they have built to try to make money on ended up selling for a loss while taking up shop hours that could have been billed out!
It is a special person that has the mechanical talents so keep working on them. You can make money if you watch every penny spent.
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Today's Featured Article - A Farmall Story - by Ed Meadors. The year was 1978. Our young family had recently moved to rural Chesapeake, Virginia to a plot of land which would finally allow us to realize our dreams of a huge garden, critters and more lawn and pasture than we would ever use! We needed a TRACTOR; not a riding mower or tractor wannabe, but a real TRACTOR. The answer to our needs materialized in the form of a '44 Farmall A, complete with cultivators, discs, single plow, a 5ft.Woods belly mower and one, mounted spare 9.00x24 rear wheel.
... [Read Article]
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