- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Buying guns just to make money? (not related to politics)
Posted on 1/25/13 at 10:26 am
Posted on 1/25/13 at 10:26 am
Just wondering if any of you, or how many, ever go through Gunbroker, or maybe a local store, just to see if there are any deals where you could buy the gun and then sell it for a profit? I was wondering if this is at all common or even feasible.
What got me thinking about it is the NHC GRP Recon I bought a couple months back now for ~2700, retail is ~31/3200 I think. Not saying I could have flipped it for that, but buying a gun just to turn around and sell it for 3-500 more would be a nice way to make some extra cash.
So, anyone pick up some extra spending money doing this? I don't really see anything wrong with it as you wouldn't be gouging prices or anything.
What got me thinking about it is the NHC GRP Recon I bought a couple months back now for ~2700, retail is ~31/3200 I think. Not saying I could have flipped it for that, but buying a gun just to turn around and sell it for 3-500 more would be a nice way to make some extra cash.
So, anyone pick up some extra spending money doing this? I don't really see anything wrong with it as you wouldn't be gouging prices or anything.
6
Posted on 1/25/13 at 10:28 am to Tom288
I think it would be extremely rare to find such a good deal that it would be feasible. Maybe flip one for 50 dollars here and there but thats about it
Posted on 1/25/13 at 10:29 am to Tom288
Pretty sure it's against ATF regs to buy a gun that you plan to sell for profit without proper licensing.
This post was edited on 1/25/13 at 10:31 am
Posted on 1/25/13 at 10:30 am to Tom288
Never done guns, but I do it with fishing reels and rods. Academy had left handed revos on a big sale a while back, I bought two (not left handed) sold them both for just over the retail price of one, bought a right handed revo for myself, and had some $ left over. Someone got a good deal on two new ones, and I got a free reel. I don't do it all the time, but if I come across a good enough sale I will grab a couple of whatever...
Posted on 1/25/13 at 10:33 am to Glock17
quote:
Pretty sure it's against ATF regs to buy a gun that you plan to sell for profit without proper licensing.
This may be true but there are lots of guys profiteering right now. I know a fella that has flipped a few dozen polymer AR lowers in the past month and averaged $100 or more profit on each one of them. The few guns he's assembled have sold for twice what he has in them.
Posted on 1/25/13 at 10:35 am to wiltznucs
quote:
This may be true but there are lots of guys profiteering right now. I know a fella that has flipped a few dozen polymer AR lowers in the past month and averaged $100 or more profit on each one of them. The few guns he's assembled have sold for twice what he has in them.
I'm sure a lot of people have made money, especially the past couple of months, but the last thing I'd want to do is get caught up doing something like that by the ATF..... they tend to frown upon that kinda behavior.
Posted on 1/25/13 at 10:39 am to Tom288
quote:I have.
Just wondering if any of you, or how many, ever go through Gunbroker, or maybe a local store, just to see if there are any deals where you could buy the gun and then sell it for a profit?
However I don't do it with guns. Just ammo/accessories. Flipping guns just to make a profit is illegal I think
This post was edited on 1/25/13 at 10:41 am
Posted on 1/25/13 at 10:42 am to Tom288
I bought a CMMG 300 blackout didn't like it so I sold it a week later for a good profit
This post was edited on 1/25/13 at 10:43 am
Posted on 1/25/13 at 10:49 am to Tom288
If the ATF determines that the sale is a straw purchase, the seller can get up to 10 years in jail if convicted.
Posted on 1/25/13 at 10:53 am to MaroonWhite
Yeah, I didn't mean I want to turn it into an enterprise or anything. Just if you see a good deal go ahead and grab it. If you're not happy with the purchase after a week or so try to sell it.
Just a thought, though. I like ways to earn extra money without having to do much as long as jail isn't involved.
Just a thought, though. I like ways to earn extra money without having to do much as long as jail isn't involved.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News