# Bought A new ride today.1 of 4 for the yr is complete

**URL:** <https://forums.speedlife.net/t/bought-a-new-ride-today-1-of-4-for-the-yr-is-complete/15306>\
**Category:** NYSpeed Automotive\
**Created:** [July 31, 2006, 8:09pm UTC](https://forums.speedlife.net/t/bought-a-new-ride-today-1-of-4-for-the-yr-is-complete/15306 "2006-07-31T20:09:25Z")\
**Posts on this page:** 1\
**Showing post:** 21

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**Author:** ![Xander](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/xander/32/7597_2.png) [@Xander](https://forums.speedlife.net/u/Xander)\
**Post date:** [August 1, 2006, 11:30am UTC](https://forums.speedlife.net/t/bought-a-new-ride-today-1-of-4-for-the-yr-is-complete/15306/21 "2006-08-01T11:30:42Z")

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> [@MikeRi24](#):
>
> i’ve heard the thing to do is buy auctioned off houses for dirt cheap, put a little money into them and then sell for profit.

Yeah, but if you don’t know what you are buying, fixing it up for a little money, can turn into a lot. Look at those House Flipping shows, they get mad when you go overbudget, and those houses are usually 5 times the value of the houses of the same size around here.

Think $500,000 house, costs $80K to fix up, you’ll get it out in the re-sale.  
around here the same house is $80,000, and then costs the same $80 to fix it up, you’re gonna have to sit on it for a good ten years to wait for the value to go up.

Home improvement costs are the same around the country, but the price of the houses are a different story.

Basically house flipping is a real winning game in WNY.

X…

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