I transferred money from my bank account to the equity in my home; from an assets and liabilities standpoint, that's no different than transferring money from your checking account to your stock account. Spending money is depleting assets. Now, the closing costs were real expenditures and totaled around $4k, but I'm pretty sure I was still under $30k for the year. Definitely my most expensive year though.
This is a valid point. The reason is that there is a manual process of getting the book shipped and then shipping it. This cannot scale very well. I can may be trade 50 books a day but that is the upper limit. I don't want to invest too much time into something that can't scale. By opening it up to the world with a monthly membership, I can take a vacation and still make money from this.
Who takes the risk of buyers not paying and sellers not delivering? What about the risk of prices changing in the middle of a flip? I'm afraid I know the answer already...
Since you are buying and selling from/to businesses instead of people, there is a low chance of things going wrong.
You sell the book first and get a quote. The quote is good for at least a week and in a decent number of cases for 30 days. As long as you can get the book shipped to you within that time period and ship it to the buying website, you should be good.
I understand the skepticism and that is why we have the free plan to test it out at low level.
I'm curious about this. Are you saying the 'places in Chicago' looking for programmers to build systems to facilitate trading or is it that OP could become a trader himself with that skillset?
Do you actually have an argument ? Do you actually have a contribution to make to the discussion ? Can you not see the claims being made here ? Can you actually argue one way or another, or is this discussion simply off-limits because anyone has any opinion whatsoever?
Is it essential that I add "I read this from some place" ?
I deal with this issue on a personal level; the least you can acknowledge is that it hurts for me to have internalized assertions I clearly did not dream up or produce myself.
