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Follow on Google News | Brenton Eugene Lemmond - Fixing cars and motorcyclesBrent understands how fixing up old bikes or cars and selling them is lucrative. For instance, If you head up to his dealership shop with a Suzuki SV650 that has flat tires, dead brake pad, and no battery, he would quickly take it up for $650. He will then remodel the same bike by adding a new set of rims and patching up a few parts and repaint with a funky color. When it's done, the same bike can be sold at more than $2700. The price is more than five times the initial investment made on the motorcycle. Such an investment can't be equated in terms of rate of return on any stock market investment. What made him venture into this business is the fact that sale price on parts and bikes is mostly fixed. Keeping this in mind, he saw a way of making more money by flipping bikes. Every business comes with its set of challenges, and the same goes with flipping cars and bikes. Brent Lemmond points out that bike takes time before they can sell. In so doing, the prices drops as it sits in the garage. That said, however long the bike stays before it's sold, he always gains substantially from his investment. https://www.brenteugenelemmond.com/ End
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