I laughed at Brooke’s comment on my Friday Favorites blog post. “What’s a turn over truck?”
Honestly, I kind of made that term up because I don’t know how else to describe what my man does. He buys things cheap at auctions, garage sales, through Craig’s List, etc., etc. Then he turns them over and resells them to make a profit.
In case anyone wonders, I’m not making this up! He has made money doing this. Not enough to quit his day job but enough to provide some extras.
Usually, Chad does this with a goal in mind. Right now, we have a big 5th wheel camper that is paid for and we all love it. We have a F350 diesel dually crew cab to pull camper (big camper = big truck). We also have big kids. When we bought the truck six years ago, we had little kids. Now, Eric is within an inch of being as tall as me and my little kids are turning into big kids (big kids = big truck). We need a newer big truck to fit our big kids and pull our big camper. So, my husband has gone to “work” and has goal of buying and selling to make the cash to buy “new” truck with cash (I love him for this! We worked hard and long to pay off debt–don’t want to go back to that!!).
When Chad bought my red F150 last summer, he bought it at an auction below Kelly Blue Book value. Then he sold it on Monday and made a profit. Tuesday he bought “new” truck below value and we are hoping to make a profit on this too… thus his goal of turning over vehicles until we have the cash we need to buy a “new” big truck that will pull our camper and be much more comfortable for the kids to ride in.
So… in answer to Brooke’s question… a turn over truck is one that I can not get attached to because it will be sold to make a profit. Maybe I should have said “flip truck” like a “flip house”.