I've finally manned up and started the flipping. For some wierd reason I've been moving toward luxury items. The allure keeps snatching me until I can figure out some cheaper higher margin items. Hey, gotta pay the costs to be the boss right?
Bought a Gold and diamond Movado watch for 900$ off Craigslist. Flawless, but quickly found out the resell value of movado specificially is terrible due to the economy. Long story short I unloaded it on Ebay for 1250. After fees I walked away with about $250. Not bad for a first time. I rolled those profits and I jumped down to a $475 purchase of a lot of 18 luxury handbags (coach, burberry etc.) that were returns to Nordstrom. I have a potential profit of up to $2500 of those. I hope to net at least $1000 for a profit of ~$500.