04/19/2019 at 2:31 pm #60523
Hi all! I’ve been listening to the podcasts for probably two years now and finally decided to join in over here.
I am from the US but live in Mexico full time. I buy and sell both down here and in the US. I’ve been selling on ebay since the late 90’s on and off. For ebay I will buy and sell just about anything, but have been concentrating more on vintage costume jewelry lately. I tend to buy big lots of stuff and when I get up to the US keep busy doing all my listings when we arrive, it usually makes for a hectic few days. We like to get up to the US a few times a year, usually during yard sale season. While I am not there my parents, who are retired and also sell online, help with shipping items for me and receive a cut of profits for their effort.
Down here in Mexico I do some retail arbitrage from amazon to Mercadolibre which is like a Spanish version of Ebay. I’ve been selling on mercadolibre for probably five years and had some good success. I also got involved with buying at government auctions down here and have found some really great stuff over the years. In general down here I deal with much more new in box items than vintage stuff, just seems to be what the market wants…
Just wanted to say Hi to everyone and introduce myself!
04/19/2019 at 6:48 pm #60527
Welcome Scott. Are you retired in Mexico? I know that’s become popular for Americans lately.
04/19/2019 at 7:16 pm #60528
Nope, too young to be retired quite yet… I originally came down here because i saw opportunity to buy older colonial homes and fix them and flip them, mainly to other foreigners who ARE retiring down here. The market has been up and down over the years but it has worked well for me. Lately I have tended to take my time, fix up a house, live in it for two years and sell, just as in the US if you live in a place for two years before selling it is considered your primary residence and the gain is not taxed…
04/19/2019 at 7:24 pm #60530
Cool. Never thought that would be viable in Mexico.
–So do you make a fulltime living from flipping houses?
–Does the profit from one house every two years hold you over?
04/19/2019 at 7:39 pm #60532
That pays well but that kind of goes in to other investments, but my day to day money comes from selling online.
Buying at government auctions here is where the best stuff for resale comes from for me. I just bought a decent lot of stuff, three pallets worth that i can go pick up in bout three weeks, some REALLY nice stuff in that lot…
04/19/2019 at 10:08 pm #60541
That’s interesting. What kinds of things can you buy at a Mexican government auction? It’s all new in box?
04/19/2019 at 7:56 pm #60533
Jay, our cost of living is pretty low here for a decent standard. Neither my wife or myself are in to big flashy/shiny things, and we own our house and cars outright. I am extremely adverse to taking on debt, played that game when i lived in the US and really don’t want to get in to that again…
04/19/2019 at 11:12 pm #60542
Jay, The gov auctions here can be anything from vehicles to properties to just general merchandise. I go for the merchandise, it could be stuff that was sent in to the country via say Fedex and there was duty do and the owner abandoned the items instead of paying the duty due or items that may have just been in the same container as something bad, you ever really know.
I have gotten lots that are all mixed up with luggage, to toys, to airguns, sporting goods, etc. I just bought two lots and inspected before bidding, it is all online so I had to travel a few hours to be able to inspect in person because the pictures they include are less than ideal and the descriptions they put on the list are poor also.
A few lots ago there was just a line item of 10 kg of toys, they turned out to be original Batman Bushida figures, sold those for something like 300 bucks each…
The lots i just won have everything from a NICE guitar to airplane parts, going to take some research to move those hahahaha…
06/13/2020 at 3:09 pm #78390Steven SParticipant
- Location: South Dakota
Hey Scott, thanks for the information you’ve provided about living in Mérid.
I’ve often considered retiring to central or South America, I’ve been to Uruguay and Argentina and just love the people and culture.
I may look into Mérida further, sounds like you have a good thing going.
I’m about 8 years out from retiring if I wait until age 70.
Looks like I could live comfortably on SS alone.
- You must be logged in to reply to this topic.