Sorry, I hate to be this guy. But doing that might be the biggest ass hole douche bag move I have read on INGO. You want to go and ream a fellow gun owner out of his own money? I understand people are buying things at stupid high prices. But I wouldn't dream of selling any of my guns at a hyper inflated price, just for fun.
That's a ass hole move. I would never go out of my way, or purposely scam another gun owner like that. Just my $0.02
Are people acutally even buying the marked up ARs and AKs?
I want to be clear that I do not plan to do this given it could even construed as illegal. That's why I asked. I figured best case scenario I would make $400 on two guns less gas. Simply not worth any criminal risk.
It is called trafficking. Buying with the intent to sell. I have zero problem with anyone that can make a buck. But If caught it will at best ruin your day. At worst? My friend was standing in line at 1500 one year and guy next to him bought a 10/22 for cheep from a line waiter. He got inside and someone offered him double what he paid for it. (ATF sting?) he got a shiny new pair of bracelets to borrow and a free ride downtown. After that I do not know what happened.
Just saying. Skirting the law is a personal thing. Your an adult Presumably, your choice. Make sure you do not skirt the law by going 56mpg in a 55mph zone on the way there. But your chicken has flown the coop as they say. So I advise against it.
You do realize the BATFE makes the rules? The key is "in the business". That requires profit. Please google Randy Weaver and see if you want these guys hanging around your house. No malice intended. Just go to the BATFE website and check out the FAQ. I think it is titled "do I need an FFL".I'm gonna have to call B.S. on this. This question has been asked repeatedly, and no one has ever produced any actual state or federal code that makes what you just described illegal. I don't know what your friend actually did to get detained, but I find it hard to believe that it was related to the transaction described here.
You do realize the BATFE makes the rules? The key is "in the business". That requires profit. Please google Randy Weaver and see if you want these guys hanging around your house. No malice intended. Just go to the BATFE website and check out the FAQ. I think it is titled "do I need an FFL".
If buying low, selling high is illegal. Then everybody with a 401K is a criminal. As long as your not selling to a known felon, whats the big deal?
I have scoured the ATF website for a half hour and have turned up nothing even hinting at this scenario. I'm sorry, but until someone produces actual law from the ATF that says that this is illegal, I'm not going to concede this point. The only people who have produced actual laws have confirmed the belief that occasionally buying firearms with the intent to sell is not in any way illegal as long as it doesn't make up a significant percentage of your yearly income.