Question regarding ffl...

[tcbeavers1]

Do you need an ffl to legally buy guns with the intention of reselling them (to legal buyers, of course)? If not, is there a limit to how many you can do that with without having a license?

 

[dalto]

Yes, if you are buying guns with an intention to resell them you need an FFL.

 

[tcbeavers1]

Is that everywhere in the US, or just here in Texas?

 

[Dcav]

Everywhere

 

[txinvestigator]

Is that everywhere in the US, or just here in Texas?

You should really Google "BATFE FAQ"

 

[chubbyzook]

doing it without a ffl will land you time in federal "butthole raping" prison. So I would stay away from it.

 

[okie556]

Yes, if you are buying guns with an intention to resell them you need an FFL.

So I guess the key words are"With an intention to resell"!

 

[SC-Texas]

Yes. And the aft keeps track of everyone setting up tables at gun shows. Shit, they probably s
Check out a number of folks walking around selling guns.

 

[medalguy]

Yeah the operative word in ffl is FEDERAL.

 

[majormadmax]

And you can't buy with the intent to sell with an 03 FFL (C&R) either...

Start with Wikipedia then make your way to the ATF's website on FFLs. Don't stop there...

Cheers! M2

 

[SC-Texas]

Here is a good example of why you need an FFL if you are going to buy and sell firearms:

USAO Press Release -

Bluff City Resident Pleads Guilty to Dealing in Firearms

GREENEVILLE, Tenn — Wayne Rumley of Bluff City, Tenn., entered a plea of guilty on February 16, 2011, in the U.S. District Court for the Eastern District of Tennessee at Greeneville, to dealing in firearms while not being a licensed dealer.
Sentencing has been set for June 27, 2011, at 9:00 a.m., in U.S. District Court in Greeneville. He faces a term of five years in prison, a $250,000.000 fine, and two years of supervised release. Rumley was charged in an information with not being a licensed firearm dealer within the meaning of Chapter 44, Title 18, United States Code, and that he willfully engaged in the business of dealing in firearms between during May 16 to August 7, 2010. On several occasions during this time period, Rumley sold firearms to undercover agents at the Tri-Cities Flea Market in Bluff City, Tenn.
The charges and subsequent guilty plea were the results of an ongoing investigation by the Bureau of Alcohol, Tobacco, Firearms, and Explosives. Robert M. Reeves, Assistant U.S. Attorney represented the United States.

 

[tcbeavers1]

So, what part of selling firearms to buyers is illegal? Or was it a difference in Texas and Tennessee law? Because, it's not illegal/wrong to sell a gun you bought for concealed carry and it didn't work out, right?

I mean, what did he do wrong? It doesn't even talk about his intentions.

 

[SC-Texas]

If a jury finds that you engaged in the business of buying and selling you are convicted.

If you are buying and selling for your collection, that is fine.

Analyze this under the pigs theory: Pigs at the trough get slaughtered!

 

[tcbeavers1]

So it all reduces down to motive? If you buy and then sell because you got a good price on a gun, that's wrong, but a gun that didn't work out isn't wrong to sell?

It has nothing to do with quantity(within reason)?

 

[majormadmax]

The key phrase here is intent to sell! If it is proven that you bought the firearm solely to sell it again, you’re hosed! I would also think that the volume of guns you try to sell would factor into it. Buy one gun and sell it because you don’t like it and I doubt you’ll come anywhere near the ATF’s radar; but several guns with the expressed desire to sell them again and expect a knock on your door.

The bottom line is that a little common sense prevails...don’t be stupid and you’ll have nothing to fear; try to outsmart the Feds and deal without a FFL and expect to end up in Federal PMITA prison!

Cheers! M2

 

[tcbeavers1]

Got it. So, by law, even one purchased with intent to resell is illegal (w/o license).

 

[chubbyzook]

yes

 

[Outbreak]

So most of us have said, at one time or another "I wish I had bought that crate of [insert favorite Milsurp here] 20 years ago when they were $50 each." If we had actually done that, held on to them for 20 years, shot them, enjoyed them, etc, then sold them for ridiculous profit would be headed for the clink?

 

[Renegade]

Got it. So, by law, even one purchased with intent to resell is illegal (w/o license).

No, that is not , "in the business".

 

[majormadmax]

So most of us have said, at one time or another "I wish I had bought that crate of [insert favorite Milsurp here] 20 years ago when they were $50 each." If we had actually done that, held on to them for 20 years, shot them, enjoyed them, etc, then sold them for ridiculous profit would be headed for the clink?

No, but technically if you bought them as an "investment" with the intent (there's that word again, it's key in this discussion) to sell them at some point down the road, you would be in violation of the law of dealing in firearms without the correct license. The fact that you "shot them, enjoyed them, etc" indicates your primary intent (bing bing) was not to resell them.

On the opposite side of the coin, if you bought a pistol one morning, shot it that afternoon and decided you didn't like it after all, then sold it later that day you would not be breaking the law because your original intent (ding dong) was not to resell the firearm.

Easy peasy!

Cheers! M2