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Buy someones stalled out project that all the hard work and gathering has already been done. Even if you also need to pick up a donor car to finish it you will be ahead of the game. These types of conversions are time consuming and your wallet will make sounds like a puppy being kicked if you try to keep a schedule or completion date.
These sorts of cars pop up in southern Cal often enough but you have to move fast, no thinking just buying when all the right parts are present. A few months ago a real m3 shell with all the m3 stuff like trunk lid suspension etc. but no interior, engine, trans or front sheet metal with a clean but wrecked 325is parts car came through craigslist for 5 something. seemed a good deal for someone who wanted to do the swap- find a M42 engine later on and have a real but mismatched e30 m3.
Just be patient, diligent with cash in hand & ready to pounce.
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