The truth about flipping cars and quick profits...

Показать описание

Video By: TikTok autoflippingacademy

Рекомендации по теме

Комментарии

I am an 18 years old Filipino student. I bought a 4th-generation Honda City for 130, 000 pesos and listed it for 200, 000 pesos. Someone offered me 180, 000 pesos, which I accepted, earning a profit of 50, 000 pesos. This is a significant amount of money for me, and flipping cars is indeed a quick way to make money.

kurtfaelnar

Yeah I buy and sell cars now from auctions but 4 years ago I bought a van from an old man for 800 to use as a daily but decided to see if I can sell I posted on marketplace next day for 4200 guy came with his son 5 hours later and grabbed it I was completely in shock this is a hustle

ChaseM

Well we can't all go to dealer auctions and get those sweet deals... but we can look for the other deals out there and there's always something available.. just have to look a little harder

nickelnoserestos

The detail sold the car, I can guarantee you that. For anyone who’s flipping, get a detail guy involved, you’ll move cars quick. People want the new car smell/look, not the price.

ltur

I can vary bro. I’m 22 I just made 12.5k last month off 6 cars

pinchevictor

auto car washes RUIN paint, just a FYI ....also, at least change the damn oil, new engine filter, and new emissions test for the new owner ....

TanManFixes

nice i bought a kia forte a few years ago, gutted the interior and pressure washed it, replaced 1 head light housing and replaced the timing chain, doing all the work my self, sold the car and made 4k profit. it is money in flipping cars but i have also lost on a few, it usually cause people lied and it needed more work then was stated. For exp they say it needs a engine, but in reality it needed a engine and transmission.

turboimport

If you want to do this here’s how you do it. I’m going based off of Ohio’s rules but your state might be similar!

Start an llc, get a very good insurance policy, do mobile mechanics and flip under 7 cars for your first year! Build a credit score with your llc(it’s separate from your personal) and save every penny you can afford to stash away. After your first year from the day you sell your first flip file with the state to apply for a used car training course. Take the classes, pass the classes, put in a $25, 000 surety bond(you don’t need the whole $25k) and find an old ran down gas station that has been closed for 20 years to buy out in the cut. You’ll be taking out a little loan with that new credit score you’ve been building. You should be able to secure a small plot like that for $20k. Maybe $10k if it’s overgrown and needs work. after that your going to need to prioritize the remodel of the lot, and construction of your sales room. You’ll need a desk, computer, filing cabinets and 3 chairs according to the Ohio attorney general. The building must be need and maintained and you will be audited before opening. After that you must submit proof of your surety bond/training course and wait for the state to give you your license. At that point you can turn your business into a small company or a rags to riches empire. It isn’t a small task but if you have the heart to rebuild an engine you can do this shit. Good luck boys

Handyginger

I’m 18 I’ve made over 50k in profit since I’ve stated and now own 3 cars 🎉😂

plutopruitt

Where did you get a $5 carwash? I need that car wash

HurayraG

Genuine question, i thought you need a dealers license to sell more than a couple cars a month ? Please correct me if I’m wrong

S_nightkid

I’d love to do something like this one day as a car enthusiast

benmarley

how do you get the title to sell the car to someone else. Like if i buy a car from a private seller and i signed off on the odometer agreement and title, how would i get a new title for the car so when i sell it they can sign off on it. I need to do this without registering the car i bought under my name or registering it in general because there’s a limit of how many cars u can buy and sell when registering vehicles

omarshaabna

Do you need a dealership to be able to buy and resell cars or am I able to sell like that for now?

zdheelegroj

Can you sell the car Right away or do you have to wait a little until you pay the 1st month of your insurance of your new car that your about to sell?

CitybytheBach