Flipping Cars: $1000 cars for large profits Part 1
ฝัง
- เผยแพร่เมื่อ 6 ก.ย. 2020
- How to Flip Cars from your own back yard and make extra income on the side we go over how we buy the cars where we buy the cars (Pawn shops, Title loan stores, Tow yard auctions) How to Repair cars doing Safety repairs first then cosmetic and keeping on a budget Our Channel is all about helping people get into the Automotive Industry Getting a Dealers license, Opening a Auto Repair Shop, Starting a Rental Car Company we do it all
Contact me at Lucky@Automotivelife.com
IG 📷: / automotive.life
FB: / automotive-life-207241...
Visit Our Website for Online Courses
www.AutomotiveLife.com
How to Start a Dealer Licensing
How to Start a Rental Car/ Exotic Rental Car
How to Start a Auto Repair Shop
How to Start a Auto Body Shop
How to Flip Cars for Extra Cash in 30 Days - ยานยนต์และพาหนะ
Everything you say it's a 100% true I do this for a living with the exception of having a dealer License..you got a new Subscriber
Thanks for the sub! :)
You have an email? Would like to ask you some questions if you don’t mind
@@jbg8840 Dannyortega2019@gmail
How are you able to do this for a living full time without a dealers license? I could email you too if that's ok
@@jamaul67 Being a rep for a dealer using their license or floating titles
Good point..you won't always make money on the car ..it's better to take the least loss and move on..I like that..You never want to get stuck putting hours upon hours into a car..
You are 100% correct Lamont Chasing old money with new money is always bad Thanks :)
big key advice for people starting out is buy parts on ebay. I saved myself 60 70% of cost of goods sold by buying used and OEM on ebay using an american express card.
100$ brake kits from Detroit Axle
Used oem electronics
Critical OEM components at 25% dealer price
I have cleared THOUSANDS of dollars in HOME DEPOT gift cards using their 75c for every dollar gift card deals. It sucks today because corona shipping but if you can wait, you save alot 60 70% on your COGS doing it this way.
Good luck to all starting out
The more money you save the bigger the profit 🙌💰
Thunderstorms.... it's Spring here. Thanks for being transparent. I met the son of a wealthy person - how as in industry did you make your money. Nah.. I was like - wow.
Lucky you're Inspiring me, I now want to learn repair so I can fix old cars and flip them
Flipping old cars is one of my favorite things I love to buy projects out of people’s backyards bring him back to life and then sell them there’s a lot of money in that a lot of people start a project and they just leave it alone if you can get it running and driving and just put it back together not fix it or restore it but just put it back together and get it running there’s a lot of people that wanna project that has some life to it
You explain everything pretty well, earned a new subscriber
Always looking forward for your videos. Thanks!
Thanks Charlie we appreciate it :)
The excursion center console can be re wrapped at home with heat gun and gray vynil corners heat stretch spray glue in can. All center console lids can be wrapped. Seat base eBay sells cover cheap. Unbolt seat base 10mm underside, foam is eazest cut old seat foam graft In with glue shave 36grit I us turkey cutter. Foams joke 5, minute job foam pad cost 300 dollars.
Automotive Life is BOSS !
Thanks I appreciate that
Good detailed video. Keep them coming!
Thanks, will do!
Thank you for all the information because some dealers don't like to share their secrets
Beto valdez Thanks 😊
Appreciate the Video. Very Informative.
Geechee Sultan Thank you so much for the comment 😁👍
New subscriber just arrived. I’m interested and keen to learn cheers and have a good Christmas 👍🏻👍🏻👍🏻🏴
Hey Alan welcome to the club 😁👍 merry Christmas 🎄🎁 to you and your family as well
Great video, a lot of good information.
Thanks we appreciate the comment :)
I have always wanted to flip cars. I have done a couple in the past, but nothing to talk about. I’m very interested in your content. Thank you.
SUPREME AUTO GROUP - LIKES THIS
Great video I love how you get these car so cheap man smart thank you
Constantly working leads and looking for cars I wake up every morning looking online talking to my vendors saying how I could find good deals
Thanks soo much for this info .
TexasMade Taylor thanks for the compliment 😁👍
Hi Lucky, I just subscribed to your channel. Out of all the videos I watched on your channel, this one is probably the most inspiring for me. That being said I looked for part2 and didn’t find it. Did you ever put a part2 of this video? ps: Loved you screen notes method, you should patent that :-)
I think part two is on my channel during that time I was in the middle of moving from one job to another and I was selling my dealership but I do have a whole new series of car flipping coming out shortly and thank you very much for subscribing and your kind words
Good Stuff!!!!!!!!!!!!!
Thanks 😁👍
You can’t buy cars at a dealer auction unless you’re a dealer, you could flip undervalued deals that you find on marketplace and elsewhere but bottom line is you need to become a dealer to buy it wholesale auctions
Good info, thanks
Thanks Sam. glad you enjoyed the Videos
Great Content!
Thanks 😁👍
Buying cars like you is key to make it
Cheap cars are the way to go
I like it when he says……they’re full of shit🤣
This is the video I have been looking for. Also I am having an issue understanding how I can buy and sell a car fast, I buy it and go to the DMV and they want to send me a title in 2 months. How can you sell it same week or day?
Looking good
Thanks 👍
Where’s part 2
Is there a certain amount of miles you won’t buy any more if the vehicle gets above that?
👍
Thomson Dsouza thanks 😁👍
im new to flipping but its a family tradition, man dude your videos are amazing. appreciate you ✊🏽
I know close to nothing when it comes to fixing cars. Do you think it’s worth getting into the business if I have to run to a mechanic for everything?
Nice Video and very informative. Please could you share where one can get access to "pay day loan" car sales deals?
There’s no secret you just go up to the companies knock on their door and ask them if you could buy the repos. That’s what I do
Most dealers are lazy and they don’t go out of their way to look I constantly talk to different companies to see if we can purchase the repos
I would like to know and learn how to flip cars,Lucky please tell me more. Thank you.
I have more videos coming soon
Thanks so much I’m looking forward to watching the videos. I’d just subscribed
Hey lucky, it is difficult to get cheap or fair pricing for outsourcing my cars to service cars. I'm in NY so we must inspect and do emission by the state law. Am I better off getting my place ready with my own service?
I have 2 bays and space to put 150 cars. Opening in October. Been in the business for over 30 years. Thanks.
100%. I never send out my work. I keep all repairs. in-house. plus. you shop will become a second stream of income. go to all the small dealers and offer to do repairs for them at a discount.
Great video! Is there a part 2?
Part 2-3 are coming
@@LuckyLopez777 is it posted
@@shanerudberg6364 I did film them but unfortunately my microphone was not working so I don’t have any audio for the videos that’s why I never posted it but I’m doing another series next week
@@LuckyLopez777 ok
Hey what’s goin on. Like your video. I’m just now getting into car flipping and I honestly have no mechanical knowledge or background. What would be your advise to me if I want to get started flipping cars
start with cheap cars and learn as much as you can
Tried to flip my first car, had a check engine but in California I have to get it smog check so I had to fix the code and ended up spending more money than I wanted to. Sound I just sell it to break even or try to make a few bucks profit? How do you know when to just cut the losses
It’s a pens on every car but I have a certain dollar amount that I like to make so if you’re flipping cars for cash on the side I would say you need to make $500 cash on every car for it to be profitable for you so if the car you purchased it was for let’s say $1500 and you’re going to sell it for $2000 You have no money to spend for recon so if it does need two to $300 and recon you’re gonna have to buy it for hopefully $1200 instead of 1500. I have a shop so it’s much easier for me to repair stuff I would start working with a mobile mechanic just to get kind of a baseline of what it’s gonna cost you
So I wanted to get into car flipping but I had some questions like how do u sell the cars on like what website. And what do I need to sell a car
I use FB market place. Craigslist and Offer Up I would start with a few cars. And if you enjoy it. Go get a dealers license.
@@LuckyLopez777 thanks man your channel helped me allot
How can anyone who is interested in flipping cars outside the USA get into it....any help? Where and how do they get started?
Flipping cars you can do pretty much worldwide it’s just learning about your specific market what country do you live in?
Love your videos it’s been a huge help! Also I’m starting my own used car dealership in Missouri is there any good auctions that you recommend around this area? And is it worth buying cars from different states and get them shipped to my location?
I dont know that area that well but cars are cheaper over there than Vegas you will be able to find a lot of good cars in the $1500-3000 amount also you will Kill it if you do Buy Here Pay here
Hey bro some advice here would help me tons! My dad has been working hard his whole life and currently has about 180k in savings. He dosent speak much English so im doing all the legwork and paperwork for him to open our lot. Hondas and Toyotas in the 5000$ range are really popular here in Bakersfield ca. Would you suggest we go heavy on buy here pay here in house financing with these type of cars?? We are going to have a really small lot with a decent size warehouse for only 1500$ a month but it isn’t in a spot that has alot of traffic so most advertising is going to be on FB craigslist ect. Im thinking going heavy on 5k cars since they move fast here even without financing. And now i could offer buy here pay here. Any advice would be appreciated. Thanks for all the info on your vidoes🙏
I would start with cash sales and Regular financing until you have been open for 1yr once you have enough time running your dealership then i would do BHPH because its extremally quick and easy to lose alot of money doing BHPH
My issue is I always buy cars with so many things wrong because buying online in my area the auction places hide details about the car until you get it and of course they are AS IS
Real Life Strategies Yeah I try to buy as much as I can in person that’s why I like going to payday loans stores pawn shops and tow yards because I can actually check out the car is a little bit before buying him some online auctions our bed but I’m super conservative because I’m always planning on having at least $1000 in repairs
Hey so a quick tool I use to see a rough guess of what a cars value is Kelley blue book. If I see a car on kbb valued at 4500. I usually would guesstimate that I can sell said vehicle for 4. So I try to shoot to get it for around 3k-3500$ . Would you say this is a good strategy?
its math % so it works on some cars. but cars where the wholsale book and retail book are close or far apart it wont work
I want to learn how to apply and pass test to get a dealer license
if you in CA you can take a test. most states dont have tests
hey, so I want a Jeep Grand Cherokee priced at 16,995 but don’t have enough to pay full on cash. I have found a 2015 Jeep Compass in my area only priced at 5,500, but the Kelley blue book value (with accurate mileage and everything) is between $11,387-$13,942 in my area... is it smart that I buy the compass for 5,500, then fix whatever is wrong with it and trade into dealer for $12k or $13k, and pay remaining balance in cash for the grand Cherokee? thanks for reading this
TLDR; I want a $16,995 car. I want to buy $5,500 car that’s market value is actually $11,387-$13,942, fix it up, trade it in, and then pay remaining balance cash for the $16,995 car
TheBlackGuyGaming In my area jeep compasses are very cheap to come by I don’t really recommend trading in a car because the dealer will hide the value of the vehicle either in the down payment the taxes whatever the case is I would rather buy two or three smaller cheaper cars flip them till you get enough money to put a big down payment on the jeep you want
Sup, i live in a small town and somebody near me has a 1980s toyota mr2 in the driveway. I looked it up and see its priced at about 5-30k, but i dont have my license yet and dont even know if the owner would want to sell it. Any tips? Thanks
Its in mint condition btw he just doesnt move it
@@cm392 I would go over and ask if it’s for sale. Tell them your looking for a project and ask them to tell you about the car and talk about them. They may not won’t to sell it the first time. But if you build a relationship you may be able to buy it later. I would go with $2000-2500 in my pocket and offer it to them. I love door knocking it’s how i get all my classic cars
@@LuckyLopez777 wow thanks bro!!
How did you find these cars for so cheap that run good and don't need much work?
Its alot of Time building Relationship. New Dealers and Car flippers are tooo lazy to do this. watch a few videos. I go over how i find cars
Is there enough profit left to make these buckets worth buying and flipping if a guy has to outsource all the recon?
You can but it’s strongly depends on the mechanics that you have fixing your vehicles because your margins will get extremely tight
@@LuckyLopez777 Thanks! That's pretty much what I thought. So, buying the "right" ones is important. Is there any software that you use to get good deals or is it all your own market sense of what sells?
BTW, great series, I'm learning a lot from you.
I see you sell all kinds of cars. Which auction price range cars do you make the most profit? $250 - $1500: $1600-3000 Or the higher end cars. Or are the profits about the same?
Are usually make the most profit on vehicles that I buy for about 10 to 15,000 and sell for 15 to 20,000 a lot of these vehicles are green light so they don’t have any issues and low miles and it’s an easy $5000 if we get a credit union buyer
@@LuckyLopez777 Which one sells the Fastest?
@@fixnflipncars3505 and cash cars under $3500. Sell 1-3 days
Where is part 2 of this video?
It’s in the car flipping videos
@@LuckyLopez777 I still don't see the follow up for the mustang in any of the videos
@@TSquared215 old mustang is sold The new mustang is being lifted and being build for hooptie cross
Is legal buy and sell cars.
Yes. Every state has a limit. Unless you get a dealers license.
Is your ink invisible?
Sometimes lol
I subscribed as soon as you said "shit"
Yersss
Toast
Yessss 🙌
Do you have a dealers license? The average person doesn't, it's hard to flip a car without it, unless you put I in your name and you can only do that so much.
You have to check your state but I think most states it’s 5 to 7 cars a year which you can flip I recommend trying it and then if you become successful then I would definitely get your dealership license I do have a dealer license.
@@LuckyLopez777 Yea I'm in the process of that, I was trying to find loopholes but no luck. Thanks for the reply.
Peanut baby monkey.
you didnt even put anything on the screen
lazy
Yes I am. but Im getting better at video editing