@@DaveMoFlips I would definitely like to see how you handle a loss on a vehicle, like what are the steps you take. I have a car at the moment that i can loose big on it or I can possibly brake even if I put more into it. What would you do?
I handle them fast!!! When I have to take a loss I want it to be quick!! I see other dealers keep cars on the lot just waiting, I'm more of a realest I want to take my loss and put that money back in the street recoup my loss and move on.
I don't show the sale part because I really feel like that's bragging, as for my personal lot I'm not sure why I haven't, honestly I'm never there. Also I want to say I only have one lot when I said fill the lots I was talking about dealers not just me. Are you a dealer? If so I'm sure your probably doing the same or about to. Either way thank you for watching, I really do appreciate it!!
Trust me at this time I'm all about repos, good clean repos almost got me saying surrender vehicles. Most have the title there already so I'll im doing is using the floor, clean, maybe AC or alternator and throw them back out there. I'm on some ish when I use the floor idc if I make $500 a car they way I see it is it isn't coming from my account so it's free money!! I may be wrong but that's my flow ATM
What happens when title absent and you're a wholesaler, Do you wait the 30 days for the title or can you still sell to an auction while waiting? what do you do / would you do? or do you only deal with title cars for that reason? Never mind you answered my question. doesn't make sense to sell without a title. just sucks to sit on a car 28 days.. so as a beginner its important to buy cars that have titles for anyone reading this.
@@loprice9607 true. However, auction also gives us 30 days or so to get the buyer the title so if I don't receive within the time frame than I don't get paid. Correct me if I'm wrong, but we don't get paid until buyer gets the title?
@loprice9607 correct 💯 you can sell cars at the auction but as the seller you will not be paid until you deliver the title to the auction, now in the case of ACV they do some dirty ish.... If the title isn't there within 30 days they can "fine" you as the seller but they already have the buyers money and none of that "fine" trickles down to the buyer. And if by chance you have the car for over 90 days you're stuck with it. It's a dirty game! I'm at the point I'm back at the actual auction buying only cars that have titles present (mostly repos). 90% of the finance companies have the titles and with some if you purchase their car and finance thru them you'll receive a bonus!!
![How To Flip Cars | FULL PROCESS [10]](http://i.ytimg.com/vi/pwzfgn_8un8/mqdefault.jpg)
![How To Flip Cars | FULL PROCESS [10]](/img/tr.png)
Thank you papi , I appreciate this video. I was hesitant to sign up with ACV and now I feel more confident to do business with them.
The paint meter reading is mainly for a repair indicator, bondo, etc. Just another tool the use to tell us the story of the car.
Thank you for making videos like this, I’m a new dealer and this helps a lot! I would be interested in your membership whenever that’s available.
No problem, and for sure. Is there anything you'd like to see in the meantime?
@@DaveMoFlips I would definitely like to see how you handle a loss on a vehicle, like what are the steps you take. I have a car at the moment that i can loose big on it or I can possibly brake even if I put more into it. What would you do?
I handle them fast!!! When I have to take a loss I want it to be quick!! I see other dealers keep cars on the lot just waiting, I'm more of a realest I want to take my loss and put that money back in the street recoup my loss and move on.
@@DaveMoFlips Yeah your right, easier said than done, I just got to take that L and keep it moving. Thanks for the advice! Keep them video coming!
Trust me I know brother no one wants to take the L but getting the money back in the street is better than have it rot away.
Fill up your lots? So why you never show the cars you sell or your lot?
I don't show the sale part because I really feel like that's bragging, as for my personal lot I'm not sure why I haven't, honestly I'm never there. Also I want to say I only have one lot when I said fill the lots I was talking about dealers not just me. Are you a dealer? If so I'm sure your probably doing the same or about to. Either way thank you for watching, I really do appreciate it!!
Can you add who's the best seller to buy from...and keep those flip videos coming....
Trust me at this time I'm all about repos, good clean repos almost got me saying surrender vehicles. Most have the title there already so I'll im doing is using the floor, clean, maybe AC or alternator and throw them back out there.
I'm on some ish when I use the floor idc if I make $500 a car they way I see it is it isn't coming from my account so it's free money!!
I may be wrong but that's my flow ATM
Do you get repo on acv....and how to look for it...cause I be on acv
Unfortunately not on ACV, I've started going back to auction in person. I forgot how much fun it was.
What happens when title absent and you're a wholesaler, Do you wait the 30 days for the title or can you still sell to an auction while waiting? what do you do / would you do? or do you only deal with title cars for that reason?
Never mind you answered my question. doesn't make sense to sell without a title. just sucks to sit on a car 28 days..
so as a beginner its important to buy cars that have titles for anyone reading this.
Agreed 100%!!! Thanks for watching!!!
You could sell at auction if you waiting for title...it would just be title absent
@@loprice9607 true. However, auction also gives us 30 days or so to get the buyer the title so if I don't receive within the time frame than I don't get paid. Correct me if I'm wrong, but we don't get paid until buyer gets the title?
@loprice9607 correct 💯 you can sell cars at the auction but as the seller you will not be paid until you deliver the title to the auction, now in the case of ACV they do some dirty ish.... If the title isn't there within 30 days they can "fine" you as the seller but they already have the buyers money and none of that "fine" trickles down to the buyer. And if by chance you have the car for over 90 days you're stuck with it. It's a dirty game!
I'm at the point I'm back at the actual auction buying only cars that have titles present (mostly repos). 90% of the finance companies have the titles and with some if you purchase their car and finance thru them you'll receive a bonus!!
Westlake is a good platform at the auction to buy from
God bless you brother.