I Made Over $3000 In A Week Flipping Cars | Car Flip 101
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- เผยแพร่เมื่อ 29 ก.ย. 2024
- ➡️ Car Flipping 101 Course - bit.ly/CarFlip...
How to make over $3000 in a week flipping cars is actually not as hard as you think. I breakdown in this video how the last 2 flips netted me serious profit in a week with simple and easy steps to ensure you maximize your earning. My flipping cars tips and secrets of sourcing cars that are good deals, negotiations with the seller, repair pricing and budgeting for profit, along with the detailing process I use to fix up these cars prior to listing online for sale.
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Disclaimer:
Due to factors beyond my control, I cannot guarantee against improper use of the information I share in my videos. James Stauffer (Stauffer Garage) assumes no liability for property damage or injury incurred as a result of any of the information contained in this video. Use this information at your own risk. Any injury, damage, or loss that may result from improper use of these tools, equipment, or from the information contained in this video is the sole responsibility of the user and not James Stauffer (Stauffer Garage).
Get the sale price of only $14.99 before it goes back up to $70.99!
➡ Car Flipping 101 Course - bit.ly/CarFlipping101
Keep it at $14.99 and I'll drive traffic towards your page . I don't sell cars anymore but my dad had a dealer in California and I hate watching these TH-camrs telling these guys I'll tell you for $80-200 for a course or PDF. I can tell all these people that Info for free if they ask me . I learn money isn't everything and when I see someone charge a reasonable price then I support that .
You flipped the GMC so well, that it flipped into a Nissan Rogue mid way through 😂
I used to flip cars. mostly Hondas, specifically fits and civics. I’ve given up due to the fact that you just can’t find a decent car for under 4-5k. I live up north so anything cheaper is rusted and I wouldn’t feel right selling them to someone. I also work for a dealer and can’t even get the wholesale cars cheap anymore.
I buy fix, sell, clean and sell German luxury. I hate the term “flip” or “flipper” it’s a dirty term
some states will require you to get a dealer license if you sell so many cars in a year. i used to live down the street from a guy that did this and eventually he stopped. he sold one car a week.
Yup i live 2 over from a guy that did it full time he had the feds raid him.
Lots of Elantra's, Rouge's and Terrain's come through our auction haha. That's Cool those are the ones you show🎉 You do a great job bro. I bet you're in the top 5% of cleaners in the country🎉 If you want a vehicle that comes through DAASW here in Phoenix hit me up.
Goodmorning Stauffer.
Morning! How's it going Shawn
@@StaufferGarage staying busy with new company. Hope all is well in your area
Nice dude! Keep it going and all is well here!
What a great and informative vid! One tiny remark, at 4:39 you say you sold it for $ 3,125, but the text states $ 3.150.
Thanks for sharing but I'm skeptical on your purchase price for a newer SUV for $800. Wreckers would offer more then what you paid. Maybe share bill of sale showing that price?
Do you have a dealers license in the state you’re in?
Get it. Make 3k in a day.
Bs
You still have to pay taxes off your final sale
Very true, but you have to do the same if you work a 9-5 too. Remember with an LLC you can also expense the costs to do that as well.
I have a LLC. Was just letting others know that you still have to pay taxes on your profit. Something you didn’t show. Sorry wasn’t trying to start an argument. I know you have to pay taxes on a full time job as well
@@SnyderTools 👍appreciate that value add. Uncle Sam has to have his piece no matter what.
Only works if you have thousands of dollars to get the cars in the first place
I bought the gmc for $800.
Not going to sugar coat but get an extra job and work to save up to do it. Complaining isn’t going to help you. Either you want to try to change your situation or not.
@@StaufferGarage 😬😬😬 yikes. Not all of us can even get a first job, much less a second. You can't just act like this is something everyone can do.
Closed mindedness. There is a ton of work, what do you mean first job? Go ask a lawn company or painter if they need help, 99% certain they will say yes. If health is a concern, online is a gold mine of opportunities to make money. I don’t see any validity to your comments. It’s purely you’re just not willing to do it.
@@purpleunicorn87 Than why you are here acting like cars are free these side jobs are not made for the homeless you need to have to have a job in the first place or a way to get income before you do this if you don't have a dollar to your name than I think you have other problems to worry about
@@zerowater1645 👍🏻
Does your title transfers happen in a few days? Where I’m from it takes 3-5 weeks for a title transfer. Unless I jump titles i can flip a few cars within a week. Also where I’m from i can only sell 7 vehicles per year under my name. Since then I’ve sold cars under relatives and friends names. Can easily make $3k or more in a week if you know the tricks.
same and you also cant wholesale cars to the public u need a wholesaler or dealer license atleat in my state
I noticed an auction house sticker on the windshield of that Elantra. Anything you're not telling us?
Those Hyundais are known for oil sludge and engines ceasing if not serviced as scheduled. Odds are that if the interior was not cared for than neither were the engine or loan payments. That elantra was probably repossessed and sold to a dealer at auction with an announcement of SLUDGE, Engine replacement required. You paid $3700? The dealer probably paid $1500, then ran kerosene thru the oil to break up some of the sludge, but this is a very temporary fix. As a car dealer for over 30 years basic common sense will tell you that if the interior is abused, then so is the entire vehicle. This idea that 5 hours of cleaning will repair 5 years of abuse is very naive.
Thanks for the tip about selling directly to a dealership. That would be a huge time saver even if you likely have to sell it for cheaper.
There is a way around the state limit on the number of cars you can sell before you are required to get a dears license. This was done by a cop I had met who could not run afoul of any licensing laws. He was married so he bought and sold his allowed limit. Then he titled other cars in his 2wife's name and bought and sod her limit. he also had two children and bought and sold udner their names.
It’s a Nissan Rogue
How do you put more than 3 cars a year in your name? i dont understand that part, and thanks For the videos 👍🏼
I live in Wilmington Ohio I got 3 cars wholes from a dealer for 2100 not a huge profit but I made 3200 1100 with little recon all 4 sold less than a month
I’m confused you made a different video of the gmc with the same numbers!?!? Did you get it from a dealer or Facebook market place🤔
Why do you keep saying gmc terrain. It's a Nissan rogue. At the exact moment you said terrain you showed a pic of the Nissan steering wheel????
Can you actually test out auction cars like drive them ?
Yep! You can hook an obd scanner up and drive before you bid
Dealers never give full price for cars they gunna offer you whosale prices only ..
hold up did u say parts are cheap? Where u getting them china then ?? lmaoo cuz not in the states.. and fuck junk yard shit talk about " new parts"
I really enjoyed this video I’d appreciate more in the future! Even if it’s a single car it’d still be cool to see
Youre basically telling a story while showing random footage. WTF?
The beginning of the detail was a Terrain….then you switched to a Nissan then back to the terrain. Confusing.
do you recommend having a dealers license?
I'm wanting to enter the flipping market and this is just one of the many videos I've watched that you've posted that can help guide me there. Thanks a bunch and amazing guide to car flips James! 🎉🎉🔥🔥
Great to hear! You can do it!
Unless you are jumping titles, you are going to need a wholesale dealers license in many states.
To buy wholesale you probably need buy a few cars right ?
Yes typically wholesale deals are “packaged” cars
Do you flip anything other than cars?
question: do you store the carpet solution or do you fill the pump sprayer before you start the car?
Any recommendations on how to get started if you do not have the tools available to use?
Soapy water 😂 at least on the interior, don't use it on the paint
Title and registration for a 100????
Its around 300$ in pa wtf!?
What is the machine you put the coins and dirty bolts in
It's an automatic jewelry cleaner.
People selling cars for 2 k less cos they need. Clean 🤔
Terrain it's a nissan rogue
lol
Dont you need a dealers license to flip cars?
Depends on the state you’re in, I’m in TX and it’s four a year.
Love your videos, hope the mint shine turns up for sale sometime! 🙂👍
Please for the love of God, stop pressure washing under the hood
Why you worried about it it’s not yours
Never had a issue if you do it correctly 💪
As long as you cover fuse box, electrical and alternator + battery your solid
Yeah as long as everything is covered that needs covering it’s all good, I’ve jet washed buggy’s without even covering anything up and it’s been all good
It clearly states exactly where you can’t pressure wash
You really got me hooked on ceracoat I know I spelled it wrong but still used there trim kit now I want to try the ceramic coat
Nice video!! Really like seeing these!
Glad you like them!