Car Flipping 101
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- เผยแพร่เมื่อ 3 ต.ค. 2024
- Flipping cars is fun but tough here are a few tips
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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
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I liked and appreciated the vegas, marking cars, good detail... showing the lamentable limo lol
I replaced the fuel pump and that thing runs like a champ. Those Ford 4.6 Motors go easy half a million miles
😁👍
I placed a private sale ad on cragislist for a relatives car and most of the callers are dealers . That shows you how high the prices are at the auction that dealers are relying on cl and fb.
90% of the cars I buy are from People. not the auction better deals on the street
Great information, I'm a mechanic, and this sounds curious and interesting. Know when to say no. Never get personally involved. Most very intelligent people have been saying this for years, multiple streams of passive income are essential.
If you’re a tech you should definitely start flipping cars on the side because you’ll get them cheaper and you’ll be able to explain what’s wrong with the car but other people to talk him down on price
Hi lucky 🍀 I only buy manual transmission cars cheaper to run and fix thanks for the info , nice Audi Quattro.
Even tho u don't like it ...I like u being outside with the cars ....take it for the team and be out there...it keeps ppl paying attention ..instead of just talking in the room with a/c ... =p
It Helps me lose weight lol 😂
I agree, stick to the budget, otherwise it's a money pit in time and money.
Again, quite accurate.
Thanks 😁👍
I got here early this time! Great video as always!
Yay! Thank you!
Great videos. Thanks for sharing all info about flipping cars!
Any time! :)
Hi Lucky, do you mind me asking how you are able to do that head job so cheaply? I would have figured the machine shop would ask for close to $1,200 before you even paid your tech to remove and replace the head. I assume having your own techs let’s you undercut a shop by a large margin? Your videos are very informative, thank you.
Ive been doing this for years. and build alot of relationship with my vendors so i get good pricing. and. I try to keep as much as i can in house to cut costs. thanks for watching :)
Thank you
Great information as always
Thanks I appreciate it 🙌
Word to the wise. Get licensed or the penalties and even jail time is NO FUN. States crack down on this stuff. DMV has special enforcement agents!
We tell people if they like flipping. cars to go get the Wholesale or dealers license so the can do it full time
@@LuckyLopez777 Yes but too many ignore and do this illegally. I was in the business and a friend of mine got caught curbstoning and his penalties were HUGE!
This is real car flipping don’t let know one tell you they don’t take L’s know when to cut your loses also you can buy broken cars for cheap and sell them as is DONT put a dollar into them let another flipper put money into it
Facts
love all your videos what is a good diagnostic scan
Depends on what your working on. but Autel is what i tell most people to get
Thanks my brother
love this stuff
Thanks 😁
It feels like you missed a couple of other cost factors such as your transportation fee and dmv fee. If those cars have not been running for awhile they might be backed up in fees and will effect your overall sale price.
There are no DMV fees.
And I own my tow truck so there are no transportation fees
Thank you for the content first of all! I wanted to know if you have any in person type of mentorship? Cause I live in Vegas also and would love to see the business in person, I just started my Rental Car Fleet.
We do. Im getting out new location up now but online training is on our website. link in description
Bro I just replace the computer on my 04 Lincoln Town Car as well but it has to be the one that matches your VIN they sent it to me it took about a week. Have them do a fuel pressure check if there's any sporadic fuel pressure spikes that means it's the fuel pump
This car runs on natural gas so unfortunately it’s a little bit different
@@LuckyLopez777 got it.
Flipping cars legally or spending money to open a lot. Because it's hard to start an expensive business like car sales
I always tell people to start flipping a few cars. then Open a lot so add financing
I love your videos!!!
Thanks I appreciate it :)
Lucky,
When you say that you can replace the engine for 2,000 or less where do you source them from?
Hi, awesome video!
This is my third year with my dealership 2 years of surviving!
Any warranty companies that you recommend?
I used PWI GMC. but most suck and. here in vegas we have no back that give backend money. unless your customer has a 720 score
love the videos bro
Thanks I appreciate it 😁
Mr Lucky,
quick question. You’re help would be greatly appreciated. Can Incomplete salvage titles be sold as-is with no inspections or being rebuilt to the public. Thank you for your time.
Manny @
Auto Solutions
Lake Elsinore, ca
you can as a private party. but as a dealer no
Hey Lucky, great video! Do you think that it’s worthy to also learn body work? And or have an in house body shop?
The more things you can do yourself the lower your cost of flipping cars is plus just to gain the knowledge to make sure that if you buy a car you can estimate how much it’s gonna cost repairs so if you go to a shop he won’t get overcharged. Next month we’re going to start putting out videos of me physically doing work with mechanics welding fabricating and body work I’m gonna start doing how to videos as well so this way people can see that you can learn all aspects and still do all the other stuff as well
@@LuckyLopez777 Awesome! Keep up the good work man! You’re an inspiration to me!
Love your channel, do those buying prices include auction fees?
I didnt buy any cars from auction. :). there are no deals at the auction lol
Where did you buy them?
@@jon44602 From a tow yard. I explain everything in the video
Quick question; When you get a repair license do you still pay for the parts with your personal credit card or business cards ? And what's the % are you saving
What's up Lucky? How do you handle customers that want to return a vehicle that has problems after they've bought it, paid in full?
Most Car Sales are AS IS / No Refunds for personal and Dealerships it depends on the situation we will try to help
I opened my used dealer and if I buy car from my friend but the title and car he has from Mannheim the title name is enterprise rental car company they signed so in order to get it I need to get transfer paper work and do I get the title from dmv without registrations or paying sales tax under my name in order to sell to customers in case if customer doesn’t buy expensive car then I can sell it back in auctions
If the cars total has been signed by a Dealer Auction house you have to process the paperwork through the dealership and pay sales tax or you run it back through the auction you cannot sell to the public
I was looking forward for this video
Im trying to make more like this in the future
Can you send me the link to your Repaur shop course because I can't find the buy button on your website
We are working on the site. it should be up Wed. email us and we can send the link when its up.
What percentage of your profits do you allocate for Mango Tango bottle service across the street??? LOL
5% we haven't been since the pandemic. hopefully the crowd is better looking lol
Do you buy car with electrical issues (ob2 scanner)? Can you use them at auctions?
The auctions here in Las Vegas don’t let you bringing scanners because too many people are bringing stuff in and deleting codes shutting off security system so the cars wouldn’t start so now you have to basically just go in blind
@@LuckyLopez777 Geez, thought the expensive brands (Autel/Foxwell) could detect recently deleted codes, everyone hustling out there, lol.
@@LuckyLopez777 I think adesa auction scans the car and posts the codes (if any) along with obd readiness on the auction listing
@@Ricocase that's the thing. Even if there are no codes, a buyer will run a wipe and the next guy thinks that the computer was reset to hide something.
Jelly
Jeeeellllllyyyyyyyy
Jalapenos
🤣 🔥
Peanut butter
PB 🙌
600 bucks lol not at these auctions lol
There are no deals at the auction. I buy more from vendors and people. Then auction.
@@LuckyLopez777 What kind of "vendor"? Like a car dealership selling their trade-ins?
@@Amerikrainian Watch my videos I talk about them all the time
@@LuckyLopez777 I watched a bunch of your videos already and didn't hear it. Not too excited about your reply. In that many words you could have just answered.
@@Amerikrainian The reason I’m telling you to watch the videos because I said over and over again on all my vendors I have over 100 of them that I buy cars from that’s why I can’t message him all in the comments