Flipping $400 Cars until I can afford a Ferrari Episode 1
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- Опубликовано: 15 сен 2024
- I am going to take $400 and purchase a car. With each profit, I am going to roll it into the next flip. In less than 1 year, and I am going to try and afford a Ferrari off just the initial $400 investment. Make sure to follow along in the Saga.
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You need to invest in a headlight restoration system and cleanup those foggy headlights it would make your cheaper cars look a lot cleaner and it would help your sales
That's what I would do. You would be surprised how much extra people pay just for a clean car. it's insane
sand paper and cut and polish works mint
He knows it for sure. It is his forte tho just saying
toothpaste and baking powder.
2k clear coat works very well.
Vinwiki should bring this guy the day he make it
I would be surprised if they didnt
Hopefully once he gets a supercar he can come on and tell his story
This is an amazing idea
Yea!
Can’t wait to see where this series ends. You might be the start of a huge trend.
*proceeds to buy a nearly undriveable dino like a boss*
Someone did this with shoes at a sneaker convention
Its already started by Russian youtubers.
The trend of car dealers buying old cars, repairing them and the selling them? Gee I guess you might be right, that might catch on 🤪
This is a great idea
its idea from russian bloggers..i dont know if he took it from there, but even name of the video almost exact same,lol
UBR team - Lithuanian youtubers also made this kind of series. From 500€ to bmw m5 e60. And they did buy the m5 😁
Paper clip challenge with cars
A old friend on of mine from high school has already done this! went from $800 Accord to Ferrari 360 in under 2 years! He is still a senior that got no help from his parents along the way!
FACTS
Love this idea. Cant wait to see it unfold.
Its completely bullshit. Not the idea but so far the execution. Just the Malibu for instance, 400 car full day to find the car and get it home (doesnt matter auction or Facebook). Full cut and buff. Interior detail. He said earlier in the video it need at least 2 tires + hub caps (not sure how expensive they are but i had to find 2 cap for a 1997 Altima back in '00 and paid almost $100, but whatever) i wont bring up the guys getting paid to do the work because you could do it yourself but your time is still worth something (still gotta pay the bills). Tools, if your going to do it yourself you have to have the tools. Its not hsrd to cut and buff a car but if you haven't done it before your going to need compound, polish, wax, and a buffer. Im not saying that any of this is really much of an obstacle but so far this has been completely unrealistic. In the market today, in my opinion, you should be starting with atlest a $2500 car and have already acquired the tools and skill to do the work. Or at least a place to borrow the tools from.
As a side note- it would be interesting to see the use of facebook marketplace marketing to sell faster and at a better margin. Yes you will have to pay facebook but again, time is worth something too. Might make more sence to wait till you get to the 10-15k range. Would still be interesting to see what happens at the lower price point.
"Im going to an auction with $400"...
buys an $1100 car and a $600 car, spending $1700, only 3x more than he said he would...
He is literally copying what Russian RUclipsr Dubrovsky Syndicate did last year. They started with $2k and in a year flipped enough cars to buy a Ferrari.
@@elmwoodgc the car was $400 but he invested $200 more into the car to get it ready to sell
Its not legal to buy and sell that many cars without a license so very misleading
" I hate buying cheap cars " Proceeds to show a full row of cars that are worth less than 1500.
less then $600 and he is 1500+. never buy a used car from a dealer
Shows about 20 cheap cars prob has 1500 plus cars in his lifetime so fat
I mean its the challenge wtf do you expect 😂
@@Potato-lw3fe i mean he did work that requires tools. Last time I got a car detailed they asked for 350 bucks. If you took that radiator issue to a shop your looking at 4 to 5 hundred. We're up to 1150 for the car if you went to the auction yourself not counting a tow and washing/waxing. Paying an extra 600 is probably easier then dealing with the hassle especially when he took the risk on the cars and his customers know what they are getting unlike him.
@@MikeKing001 no is not
Craig , I love you car salesmen... "Acura has 4 brand new tires" A mismatched set ,about 75% on the front and 30% on the rear that are edge worn due to them being on the front and having alignment/suspension issues..... Looking forward to the 400 car deal
Corvette with 69,000 miles, likely added a quarter mile at a time!
Nah most corvette owners are old guys, if a younger guy owns it/owned it you can tell easily and avoid.
My friend and I just got started doing this with a similar concept. I hope to record and publish our journey but I'm deaf and editing takes forever especially since I have to caption everything. I look forward to seeing you reach your goal.
Good luck to you and your friend, it must be really difficult to edit while deaf. Good luck bro
If you need any help
Good luck bro
Hire an editor my friend.
Good luck 👍
Awesome challenge. I'm doing something similar. I started with a $20 car part and started flipping it. Im currently at $900. Goal is $10k. At that point I'm going to apply for a dealer's license.
Awesome
I'm scared to apply for a license and fail and be in the hole. I have like $8k
What part did you buy? And start with
@@longlobster3265 window switch. I have several high return items on my list but you have to make sure you check how much it can sell for online before buying it. Lkq has a list of their car inventory so that really helps.
Btw im at $1500 now
Juan Vega - thanks for sharing.
Curious about how much time you think you’ve invested as well. I’m just trying to take the time and money required on all this as part of my mental calculations.
Smells like your car. To the Jamaican 🇯🇲 guy.... 💨
Hotbox.
I tried doing this. Started with Toyota Corolla, and somehow I own a subway. I don't think I did this right.
right idea, wrong road.
NOOOOOOOOOOO way I'm buying my car from a dealership. Thx for the lesson.
Absolutely love how this guy isnt like those drop shipping ad guys instead he starts he from the basics
Cool! Great idea. I'm glad that you didn't start off by selling a paperclip first. hehe
I’m a young newer car dealer and it’s so funny listening to the way you talk about this business. I dealt with the dreadful cheap cars the first year and luckily I knew I needed to buy more expensive cars to not deal with the bs
That's awesome Craig. I just bought a 2004 impala of Facebook for a couple hundred dollars. And I'm working on a video for it as well. Can't wait to see where this will take you.
How he opened the civic and seen the purple and closed the door instantly 😭😭😭
Can't get anything with 4 wheels that drives for less than 1000$ here, and even then it'll be a total lemon that needs 3k of repairs. Sucks so much
It's been a good series and I'm still watching it. To date, he's already got a Bentley GT and still has left over $$ to buy a couple cars to flip, even in today's crazy priced used car market. Good job brother ! 👍👍
Just bought a 63 impala to flip!
Going all the way until I make 100k
I am impressed that you can enter and run almost any car that is open like nothing
The Acura TL had the dealers name in the window the size of McDonald’s lol 😂
I’ve always thought of flipping cars, I know how to detail and have the tools, and I also have the mechanical know how.
then start doing it you pus
They key to starting is simple! Commitment!
Start then I challenge you
If you did have the know how, you wouldn't want to do it. There's a reason mechanics and body shop guys don't flip cars......
I just made 2200$ on a silver bmw 330ci I bought for 300$
He looks like rob Dahm if he never liked rotaries
and didn't have an adderall addiction
@@qwaz2672 lol
I clicked on this video thinking it was Rob Dahm
@@estefano9elol
ahhaahahahha
Thanks for your videos great info !!
I have my own hvac business but always wanted to work with cars so i always did it on the side.
In 2006 bought a 2003 chevy express 2500 for $5500.00 and a 2001 ford e250 for $2500 just sold them about 3 months ago I got $3500 for the chevy and $2500 for the ford.
Going to sell the rest of my personal cars and start at 3-5k buying range
"how long did you drive it hot".
"it shut off back there at the intersection"
lol.
"and then I started it back up"
this is a bit impractical he didnt show how much he paid in auction fees . He also didnt talk about having a mechanic brother lol
It’s not like anyone can do this out of nowhere, the guy has 20+ years of experience on this business, made contacts, licenses, pays fees.
Also somehow buying a $400 car, putting $600 into fixing it up, and then selling for $1500 is calculated by him as a $900 profit. What?
You didn’t understand his math. He has $600 TOTAL invested into the car. Not on top of what he paid to get the car. Listen twice before commenting.
You forgot to mention the thousands it costs to have a dealers license to go to the auction you buy the $400 car from
You can find these same deals on Facebook it’s just very hard and you need to know how to talk to people
@Andrew Friend I did it when I was 14, so I know anyone could with the right motivation. I had 3 different cars before I was old enough for a license haha and I couldn’t even count the number of bad ass atvs and dirtbikes
@@southernracing2468 what’d you start with?
@@collinspittle6886 atvs and dirtbike are a easy way to start they are easy to learn how to work on and way cheaper to buy and fix than cars
Not to mention the literally hundreds of hours he spends doing it.
Content keeps getting better! Almost completed my dealers license up in ontario canada. Been watching your videos since I began! Thank you for the extra inspiration, clarity and help🙏🏻 I appreciate it!
I'm doing it with you, starting with this 2001 mitsubishi galant with 101k miles and needs a new water pump, let's go!
Do u have a dealers license
This reminds me of my childhood. My father and grandfather sold used cars and I can remember starting at small auctions when I was a kid going with them all the way up manheim auctions around North Carolina and darlington SC. When I was 14 my grandpa gave me $500 dollars to buy a car at a auction and by the time I turned 16 I turned that 500 dollar car into a 2 year old at the time 2006 GMC 2500 Denali that I drove for 8 years and 150k miles then a sold it for more money then I originally paid for it. After college I ran 3 family car lots for around 8 years and ended up selling them to a major franchise dealership.
Im on my second flip. So glad your doing this!!! This is really motivating me. I also shared the video. 😉🤞🏽
Thanks!
What flip are you up to nowadays? Curious for update in this hot market
I want to see Hoovie's version of this where he starts off with a Ferrari and ends with a Pinto
🤣
Everything in my life is a horse trade. This is exactly how my dealership is. I'm currently dealing with the cheap cars can't wait to start buying better cars.
Hope u succeed if u not are already 👍
This is a great video. A flippers dream to watch. This was so textbook! Love it!
Great that you show how you used to do it and what you're used to buying as of today. That Titan look super nice!
I picked up 2 ford rangers for $2,800. Sold one at auction for $9,800 and junked the other, and a Kia for $600 and sold it for $2,200. This is gonna take forever doing it your way! 😂
Where do you buy the cars?
@@thechosenone135 If i see the profit margin, I’ll buy from everywhere. Auction, private party, government sales, repos, etc. If your wondering where these two trucks came from specifically? Those came from an estate sale.
I just got a truck and a trailer to start doing exactly this, good timing :D
Can you do a video on some of the back lot losers? Cause not every one is a winner !
Will do
UNfortunatley most people don't have access to dealer auctions
I was thinking it was a different situation to a normal civilian where you can walk around and test drive most of the cars in the lot
Then get access.
@@blers87 Yeah right. Getting a dealer's license in the State of Ohio is not easy. You have to have an actual business building and address for starters. And it can't be your house. There was too much abuse of the system and it was changed years ago.
Does anybody know where i can fimd someone to go to a auction for me and try to find me a vechile under 1k? And of cource i pay them. would buy for myself. I'm looking for a car under 1k and these seem to run and drive ok. Thats all i need
@@platinumassasin5979 try copart and just google and make phone calls. Thats the best advice i can give.
I like the thought of this. You gotta work on the car yourself or as cheap as possible
Very smart approach. Get all the guppy’s then catch the whale. Great way to planning and building on the bigger sale. Happy to see your success locally. Keep these videos coming.
He’s literally doing a irl speed run
Speedrunning new game called "car flipping" until I get a supercar.
Cool idea. However, I feel like it's going to take a super long time.
no it wont. lol if you havent been in the used car industry you dont realize the profit margin once he gets into the $3k and up cars.
I flipped cars part time when I started my unrelated advertising business 15 years ago. I was making 3k minimum a week within 4 months once I really understood what I was doing, what sold fast, how to take pictures, etc etc. I mostly focused on cars that were cosmetic disasters and mechanically sound as I was a mechanical novice. You could buy your dream car in well under a year if you made the most of 20-25 hours per week.
Well he hasn't made ep 2 in a month
@@bb-zf6xn he can't he needs to sell the current car, buy a new one, and sell that one. He can't post a video about how much he paid for a car, while its on sale.......
@@jonhorskey4600 ik
If you have headaches now wait till you own that Ferrari. Don’t wast your money invest for retirement.
This bis obviously sidenincome for him...whats the point in saving everything for retirement...at some point you have to enjoy your life and money as well. As long as he can afford it and is still saving for retirement then why not
suttsd well said from a young person who has no idea of what is to come in life. When you turn 70 tell me about all the nice cars you wasted money on. I love cars, I have a new C8 on order but it’s just a car. Young people please plan for future not today.
@@rgarri6396 Bro, he's presenting a premise for a video. The ferrari is just a symbol of success. He could have said Lambo, or Rolls, or Bently. He just chose an expensive car as something people know as expensive. His goal is NOT to own a ferrari. He could have already bought one if that were the case.
I hear you tho, kids, don't smoke crack, plan for your future.
Boring
What if you die before you retire
That’s the kind of videos we love to watch.Way to go Graig
🤙👍
45 years later "i have my farrari".
7:19 - He must be the only RUclipsr to miss a chance to use the Spongebob "3 houers layteeer" clip
"Why i stopped buying cheap cars"
Turns and shows a bunch of cheap as is pos cars
Lol
He kind of pisses me off the way he was like “this is why I stopped buying cheap cars” idk why but just makes me kind of mad. Everyone needs to start somewhere and he says it so cocky like “ya I’ve got a whole damn dealership now”
You have to start somewhere .
And to ProChamp95 - it's not cocky. It's business. lol... He made it to where he needed to be.
I have watched every video of yours for a year and a half. Im almost a year in business with a shop and dealers license. I did 60 cars last year by myself. Mostly inops with good profit margins since i was a master tech for 20 years before. The hardest part so far is finding good help. How do you find good help?? Whats the story on how you and German got hooked up? ANY advice would be much appreciated. Thanks Craig!
I wish I had somewhere to keep a car with no registration or inspection. NYC problems 😪
felt that sm bud
i have never subbed to someone so fast
really interested where this goes
best of luck to you
Thanks!
You forgot to mention you will need a dealers license lol 😂
And insurance on the vehicle. As well as a host of other costs that bring the 400 car to $700
What auction are these are they companies or impounds?
He only mentions his dealers license multiple times smh🤦♂️
I don’t think I have ever seen a running car at the auction for $400 here in Florida. I have been in the business for 20 years.
4:30 Never understood dealers who lock regular everyday cars at auctions.
I used to lock mine because every time I ran my cars through auction, people will always disconnect fuses and sensors to make check engine lights turn on and they think it’ll go for cheaper.
I own a dealership and basically did the same thing but with infinitis. We now are in the process of buying our first GTR after 1year! Also he is spot on about the synchro on the corvette 4:36!
i feel like this is going to inflate the price of cars if everyone starts doing it now lmaoo
@@RoenelTeck There is a limit that changes depending on the state that you live in. However, this does not apply if he uses his dealer’s license, which I’m assuming he will. Pretty sure he had to use his license to get into the auction, which unfortunately already means he has special privileges that the average person doesn’t have. Still a cool series, but it doesn’t have the “starting from scratch” vibe because of his license
I’ve been doing it since I was 13 I’ve had 100 plus atvs, dirtbikes, motorcycles etc. and probably over 40 cars im currently 21
@@southernracing2468 40 cars and you settled on a mustang lol
@@C2PSYCORE What’s wrong with that?
@@C2PSYCORE actually have 8 of them lol
People from my country started with 500 euros and a goal of BMW M5, they did it in a year. Best of luck, keep it up :)
So you’re buying wholesale and not counting what you spend on recon to make it closer to front line ready?
Yes he did.. Malibu cost 400, with added detailing ect its 500ish. He says it near the end.
@@BryanFerra but he has other ppl doing it tho. He’s not even lifting a finger. He should be adding how much he’s paying them then. I think he should be doing the work himself if he wants to make a series
How about auction buyers fees?
you’re doing amazing man , leaning so much from you really. taking notes and i’m very excited to start. thank you for giving me the confidence and knowledge. keep it up , i’ll always be watching !
Anybody gonna talk about the red saleen in the background 😳
Yup. My exact thoughts
Keep it up, please be consistent with this channel it'll pay off. I respect what you're doing
To do it right though, you have to SUBTRACT your expenses.......... Also. $400 ain't much to start with. I would think $1,000 would be a better starting point.
Craig been following you for over a year. This is the next level. I’m hooked and it’s only the 1st video. Great idea. 👍🏻👍🏻👍🏻🏴
HEY I NEED TO BUY MY NEPHEW HIS FIRST CAR, IS THE ACURA TL STILL AVAILABLE?
Remember Jerry, a car's a car, as long as it's working and in your price range, go for it
Damn I wish one of my uncles bought me a car! That’s awesome!
Get a trans cooler too if you really want it
I have bought and sold many cars including several cars from Continental sales company Very simply, I doubt I will buy another vehicle from anyone but Continental sales company Dave and his guys are knowledgeable and easy to work with. They know how to buy cars which allows me to get a better value. First class operation and great customer service. I have referred several friends to Continental sales company and all have been just as satisfied with their purchase and the buying process.
Subbed, always thought about starting my own dealership. Never had the balls to start though
Fun watch but one thing I would have liked to hear about is a short rundown of how one gets into the auction scene. I know some of the ones near me are not open to the general public.
I like this idea, especially if you really stick to reinvesting pretty much the whole amount into one flip each time without banking much of the profit or splitting the bankroll into doing multiple cars as they get more expensive. Doing a flip in each price range on the way up will get interesting, especially if one of them goes sideways or worse. Good thing you're a trained professional on a closed course.
How trashed of a Ferrari will you consider a success? How much sweat equity are you going to allow yourself to do, versus subtracting it off of profit as a cost of flipping?
Likewise for allocating business overhead to it, charging employee labor to it, etc. It will be a lot easier to achieve if you ignore all that and just count selling price minus the sum of buying price and direct out of pocket expenses for parts. But if you're using words like investment and profit, that would be cheating! Maybe you should keep track of the numbers a few different ways, to illustrate how a hobbyist who "made a profit" on a project, would have made less or taken a loss if doing it commercially. In any case, I'm sure that all sorts of people who are thinking of doing a project or a straight flip, will learn a lot. It would be cool if one was a straight arbitrage flip buying from someone on Craigslist and immediately selling it to Carvana, not that it's in your interest to create an army of arbitragers scouring sources of private sales for flips, and not that you wouldn't make more by retailing it yourself. But it would be more like what a hobbyist could easily do, not having your retailing capability.
P.S., My (non-automotive) business is in Nashua. I used to pass through your area on 111 going to a girlfriend's home in Kingston, in the 2012-2014 timeframe, but never happened to pass by your place that I recall, though it's possible that I did.
Stop all this yapping, Im waiting for the show to start
Whats your business? I'm going to just keep rolling them through and see what happens
@@FlyingWheels Retired engineer, with a hobby business importing optics and bearing balls, plus doing some government surplus and general treasure hunting in person (pre pandemic) and reselling online. Intermittently enough, and warehousing enough inventory, that some family members consider it hoarding rather than reselling, hahaha. But hey, sometimes we all have to hold onto stuff we run across in the course of business, and enjoy it for a while ourselves before selling. Some friends doing similar only had a couple weeks of inventory and freaked when their sources shut their doors this year, but I have enough to work as a lone wolf listing and selling for a few years.
WOW !!!!!!!! THIS MAN IS AMAZING . . . .
HE BASICALLY TURNED A 400$ DOLLAR CAR INTO A BEAUTIFUL FERRARIA AT THE END !!
AMAZING& AWESOME AF MAN !!
Used to flip in the past so the cars were much better maintained than now and it makes sense the country has been on downhill for decades but more noticeably since 2008 crisis its a steep decline
cool trick on those acura and hondas. double click the unlock button and hold it in the second time. all the windows and sunroof will open up at the same time
I wish I could give more than 1 like for this series. Great Idea!!!
👍 Car @ auction for only $400, plus $200 in repairs & detailing. Flip for $1,500. Great flip with potential $900 profit. 💰
In case anyone missed it, he doesn't do this anymore.
Why?
Guys needs to be more humble
Probably investing in some business/real estate is a better idea instead of buying Ferrari - money's black hole.
Lol, check his Channel. Second part is up
This is very odd but I legitimately had this thought two weeks ago when I was able to pick an awesome deal on a cheap truck and figure I could probably double my investment and that I wondered if I could just keep going until I could afford a exotic sports car. Cool series, interested to see how you make out!
Its hard finding a car at the action 400 in California
The problem as a wholesale buyer trying to flip a vehicle back through another auction doesn’t show much profit? Now on the retail side this might work. This is an intriguing idea nevertheless.
I am a living proof that this works I have been doing it 5 years straight and I am ready to go to the next level. But I am a mechanic and detailer so I cut lots of cost. If your determined nothing will stop you
“It smells like your car.” 😉
Great idea. Looking forward to watching the money grow!
Im gonna do the same, what are the options if I don't have a dealer license to go to the auction,or what do you recommend to get started?
Copart I guess
@@FlyingWheels Is cowart like a wart that you share with someone else?
@@StevenBuchanan Corrected wisenHeimer😁
@@FlyingWheels lol couldnt resist.
BTW, love this series and video!
Thanks for sharing this man. I really enjoyed watching this. I'm in the beginning stages of starting my own company and this concept was awesome and even though this is a bit out of my wheelhouse, I think I'm going to do this.
Dealer's only cars??
Your brother has a sick car lineup and I love the video man!
Say "cummings" one more time...it's Cummins sir, no g
Exactly. I live in Indiana, the home of Cummins. It grates on me too.
Real life education love stuff like this
Good to see content from NH, i knew it was NH 15 seconds into the video. 603 represent
Cannot wait to see how this saga turns out!
-A fellow NH'er
Here at 75k this series is gonna blow up
Good old car flipping, trying to avoid buying the people's problems, did the previous owner look after it and not let things slide, this video illustrates that really well
You inspired me to do it again, I was doing that in the past, but spent way too much time and money through the process, so after 25 cars, I finally bought a 5000euro Integra Type R, sold it and bought a new kitchen... I know, not good enough. Now after 7years I want to start again :-)
My man... i value this commitment from your part a lot. Im excited to see😁 goodluck, im rooting for u👍🏼
i love it man! something tells me i should be talking to you. im like 90% there on knowledge and 90% on exp. but just like anything in the country, we get misled with misdirection
This series is going to bang on RUclips
Hope so😁
This is a great idea, and the definition of grinding. Keep it up man 💪
3 weeks...hopefully you sold it already :). Looking forward to how this series progresses, hopefully you keep it going.
My man I love what you’re doing and I’m very eager to see where this goes, as well as learning more about cars and business involving cars but here’s a bit of feedback if I may, I’d stick to the normal cut transitions instead of the weird fades and what not, it mixes the audio and cuts parts out which is not a big deal by any means, but keeping it clean and simple could just make this video even better. Thank you again!
This channel needs more subscribers and views. This video is awesome!
I was thinking about this the other day, if it was possible to trade a $1k car to a lambo or Ferrari. Keep up the good content
It really blows my mind that in 2021 d.o.t. is still using a substance on the road like salt that is destroying vehicles would think would have something different by now . Thankfully no emissions test or major rust problems living in Alabama