Flipping $1,000 To $100,000 Pt. 27 - I wasn't expecting this... (How to flip cars)
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- Опубликовано: 5 фев 2025
- Get my free checklist to get high profit flips that don't need to be fixed here: www.flippingun...
$1,000 To $100,000 Flipping Cars Pt. 27 - I wasn't expecting this...
Welcome back to our exciting car flipping series where we're on a mission to turn $1,000 into $100,000 by buying, fixing, and selling cars!
In this episode, I'm making a significant leap forward by purchasing not one, but TWO cars from an online auction to add to our flipping portfolio. It's a high-risk, high-reward strategy, and as you'll see, not everything goes as planned. One of the cars turned out to have an unexpected problem that caught me completely off guard. Watch as I navigate through the challenges, provide tips on handling surprises, and share insights on the risks and rewards of buying cars online.
In This Video:
Auction Day Excitement: Join me as I participate in the online auction, sharing my strategy and the emotions of bidding on potential flips. Learn how to spot good deals and avoid common pitfalls.
First Impressions and Inspection: See the initial walkaround of the two cars right after they arrive. I’ll share my thoughts on their condition and potential for profit.
The Unexpected Issue: Discover the unforeseen problem with one of the cars. I’ll dive into what went wrong, how it happened, and my initial reaction.
Problem Solving and Repairs: Watch as I tackle the unexpected issue head-on. From diagnosing the problem to finding cost-effective solutions, I'll walk you through every step.
Budget Breakdown: I’ll give you a detailed breakdown of how much was spent on purchasing and repairing the cars. Transparency is key in understanding the true cost and potential profit.
Potential Profit Analysis: After all the hard work, I’ll evaluate how much profit these two cars could bring to our flipping journey. Will they get us closer to our $100,000 goal?
Key Takeaways:
Tips for Online Auctions: Buying cars online can be tricky. I’ll share my top tips for making smart purchases and avoiding scams.
Handling Surprises: Learn how to stay calm and pragmatic when faced with unexpected problems. Flexibility and problem-solving skills are crucial in the car flipping business.
Budget Management: Effective budgeting is essential. I'll show you how to keep track of expenses and ensure each flip is profitable.
Join the Journey:
This series is not just about flipping cars; it's about learning, growing, and achieving financial goals through determination and smart investing. Whether you’re a seasoned flipper or just starting out, there’s something here for everyone.
![How To Flip Cars | FULL PROCESS [5]](http://i.ytimg.com/vi/w7BRAT0J_sg/mqdefault.jpg)
Get my free checklist to get high profit flips that don't need to be fixed here: www.flippinguniversity.net/cheatsheet
The wheel bearings are a pain to remove. I used pb blaster and a wheel bearing hub removing tool.
Hey man, just started watching your videos and I like what ya got going on. I'm a detailer n wanna help ya out a little. Go grab a cheap electric pressure washer like a Ryobi from home depot, a Rigid NXT shop vac w/the orange hose pack, and a cheap foam cannon. It'll really help ya out cleaning those cars! Use all p&s, or miguires pro line products that off the shelf stuff is diluted overpriced crap. Can order off autogeek they have everything you'll need there. And grab ya a cheap da polisher like a griots they all have lifetime warranties. Preferably a 6" DA and throw on a 5" backing plate. Wash, clay, and polish your cars it's a bit more work but they will have a great gloss then throw on a sealant like p&s beadmaker or dream maker n you'll be set! Better way for the headlights is hit them with sandpaper before polishing it'll take off the oxidation and don't forget to add protection to them as well bc polish/sanding will take off the factory uv protection. So use a wax or sealant at minimal it will last bout half a yr tops if not they will yellow in a few months. Use a true ceramic out of the glass bottles not the spray on crap or 2k clear for a permanent fix.
Keep up the good work, love the vids! Sorry for the story lol
You're doing it Bro. Happy for you. Recently found your channel. Just getting started myself.
Continued success to $100k
Awesome video! Question about the DMV stuff, when you buy them from auctions whose name is it under? I once bought from a broker here in Cali but after having to register under my name there wasn’t that much profit. I need to learn how to do this without registering to avoid fees.
Are you still doing this series? I love following along
Yup, I just took a quick break for family reasons. I'll be continuing it very soon
I missed it in one of the videos, but how long did it take to get you to the $25k mark, or what did you average monthly?
Amazing video keep up the good work
Thanks man, we're making our way there
It also could be the drive shaft
How many cars a person can flip on a year without dealer license?
5 cars
Is there any way around needing a dealers license in order to purchase vehicles from the ACV auction website?
If you haven't yet you could check out the video where I explain how to get into dealer auctions without a dealership. That's about the only way: www.flippinguniversity.net/auction
Great video
Thanks boss!
Let's Goo
QUESTION: I know your model is buying cheap and selling quick with minimal out of pocket cost. But do you think a buy cheap and upgrade model, similar to house flipping, would work with cars? Do you think you would get a positive return on your money if you did things like upgrading the stereo/speakers/dash display or adding new rims?
no, terrible idea, stock sells higher
Good job, Mr mechanic
Haha thanks Papa Salley
How can I get started ??
Started flipping cars?
I would like to know more about getting in with the $1500
How much money do you think would be needed to start? I know you started with $1,000, but that didn't account for most tools and other gear you had going into the channel. Also what would be a conservative estimate as to how much is needed for someone without a dealers license?
Great question, honestly you could start with even $1,000 or under primarily just getting cars through private sale first. You can always just get 1 tool that you might need for the flip and eventually it stacks up overtime
@@FlippingUniversity Thank you
Do you have your dealer license?
still waiting for answer
Good work boss…
Thanks man!
You really don't wanna wear a seat belt!
Lol yeaaa maybe it would've been good to
Wassup
do you have a dealers license
Hey, yes I do