Flipping $1,000 To $100,000 Pt. 27 - I wasn't expecting this... (How to flip cars)

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.

[@FlippingUniversity]

Get my free checklist to get high profit flips that don't need to be fixed here: www.flippinguniversity.net/cheatsheet

[@Quick_Fliks]

Are you still doing this series? I love following along

[@FlippingUniversity]

Yup, I just took a quick break for family reasons. I'll be continuing it very soon

[@Aliclips987]

Amazing video keep up the good work

[@FlippingUniversity]

Thanks man, we're making our way there

[@Mbergx1]

You really don't wanna wear a seat belt!

[@FlippingUniversity]

Lol yeaaa maybe it would've been good to

[@sal98]

Good job, Mr mechanic

[@FlippingUniversity]

Haha thanks Papa Salley

[@deanjames6162]

Great video

[@FlippingUniversity]

Thanks boss!

[@luisabbadie4547]

Good work boss…

[@FlippingUniversity]

Thanks man!

[@zaclewis5151]

Do you have your dealer license?

[@dvick2338]

Is there any way around needing a dealers license in order to purchase vehicles from the ACV auction website?

[@FlippingUniversity]

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

[@Zhaamm]

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?

[@FlippingUniversity]

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

[@Zhaamm]

@@FlippingUniversity Thank you

[@jamesmarshall7907]

How can I get started ??

[@FlippingUniversity]

Started flipping cars?

[@jamesmarshall7907]

I would like to know more about getting in with the $1500

[@Camtheceo365]

do you have a dealers license

[@FlippingUniversity]

Hey, yes I do