So you want to learn how to flip cars for profit, Lets dive in.
- 1 So you want to learn how to flip cars for profit, Lets dive in.
- 2 HOUR 1 – FINDING AND BUYING
- 3 Hour 2 – Now You Have to Begin the Makeover Process. Making the Car Ready to Sell.
- 4 Hour 3 – After pimping up the car, you are now set for selling.
Flipping cars is the buying of cars at a very low price then investing in it by pimping it up which adds it’s value, then later selling it at a profit. It’s basically buying a car at a low price and selling it at a high price.
For you to achieve the sale you want, you have to first make sure you identify the car you want, having in mind that luxurious cars may take some time to sell while common cars have lots of customers hence it’s easier to make the desired sales.
When choosing a car, it’s good, to begin with, small amounts so as to mitigate any risks. Cars that look beat and undesirable are good since with the right kind of makeover they end up bringing a higher profit margin.
HOUR 1 – FINDING AND BUYINGooking for a car, Craigslist is one of the places to get the best deals, especially for beginners. Always look for the most recent posts especially since people often leave their contact details attached. To be always updated, one can get Google alerts to notify you of any Craigslist postings.
They do so by sending you an email once a new ad is posted. You can always also post an ad stating the kind of car you require making it easier for people to get in contact with you.
Always Inspect the Car Before You Buy identify the car you want, it is always advisable to inspect the car before you buy it. It’s good to find out the various issues it has, how it functions and the various legal requirements. You do not want to end up with a stolen car. When it comes to issues like mileage and transmission, it’s important to thoroughly check the car for a car with a mileage of over 150,000 miles may be useless to buy.
Cars with dead batteries, however, may be advantageous to buy since it can help bring down the buying price. It’s also not expensive to replace a dead battery which may end up boosting your selling price.