How To Make $1000 a Day Flipping Cars

0:00 what's going on YouTube family welcome to Automotive life my name is lucky and today we're going to be talking about flipping cars now this is probably going to be the most detailed orientated car flipping video on YouTube I guarantee it so we've been talking a lot about how the Market's crazy how things are going bad you know all the things to stay away from but we haven't talked about anything positive on actually how to make money how to profit from this current economic State and so that's what I'm going to do today is we're going to talk about how to flip an or wholesale cars where you can actually profit a thousand dollars a day in selling Vehicles now currently we sell about 60 to 100 cars every month and our gross is usually around 750 per average car so as we start going down this process I'm going to show you guys what I do to actually scale up how to get started and the big misconception with

0:45 car flipping is everybody thinks you have to have a lot of money you've got to have a big bankroll that is not true a lot of the cars that we're going to be starting with right here which you see behind me are cheap affordable cars like this van I think I paid 600 for it so it's nothing extravagant don't let people tell you you got to be rich you've got to have all this money to start flipping cars we're going to go over the basics and go over all the different steps on where you actually buy cars how you buy cars how you Recon them which is repairs and then how you actually sell them these are all the important things now before I get started I need you guys do me a huge favor I want this to be my most liked video ever my most liked video I think was 7 000 likes I need at least 8 000 likes on this video if we do that I will give something away for the next video either free consultation a free class something like that it's very important

1:30 to me because I know the more we like this video the more it's going to get out there and I want people to see this because I believe a lot of this thing will change people's lives so let's go ahead and get in the video now there's a saying in the car business you make your money when you buy the car and that's 100 true now there's more things than just the price which we're going to discuss here now everybody talks about you know buying cars off of Facebook and Craigslist and offer up and all those other things which we all know about there's good deals they're online so I always tell people as long as you look you'll find something but the downfall is is you have maybe 60 to 70 other people just like yourself that are looking for these cars online so how do you think outside the box I get my cars from various things I call it building and network this is something that I teach in my classes and what I talk about online and at dealer conventions this is the most crucial thing so first

2:15 I'll start off with this if you're wanting to get into car business spend about 500 buy yourself a website Cash for Cars whatever get yourself a card and start beating the streets now what I do is I go to Every Title Loan Company in some States title loan companies can sell directly to the public if you're a dealer they can definitely sell to you go to title loan companies ask them do they have any cars any repos make a deal with them and if they do give you a deal you buy every piece of they give you whether it's wrecked or not because the relationship is worth more than the actual profit by telling you this if you build a good relationship you buy the good ones with the bad you will get all the good deals that's pretty much what I do with a handful of payday loan stores here in Las Vegas and Arizona the next one is pawn shops a lot of people sleep on shops you can go on there you can buy

3:01 Motorcycles Cars boats trucks SUVs for very very cheap a lot of people don't know that that's one of the good spots to get once again they can sell to the public or to a dealer so if you don't have your dealer's license and you're just getting started or you don't have your wholesale license it's a great way to find cars now after that I tell people to go out and get a calendar you get a just a basic calendar stick it on your wall and I tell everybody call every single tow company that's in your 50 mile radius every time they have an auction I need you to write it on the calendar so January 10th there's an auction here January 12th there's an auction here and so by the end of the day your calendar should be full of all the appointments for the next handful of auctions the reason why this is so important is because you never know

3:46 where the deals are if you get in the habit of going to all these tow yard auctions all these uh um payday loan stores pawn shops you are eventually going to start building a rapport with these people I almost forgot one of my secrets my biggest secret is I bring donuts everywhere I go I will stack my car full of donuts and everywhere I stop those pity loan stores those pawn shops the tow companies I bring donuts to everybody I learn everybody's name who's the people in charge and I always write it down and always be friendly even if they're rude and they blow you off I can't tell you how many tow yards I'm like hey my name is lucky I'm a car buyer here's my card you guys have any cars for sale I'm busy are now that we you just have to wait in line like everybody else okay no problem here's some donuts thank you so much and I keep going over and over and over again and you will see you'll start to pay dividends now once you get your

4:32 calendar and you start filling out all these dates make sure you show up to all of these things now here's the big thing you do not have to buy cars when you first go to tow yard auctions you want to just see the process you want to look at the cars you want to get familiar with the auction bidding process because I'm going to tell you what happens a lot of people get super excited they start over bidding on cars and that's why I tell most people you get better deals on the streets than you do at dealer auctions because one dealers don't have cash they have credit so they always over bid and two they get into this whole like ego thing where they got to outbid the next guy it's stupid most times auctions you don't get a lot of good deals but start off really slow go to the tow yard auctions it's a good way to get acclimated if you decide to go get your dealer's license or wholesale license and do this on a much larger scale now now that you have the tow

5:17 yards out of the way the next thing I tell everybody which is a secret gym is I go to Every Auto repair shop a body shop in the area and once again you bring your Donuts you bring your card hey my name is lucky I buy Cash for Cars you guys have any junk cars any good cars any customers that didn't pay their bills and you'd be surprised there's hundreds of shops in every major city even if you're in a small town I guarantee you there's 10 to 20 of those things and all you got to do is take the time to go there and get your basically give them your name give them a card and build a relationship now I call Facebook and Instagram and offer up like lazy sales like everybody in their Grandma can find cars on there but when you build a network it feeds your inventory so a lot of these cars you see behind me I didn't have to go chase them they call

6:03 me hey lucky we got this Kia Soul that came in customer didn't pay the bill do you want it sure I'll be there in 20 minutes hey lucky I got this Ford Focus the starter's bad customer doesn't want to fix it he just wants 500 bucks to get out of it you want it sure tell them I'll be there in 20 minutes as you start handing out these Donuts handing out your cards it is a slow process but building a network is probably the most important thing that you'll need and the reason why most people don't do this is because it takes time it takes effort a lot of these places that I went to and knocked on the door and handed them Donuts in my card some took months some actually took years but I tell you what within I won't say the name of this massive title loan company but I'm sure you guys can get the gist of it I started buying cars for them a few years ago and it took me about two years to get in with them I kept handing them Donuts kept saying you know whatever oh

6:48 we only took our cars to the auction we don't like dealing with wholesalers like you you guys always lowball this blah blah blah finally one day they got upset at Manheim and they're like hey lucky we got 67 cars in Phoenix Arizona the man I was supposed to pick it up they didn't show up can you show up and give us bids on them I was like I'll be there tomorrow I flew there that same day gave them all the bids before the end of the day and I was like I'm here already in Phoenix I already looked at your cars I'll have the bids there if you want I'll have checks ready for you tomorrow and that was the very difference point where it allowed me to get funnels of you know 60 70 100 cars a month from the this one particular vendor so this is why I tell people building a network is the most important thing everybody's worried about flipping cars making money and doing all this crazy stuff and uh and trying to worry about gross build your network it'll funnel your deals so

7:34 you can scale up now the reason why I do it this way is because when you're buying cars like I said you make your money when you buy them with these Title Loan cars payday loans um pawn shops and stuff from auto repairs you have time to look at them you have time to give a correct estimate and you also can check them out when you purchase at the auction you have no time some options you can't even check them out and then you have to pay fees on top of that you save much more money buying from people like this directly a lot of the headaches gone a lot of the title problems are gone and it's very simplistic a lot of the cars you see behind me are going to go straight to either Adesa Mannheim Copart or IAA that's where I sell these cars because there's people out there that are willing to pay over what I bought it for way more we average about like I said about 750 per car so if we're selling about 10 to

8:22 15 a week it's very easy to get to that thousand dollars now the next thing we're going to talk about is how to buy them so knowing how to buy is very important now what I mean by this is it depends on your mechanical skills your capabilities on recon or whatever you specialize in so perfect example like these slingshots we buy a little bit of everything we have exotic cars regular cars luxury cars crash cars we do mechanical repair paint and body upholstery we pretty much work on everything so I can make bids all across the board when you first start out be very very careful you want to do fast quick transactions even if you're only making three to five hundred dollars per car it does not matter don't buy these cars that oh this is a great deal but this Avenger needs a motor transmission and you don't have a shop you have like

9:07 an apartment complex base your purchasing uh like I guess triangle on what you actually can do so if you are let's say an incline mechanic you know a little bit bit about cars you can do general maintenance that's perfect find the cars that have check engine lights can't pass smog or emissions in your area and focus on them if you're a very talented detailer have a friend of mine his name's Manny great guy he buys cars that have like faded oxidized paint uh blurred out tail lights he will spit polish shine this car where it looks brand new and he'll let's say he bought the Civic for two grand he'll clean it up sell it for 3 500 so depending on your skill set it's very important to find out what you're good at what you're not good at and what your abilities are because I've seen so many new car flippers get excited take let's say they

9:53 have five thousand dollars in capital they go out and buy you know three or four cars with like body damage maybe this one that's wrecked oh it's a good deal it's worth something but I gave them only 1500 bucks for it well now that car is going to sit and here's the problem if the car's sitting it's costing you time which is costing you money don't see the short profit of making a quick fifteen hundred dollars if you spend you know fifteen hundred dollars to fix it think about all the cars you could have picked fixed very easily before then if this car just needs something small like a grill replacement buy two or three of these before buying something like that it will speed up your process it'll help you basically streamline how you buy and sell cars now I have a lot of people ask me what are the right cars to buy what are the the best cars to flip it all depends on your area what car should I

10:38 buy like are the bad Motors bad once again depends on your skill set one of the things I preach is building your flipping skills or your wholesaling skills around your talents a lot of these other ass clowns are like these are the cars you buy this is what you gross on I can literally like in Vegas I can buy BMWs and Mercedes and I could rip them at auction and sell them to people and can make good money but if you go to somewhere like Texas trucks and SUVs that's the way to go so I will never tell you exactly what cars to buy but I'll tell you depending on your skill set better example of this is let's say you're mechanically inclined a little bit and let's say you used to work at a Ford dealership you know how much these cars cost to fix you're very familiar with them you have maybe friends still at the dealership you have some sort of line of

11:23 communication where you could fix these cars maybe cheaper and faster than the rest of the people I always tell people that when you first start off try to specialize in a car that you know so let's say your first car was Kia Soul you're very familiar with Hyundai's and kios these dip most these cars have the same damn Motors anyway so if you're very familiar with this car and you've personally owned this car then you know that's probably better than most people so when you go there you could tell The Telltale science oh I remember this sound it was something you know not even major I remember replacing it so you can go out and make better deals and do better diagnosis on these cars because you actually have some experience with it so if you want to become a specialist in one or two cars that's usually the best way to go but don't ever overstep your abilities on how to fix cars how to buy cars because I see so many of these people that run out of money you'll sell

12:09 two three cars you'll make a quick profit and then you turn around and then now you can't sell them because they're taking too much time to fix it has more issues and and especially when you're a first time flipper don't buy exotic cars or luxury cars that is the worst mistake to do every time I see somebody like well I'm going to buy a Range Rover because I saw it for a thousand bucks online don't you ever do that because every repair is going to be at least a thousand dollars guaranteed on that thing they're nothing but problems nothing but issues stick to basic cars I always tell people American um Korean so Hyundai and uh Kia and also Japanese cars as long as you stick to these cars you should have a good uh I guess experience and if you do have in some major repairs more than likely you could find a lot of this stuff at a local junkyard if you need parts you

12:54 need a motor need a transmission but please stay away from that now there are a lot of people that make money with flipping cars which is doing very like simple things like I said my buddy Manny does the detailing polishing them up I've seen cars where literally we've bought them and just took better pictures and sold them people are lazy people will not wash their cars they'll take a picture of a car like sitting in a driveway with a bunch of junk around it nobody wants that because now it gives the illusion that the car's not taken care of it's not very good or they have some like bootleg Boost Mobile phone flip phone from like 20 years ago and they're taking pictures with it so sometimes we'll buy a car clean it up and just retake the pictures and tour and sell it for 500 more and you can do the exact same thing so you don't have to start with a massive amount of capital now next we're going to go into

13:40 is setting yourself up for Recon so Recon is one of those important things that you need to make sure that you thoroughly understand it now before we get into it one thing I'm going to tell you before you start this process if you're serious about getting into this industry go get a generic Mobile Mechanic license something like that from your city or state so you can get a tax free cell number then you go to Every manufacturer you deal with AutoZone O'Reilly's your Ford Chevy whatever else once you get this license it may cost you 100 200 but you'll get hundreds of dollars of discounts when it comes to Parts perfect example we literally bought a AC compressor for a Ford Focus ST I believe if the dealer was 583 dollars with our wholesale license we showed them and we give them our tax resell number it was 193 dollars

14:26 so just that one part paid for our Auto Repair license for the whole year this is something you need to get serious about there's seven reasons why one every dollar you save is a dollar you make remember you make your money when you buy the car not when you sell the car keep that in mind this also goes along with parts you want to save as much money as possible also once you buy parts as an actual uh licensed either repair shop dealer whatever else you have special abilities where if you have let's say a part that didn't work or is defective more than likely they will take it back and ask you less questions also the parts you buy come with a warranty so if you buy a fuel pump and you put it in a Chevy Tahoe and all of a sudden the fuel pump doesn't work the let's say you bought it from AutoZone

15:12 O'Reilly's they have programs where they'll give you either cash back or they'll give you x amount of dollars for labor hours that you had to put in to take out of their defective part this is how you start lowering your cost covering yourself but then also having some sort of warranty on Parts because once you start wholesaling cars you're going to buy a lot of the same cars and you're there's nothing worse than buying let's say a fuel pump putting it in a car taking it to the auction or you put it up for sale and then it dies like a week later either the auction people are going to be upset because they have to push your car on the auction or the customer may be upset like hey man the car just died you can be like no problem if you take it to a mechanic the pump's under warranty you just pay for the labor and they'll swap it out and then if the mechanic is good he'll know how to do a labor claim against AutoZone or whatever manufacturer that you purchased it from but these are some of the small

15:57 things that you can do to become successful the next one I always tell people when you first start out if you're not mechanically inclined partner up with the mobile mechanic do not be cheap what I would recommend is pay this guy if he says hey can you drive around with me for the whole day you don't have to to physically do any labor I just need you to look at cars with me I'll give you 100 200 whatever 300 just for this day just drive around with me I'm telling you this will pay massive dividends because when you buy a car that's shitty or has major issues that you don't know about he could save you thousands of dollars and a big headache along the way so if you pay one of these guys bring them along with you and tell them exactly what you're doing hey look bro I'm a new car flipper I want to get started in the business I need somebody

16:43 experience that knows mechanical repair I want to bring you with me and then if you know I look at a car and you give me like a quote like let's say you're gonna go look at a Honda Civic and it has a blown head gasket you know let's say the guy's only asking 1500 but the car retails for like 35. he can look at you like oh with parts Machining and everything else you're looking about 600 and I could fix everything you know and you're like you can do that yeah so now he's giving you prices right there so you can make a competitive bid on the car it pays like I said massive dividends if you bring a mobile mechanic with you if you're not familiar with mechanical repair now once again I don't recommend doing anything crazy big motor swaps anything like that unless you have somebody like this that not only do you know but you trust so even with this

17:28 mobile mechanic you build a relationship you do small repairs give them a few things basically feel each other out and there's nothing wrong with getting two or three of these guys even me owning a shop I still will have two or three people on the outside that can help you with repairs just in case if we're flooded the Shop's too busy or like I said people are flaky sometimes you know people get desperate literally whatever the bill is is probably what their bills are so if you need a 200 repair they're going to charge you 500 because they have a 500 car payment that's due next week so build a relationship with the mobile mechanic it will pay you massive dividends now if you are a mechanic yourself once again go for Speed speed is the most important thing what I do is like I said we buy a bunch of cars in bulk get them running and driving and take them to the auction now can I get

18:14 more if I make them perfect and sell them for retail yes but the whole goal is to speed up this process to where you get to a thousand dollars a day because if you can do this and you could scale which I've seen people do this in the little is two months you can get there fairly quickly if you focus on building your process that is the most important thing we have the process with actually buying the cars we have the process of actually getting car is ready and then we have the process of actually reconing everything so one of the things I tell people as soon as you buy a car the very first freaking hour you get it back you need to go through that car from top to bottom write down like what does it need okay this car looks up let's say you bought it for two grand you look up online all the cars are selling for thirty five hundred dollars what you

18:59 need to do is okay well this car needs a tune-up that's maybe 200 this car needs two tires there's another two hundred dollars you need to get a list of exactly what you're going to put into the car so this way you know because I have what's called a threshold you put like a thousand dollars if you want to make a thousand dollars on the car okay I can't find my grease pin but I'm going to show you exactly what I do so let's say I bought this car for five thousand dollars so I'm gonna put five thousand dollars here on the bottom okay now this car I I know it needs a motor so I'm going to put 1500 for the motor and then I always include like three four hundred dollars in miscellaneous so we're gonna put three hundred dollars okay now the retail of this car is

19:46 somewhere around eight thousand dollars so I'm gonna put eight thousand dollars up here because this is the most important number we want to focus on after this okay we have eight thousand dollars of our profit we have five thousand nine fifty five now we're fifty eight hundred dollars and let's say we only want to make fifteen hundred dollars on this car so we're gonna put our profit margin put a little slash here we'll put fifteen hundred dollars so I know my gap between what I'm in now and the eight thousand dollars is pretty big so even if I have to spend a couple hundred dollars maybe on tires maybe there's some other miscellaneous repairs I know as long as I have this fifteen hundred dollars on this side I can go up quite a few bucks so if you do this on every single car you will definitely benefit and this price I always tell people don't look at Kelley Blue Book

20:33 when it comes to cheap cash cards you have to look at Facebook Craigslist and offer up because the Kelly Blue Book let's say on an O3 Chevy Tahoe maybe eight nine hundred dollars but I guarantee if you look in most areas you cannot buy an O3 Chevy Tahoe that's clean for under three thousand dollars so go online see what all the cars are going for and take the lowest price one that's competitive to yours so if yours has 150 000 miles find one that's maybe ugly with 150 000 miles and that's how I come up with my eight thousand dollars so I base everything off the low end now you get posted for nine and pray for the best but if we do it this way and work ourselves backwards you'll make sure that you have a built 10 profit margin and a cushion for every vehicle I do this on every single car I used to write them out on the windshield now I just do it mentally but I recommend doing this

21:19 every time you purchase a car and leave it on the front windshield because I promise you as you start fixing cars oh it's 50 bucks it's 100 bucks it's only this it's only that next thing you know you're going to have you know two thousand dollars wrapped up into the car and you're going to be over what it's actually retailing for so now you're going to try to sell the car for even more than what it's worth and it's going to be harder just remember it's always easier to come down on your sales price than go up so I'd rather be the cheapest one maybe a few small things wrong but you can get it out there very very quickly so now that we covered Recon we're going to talk in the next thing which is marketing and selling your vehicle now everybody knows the traditional way you put it up on Facebook Craigslist offer up you put it up there I always tell people you want to be like the one of the cheapest ones on there you never want to be the most expensive and you can put it up there so

22:06 first tip always take good pictures and another thing wash the damn card don't be cheap there's nothing worse than even though you do this for a living and it's just a cheap car even the fifteen hundred dollar buckets like that Ford Focus you saw over there I will spend 65 dollars and I will have it washed and detailed motor transmission washed wheel wells everything dressed with arm roll I want to make it look good because I'm telling you if you do it this way people will look at a lot differently and it'll look better on pictures and when they see it they'll be pleasantly surprised so that's just something that everybody should do so wash your cars take really good pictures take your time if you're in a junky area like our shop I love it but it's dirty I'm not going to take pictures of this like Range Rover Defender park next to a bunch of these

22:51 junkie cars it doesn't make any sense you have to drive this car out to maybe a nice area somewhere sorry a compressor just turned on a nice area where you know it's away from all the garbage and trash now I'm going to talk about the most important thing when it comes to marketing and selling your cars you don't have to be focused on Facebook Market uh plays offer up all these other ones you could sell directly to dealers so there's people out there which are called buyers their job is to purchase cars for used car manufacturers used dealers or even new dealers and so dealers are always looking for more cars so if you learn the good buying process and you can build it up to scale I have dealer friends that I sell 10 15 cars a month to because they need cheap

23:37 affordable cars so one do I make less money yes but two I get to spin them out more faster so if I buy 10 cars and I'm like hey look I could retail this Mercedes let's say for thirty eight hundred dollars or I could wholesale it to the dealer for I don't know 2 800 bucks let's say I'm in with two grand I can make 800 quickly and not have to worry about selling it dealing with the customers retailing and all that other crap you could sell it quickly and this is how you scale to do the thousand dollars a day in volume that's the difference now another thing you could do is actual public auctions in a lot of states there are public auctions that are available so if you have a handful of cars show up make a deal with them say how much does it cost to run my car and they're always looking for people

24:23 like yourself they need people to bring affordable cars to keep that process moving because the more cars they have the more people show for the auction the more money everybody gets so if you can find a small local public auction you could build something with them where you can go maybe two three cars a week and then scale from there once again getting you to that thousand dollars a day even quicker now the very last one is some states you can actually sell at dealer auctions now what I mean by this is Copart IAA and some Mannheim and odessas Copart loves regular people so in some cities and states there are those are the more probable ones uh IA and Copart you can go with your mobile mechanic license and

25:08 you could say hey I just want to sell these cars now you can't purchase in some states but you can definitely sell and say hey these are cars from my mechanic shop I put liens on them I just want to get these cars out of here and this will give you another ability to sell cars and as you do this remember once again it's all about your network you are going to meet dealers that are going to see you at these auctions hey I see you have like really good cheap affordable cars I need at least 10 cars every month between three and four thousand dollars you get that gentleman's name you get his card that calendar I told you about I used to have a big pinup foam board right next to it I would stick his card there and I'd put cars three to four thousand dollars and every week I would get all these guys on my phone and I would send a massive

25:53 group text I'd be like hey guys these are the cars in your ballpark if you want let's say this guy says he loves American uh cars send him this car if somebody says hey you know I only want Japanese cars sending this trucks and SUVs build your system where this way as you start to grow your business and you buy certain cars your network grows with it and you can automatically start posting these cars to these people before you even buy them sometimes I would make an offer on this car let's say I bought this for three thousand dollars and I knew I had a dealer that wanted this and they would probably pay more likely four grand I would send it to him and say hey bro I could pick this up today for four grand do you want me to get it if he likes it and the numbers work out he says I'll give you four grand then I'll go ahead and pay the guy three grand for it and drive it over there if for some reason he says no I don't want it or it's not my thing or he

26:39 offers me less money maybe 3 800 I know in my head that I can make 800 bucks and all I have to do is drive that car from there to there I'll do it without your network this can't be possible so it's very important that the network on how you buy cars and also the network on how you sell cars because I promise you the more dealers you meet the more people in Industry you meet the bigger your network is the easier it is for you to buy and sell stuff like this and also the same dealer that I I sell stuff to I buy a lot from them as well I have some guys that like they hate Mercedes they hate BMWs so I'm like I'll tell you what I will give you this Dodge Avenger if you give me this Mercedes with a bad transmission remember I don't know if you guys saw my stories the Mercedes would uh that I bought it from a Mercedes dealership for a thousand bucks or 1500 bucks this is it all the people

27:25 that told me it doesn't exist it's not a real car this is it so I actually ordered the transmission for that we just haven't put it in yet but I think the transmission was 900 so hopefully it'll be all in maybe a little bit under 2500 with the fluid and everything else but these these Network deals that you'll get so as long as you focus on those things building your network pushing out the cars and really doing some uh deep researching as far as buying the cars keeping your recon costs down and somehow speeding up your process where it gives you the ability to scale up for a thousand dollars a day now please put in the comment section below what you think and what you feel if you have any questions any concerns you have issues or anything else let me know in the comment section for the first hour and a half I'm going to be answering every single question so make sure you click the notification Bell because

28:11 that's the best way as soon as it pops up you start asking questions we answer and like I said if this gets over 8 000 likes I will give something away for free I don't know what it's going to be a class a consultation a course something like that I don't even care I just want to make this the most I guessed the best car flipping video on YouTube because I know a lot of these guys are like this is the two cars I buy and I make x amount of dollars that's great I can show you how to buy this Dodge Caravan I'm probably going to make 1500 bucks when I sell it but buying a car like this for five six hundred bucks I get the ability to do that but I only have the ability to do that because I have a system I have a network so I'd rather teach you the system to get stuff like this all the time instead of that one deal like oh I ripped this for 300 and I sold it for two grand or 2500 I made two thousand dollars profit that's

28:57 great but a lot of it's they can do it one time I do it every single day all day and twice on the weekend so it's better to do this long term and that's why I said if we do it right and you can sell five to six cars a week and you could hopefully make anywhere from 750 to 100 or to a thousand dollars per car your thousand dollars a day profit scales up very quickly now we have a little over 101 cars as of this week we got I think 30 at Odessa 25 at Manheim uh 10 a Copart and then another uh 15 at IAA and then we got all these cars and then I got a truck coming in from Phoenix with another 30 cars so once you start this process I'm telling you it speeds up really quickly and don't believe the hype to sell cheap affordable cars like this

29:43 is what's needed you guys have seen other videos I've had Ferraris Lamborghinis McLarens and out here that's all fine and dandy but I'll tell you what two of those cars costed more that all of these cars combined so what's the point I rather have my money tied up in multiple little cars that I'm getting it back in a trickle Foundation instead of just getting that one big pop and making you know 20 30 grand where if I sell 30 cars and I make a thousand bucks each I'll feel much more comfortable putting that at risk compared to just one car that I'm praying to God that it goes plus something that I'll give you a little tip on cheap cars go up in value when the market goes to nice cars go down when the market goes to so remember this when all these people all these stimulus Ballers when they start getting their cars reboat and they can't

30:29 afford anything they're gonna have to buy one of your three to five thousand dollar buckets because the no bank will finance them because they burned everybody they haven't made a payment since they got the car so they have no choice so the cars that are affordable the three to eight thousand dollar range is going to be the hottest thing come February so if you start now and you start looking for cars I always tell people Christmas is the best time to shop because everybody wants to buy gifts for their friends and family and travel you can scoop up a lot of deals and a lot of these cars you see right here we're gonna probably hold another 100 120 until it's tax season because I'm going to take all these cars and I'm going to take them to the auction and you want to know why because most dealers are dumb instead of putting in the effort doing what I'm doing and building a system they'd rather just overpay at the auction so I'm going to

31:14 let them do that so all these cars are going to sit here until probably the second third week of January and then I'm gonna start taking them all auction and then you're gonna have a massive payday so get started today flip a handful of cars and if you like it and enjoy it go ahead and get your wholesaler dealer's license but make sure you check your state because every state has a limit of how many cars you could flip but I always tell people start this process first to see if you even like it before you go out and spend thousands of dollars on licensing everything else and also if you want to do this and you don't want to get a license or you're unable to you can become what's called a buyer you can go work for a dealership and your job is to literally go out and buy cars like this I used to do that a lot I used to work for other dealers they would pay me when I go to the auction I knew what they wanted to buy I would buy my cars and then anything else that I didn't want that I knew that would fit in their wheelhouse I would purchase the form and

32:00 they would pay me 200 to 300 per car doesn't seem like much but it didn't cost any of my Capital didn't really take any of my time because I was sitting there at the auction and they know that I know what to look for on cars so even if you want to start this just to see if you're good at it you can go work for a dealer and tell them you want to be a buyer that's another way to get into the business anyways I want to thank you guys so much for watching please put a comment section below like this video share it with everybody and your grandma I truly appreciate it and we'll see you guys soon [Music]