Car Flipping
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Is this profitable? I want to start my way up from a a cheap shitbox that I can get for ~$1k. What are the necessary steps to do this the right way in the US? How do I manage the title transfer? Any shared experience is appreciated.
>>14432864
You'll get lucky a few times but ultimately no.
If you're buying something in the 1000 - 2500 dollar range do you still try and get a mechanic to look at it before you buy?
I don't know about in the US but in Canada you can make bank. Buy 1000 dollar civic, add 250 dollars worth of rice (fart can, Cone filter stuck on stock intake plumbing, cut springs, remove resonator, cat etc) sell to some stupid kid for 3000. I've been making a living this way for years.
>>14432988
That's what I like to hear. Give me more details about this cone filter you speak of. Does the color of the car matter? Lets say I buy a manual silver mk4 Jetta 2.0L with 130k for 700. How much should I rice it without spending too much?
>>14433011
Noooooo
>>14433011
I typically spend less than 200 bucks total. As you get going you'll start having spare parts around (I buy 200 dollar hondas and strip them all the time) and it gets cheaper and easier. Color matching and painting a valve cover to match can go a long as way. Simple green and a pressure washer to degrease under the hood and make it look semi cared for. Easy stuff mate.
>>14432988
you'll be lucky to keep a 1000 Civic running long enough to flip it
>>14433011
2. Slow, 1.8t or nothing
>>14433029
Civics are cheap as fuck here. I just bought a 93 hatch that passed a safety inspection last month for 800 CAD. Car is near mint. I cut the springs, straight piped it, stuck newer Si rims I had laying around on it, spray bombed it matte white and sold it for 3200. Total profit of 2100 dollars for about 16 hours work.
my advice
buy low
sell high
worked with my memes and pepes
>>14433032
Id only buy it for the flip.
>>14433045
No one wants 2.0s, 1.8ts are the hot ticket kiddo
>>14433040
Fuck off poorfag real money is best money.
>>>/biz/1088378
We already told you to buy Ethereum, now get the fuck off my other board.
>when you fuck up crosslinking
>great shame
>>14433048
There's a 1.8t in my area for 2k. Just needs a windshield.
It's fast, easy money if you can quickly diagnose what is wrong with a given car. If not, stick to part outs, easy money but not as fast unless you have a few cars.
>>14433071
This. I started parting and worked my way up to flipping once I got good.
You know what's better than flipping cars? Knowledge. I just installed 7 book shelves to hold 2,000 new book I just bought. It's like the billionaire Warren Buffett says: "The more you learn; the more you earn."
Dreams are still possible OP.
>>14433071
Any particular method to parting? Like sticking with a brand or model?
>>14433130
My dream is to make money by working on cars that I like, aside from working 9-5
>>14433141
You need Knowledge
I read a book a day.
There 130 million English books in the world.
Choose 150 and think of them as personal mentors.
>>14433130
>>14433170
Now I'm not saying you're gonna be able to go out and buy yourself a brand new rental Lamborghini tomorrow. Or even be able to rent a house in the Hollywood Hills to make a bunch of videos...
>>14433131
The customer does all the work, but you gotta watch them occasionally to make sure they aren't nigger fucking the rest of the car.
>>14433174
Why the fuck would I want to do those things? Is that a standard goal for people these days?
>>14433180
Tips on best cars to part out?
>>14433193
I think he's facetiously referencing some very specific meta-money faggot but I don't pay enough attention to those charlies to know who.
>>14433193
It's a meme, dude. Search YouTube for 'markiplier lamborghini'
I'm more interested in the process of a title transfer during a flip
>>14433216
I hate that tool. If I wanted to do what he does I would have already. What's wrong with wanting to work hard doing something you love?
>>14433216
>markiplier
fuck off millennial
tai lopez
>>14433222
It varies state by state. Some places don't give a fuck some want you to have a vendor's license if you sell more than a certain number of cars a year and force you to do shady shit like leaving titles "open" i.e. having the previous owner fill out the title and release it but leave the new owner portion blank until you sell it, then it's like you never owned it. This also lets you avoid paying sales tax. In most states you'll either need to know a shady notary or just get your own notary license.
>>14432864
My uncle used to do it as side money in college but it's not something to make a living off of
>>14433196
Anything really, but especially cars where parts are hard to find. My buddy is having a hard time finding suspension parts for a prelude sh, might start yhere
>>14433254
Notaries aren't required in CA.
>>14433388
I just moved from CA, I bought and sold a few cars but not systematically. In FL the title transfer seems less regulated but I don't know if I'll need a notary.
>>14433259
Not as a living, but as an excuse to buy and wrench on dozens of cars
Let's cut the bullshit.
This is a "If you have to ask" kind of question.
You're a poorfag with probably no tools.. you probably don't know the first thing about blocking a head or honing a cylinder.. you've probably never replaced a seal in your life, you don't know electrical systems.
So no, you can't do it. Someone with a garage fully stocked, including spray equipment and a place for a makeshift booth, and the mechanical knowledge to understand and fix what he's buying, plus some insight into the market of used cars could make decent money doing this.
It's like all these wannabe house flippers who see the shows on TV and they are barely making any money and when you walk into one of these half ass flips you immediately understand why.
For someone that even has to ask an anime image board if it's a good idea.. trust me, you'll make more money faster working a part-time rush to close shift at a restaurant.
>>14433447
Oh right, let's go back to Nissan vs GM threads so we don't have to see the disgrace of a different thread once in a while
>>14433447
Yeah because flipping cars is one of those "jobs" that require decades of experience, marketing skills and a full garage worth of tools.
Go be le badass internet mechanic somewhere else you humongous idiot
>>14433447
Try again fuckboy.
I'm asking how to do it the right way.
>>14433447
>you don't know electrical systems
Who does, really? And why would that stop anyone from flipping or part-outs?
I buy very cheap cars with head gasket failures or worn clutches. Fix them up in a day and have them for sale after a good clean , usually returns me $700-1500 depending on how much im willing to spend on the car in the first place
>>14433042
Bullshit
If they're that cheap up there, nobody is gonna be a riced out one for 3200. Unless canadians are just retarded.
>>14433474
>>14433483
>>14433499
>>14433500
/o/utists btfo
You dumbasses think you can flip cars when you haven't even rebuilt a fucking minibike?
Good luck.
>>14433483
If you don't have a garage full of tools, like many people on this board including myself, you can't do it. Sorry champ. Back to your animes.
>>14433483
it doesnt take a garage full of tools I only have a basic mechanics set of tools , just a few spanner sets and various socket sets an just a few specialist tools for clutches , timing pins and the like, I do all my work on my drive way with axle stands , I dont buy cars with body damage because i cant be bothered with painting an filling , if it has a damaged panel its easier to get a colour matched panel cheap from a breakers yard.
>>14433521
1500 profit after towing the car and buying the clutch.
off a simple clutch change ur miraculously gaining $1500.
not buying it.
>>14433543
no i havent rebuilt a mini bike , they are worthless crap. Its a lot easier to seperate a gearbox on a civic slap on a new clutch and claim my $1000
>>14433564
show us your work area. snap a pic. and show us your current project.
>>14433567
just drive it dumbass , dual mass flywheel on a audi A3 , $200 , 1 days labour by myself and i can have it sold for $2500 after buying it for $500 . Honestly go eat shit.
>>14433587
uh huh an audi a3 for $500 and all it needs is a flywheel... and then you sold it for 2500!
enjoy typing out your fantasies of flipping cars on anonymous internet forums
>>14433574
lol ok kid
next your gonna open ur japanese tuner shop at the bottom of mt fuji right?
>>14433543
>If you don't have a garage full of tools
I've got three part-outs going right now and I haven't picked up a single tool except for the phone.
>>14433629
really? you're making a good livin' off only local buyers on niche cars. you should write a book, maybe the first person in history.
>>14433650
>making a good livin'
no I am not claiming to make a living, but why turn down easy money?
>>14433667
The margins are horrible for non-niche cars and it takes forever if you're restricting yourself to local buyers. Yeah it's free money, but not really what OP is about.
Also, head gaskets, yeah again easy money, but it's low margins. Especially since head gasket cars are usually beat to fuck aesthetically which is the most important part when selling used. So blown head gasket type "mechanic specials" are few and far between. Not exactly steady income flow.
You could make a killing re-spraying cars, though.
>>14433447
>>14433543
He said he's flipping a shitbox for cheap, not doing a full restoration.
Fucking pathetic, you're not even a real technician you're just some daddies money kid using his dads tools.
Bringing up shit like "YOU CANT EVEN REBUILD AN ENGINE!!!1" is just cringe.
>>14433804
I didn't say restoring. I said fixing.
Obviously you have no idea what goes into a full restoration if you would even think that's what I'm talking about.
A lot of cars need single panels matched, trim and/or bumpers resprayed. That's where the real money is. But, even not doing that; fixing oil leaks, head gaskets, main seals, etc. you're going to need a solid tool set and some know how.
If all you're doing is looking for already aesthetically straight cars that only need a head gasket or a clutch.. lol good luck. You might get like one car every 2 months that fit that ideal description and the margins are still shit.
Enjoy your fantasies.
>>14433743
How could I not make money parting this?
http://sfbay.craigslist.org/nby/cto/5406393197.html
>>14433804
if it was my choice i wouldn't even let people who didnt know how to rebuild an engine post on this board.
my current project bought for £100 , got another head from a breakers £50 and a new belt and bolts and gasket for £60 , Will sell for £700.
>>14433887
You absolutely could. You'll make a lot of money every year that single find pops up.
I guess im just an idiot who has never rebuilt these exact engines a dozen times and doesnt know what he is talking about.
>>14433893
>>14433904
How are those MGs?
>>14433911
So you know how to rebuild engines and have a full set of tools?
So then you aren't who my post was directed to was it?
Stay in school kids.
>>14433870
Cosmetics don't matter in low level flipping, that's literally restoration shit. And even then I'm sure he could do the prep work himself and get a shitty maaco paint job.
And bringing up individual maintenance shit off the top of your head doesn't make you look experienced. It just makes you look like some kid that read it out of a textbook.
I did all of that when I was a teenager with a cheap snap-on set from my minimum wage job and an internet connection.
Like fuck right off with your daddies tools and daddies money you fucking faggot.
>>14433447
Thissss......This post so much.
Do be done "right" in the sense that you want to make money:
-You have to buy either buy cars with existing problems, so that you can get them for cheap, or go to auctions, where you have a very limited ability to check the car out before you buy it
-This means you have to have the ability to size a car up quickly and accurately generally from nothing more than a visual inspection. You need to know how to look for accident damage, prior paint work, clamp marks, and common places where rust or leaks might happen
-You have to stick to 'high volume' desirable cars that will be easy to find buyers for. Usually means (in my area at least) Honda/Toyota/Nissan/cheap trucks/cheap SUV's
-Because of this, the margins in most cars are usually pretty slim (1000 to 2000 depending on the car).
-This all assumes of course you have a good set of tools, a decent diagnostic computer, and all the shit required to do a really really good detail job (which means buying or renting a hot water extractor, buffers/wax/polishing compound, 50+ rags, brushes, interior cleaner) and the ability to do some basic body work and basic paintwork (cosmetics will matter more than mechanical restoration on MOST low level flips)
-Also assumes you have the spare time to be able to do a seats out detail, fix the body work, and do the necessary mechanical work to sell the car at a price that makes it worth your time
-If you don't have 4-5K in capital to get started, don't even attempt this, because you can, and if you do it long enough, will get burned on a car that turns into a rats nest worth of problems
The most money I've ever made on a flip was a Dodge Ram pickup that I pulled in a little over 4K on, and that was just a matter of having the right vehicle at the right time
>>14433901
FREE VEHICLES
https://losangeles.craigslist.org/lac/cto/5442600001.html
>>14433913
bad for head gasket failure , but very cheap to repair and buy because of it
>>14433923
yes i've everything I need to get the job done , only thing i dont have is a spray booth , but im planning on building an area for that.
Pic is my T16 turbo build
>>14433952
Exactly.. you aren't anything like the person I'm replying to. You realize that flipping cars takes actual work and requires actual tools and requires repainting panels and trim to make the good money.. exactly what I'm saying.
But 90% of the people in this thread are not like you. They are anime watching weebs who have never touched a hand tool in their life.
>>14433927
>Cosmetics don't matter in low level flipping
Said the guy who has never flipped a car in his life. Cosmetic is the biggest selling point of a used car. If you want to make peanuts flipping cars with bad head gaskets and shot paint every 4 weeks for $500 go right ahead.
>And bringing up individual maintenance shit off the top of your head
You mean the most common things you see wrong with cheap cars? Lol
>I did all of that when I was a teenager with a cheap snap-on set from my minimum wage job and an internet connection.
What they hell are you talking about.. are you bragging about doing simple maintenance or something
>Like fuck right off with your daddies tools and daddies money you fucking faggot.
Literally what? You sound like a moron.
I was going to say you sound like a bitter greasemonkey who thinks he knows shit because he does airbag recalls for 9 hours a day, but I honestly don't even think you're a mechanic or even have a job for that matter.
>>14433943
Finally someone with some fucking sense.
>>14433951
cool you found a list of vehicles that are barely worth the cost of scrap and the gas to tow it. *claps*
the 318is is a good deal because you can sell the lsd and trim on it for a lot and because the e36 is a tuner car with a solid used parts market.
it's not a 1991 Buick LeSabre which is the type of car 90% of what salvage yards are comprised of.
>>14434016
Yeah you're a faggot like I expected. Same with that fat inbred tripfag that everybody jerks themselves off over his greentext stories.
Aren't you late for class kid?
>>14434016
>Finally someone with some fucking sense.
I don't know if it was you or not, but it's just like the post that compared flipping cars to flipping houses. You get a LOT of people who try and do it, and have no idea what they are getting themselves into
>>14433447
>>14433943
>>14434016
>can't be done!
Yet somehow you guys manage it. Afraid of some competition?
My brother went from the shell of a 240 and with a couple smart trades he now has a 2001 Golf and a VW Cabrio (No idea what year but he said it was the first model), and both are in running condition. You just gotta be smart and add little things to raise the value on idiots.
>>14434082
Because those people think that flipping shit is just buying low and selling high with no work at all.
And flipping cars and houses is not the same thing at all.
>>14434083
I never said it couldn't be done. It obviously can be.
I just pointed out it takes a fair amount of work, knowledge, and pre existing equipment to be done in a profitable way. Not to mention, I can buy from closed/dealer only auctions, which helps boost my profit margin.
People tend to think of this as just some casual activity to pick up, and sure, you could casually flip two or three cars a year and make some extra cash, BUT if it's something you are trying to do on a regular basis, you have to do a cost/benefit breakdown on the amount of money you actually make vs the time you spend on the car. If you could have come out better working a part time minimum wage job, then it's not worth your time
>>14434079
>Same with that fat inbred tripfag that everybody jerks themselves off over his greentext stories.
Doesn't change the fact that I know what I am talking about when it comes to flipping cars
>>14434109
>And flipping cars and houses is not the same thing at all.
I just meant the attitude of people who try and do it casually is the same, in that lots of people think both will be easy, when most of the time, it's far from it
>>14432959
If you need a mechanic to check over the car you're flipping you don't know enough to flip cars.
The best way for this to work is buy something with trivial issues for cheap because the owner is a poor idiot /bum. Then fix and sell for way more than bought.
>>14433029
Of any cars ever, cheap civics are the most likely to stay running of all of them.
>>14434124
>come out better working a minimum wage job, then it's not worth your time
But what if I don't want to get yelled at by nigs at McDonald's? I'd rather work for myself.
>>14433059
2.0s are cheap no matter what tho. And 1.8t are likely to be beaten to piss. If you could get the 1.8t for 1k it'd be a good deal. But 2k is cutting profits short. Selling my jetta was the most annoying thing ever. Everybody wanted a cheap as fuck vw and when they realized the cheap jetta with 200k wasn't mint they'd be pissed, or not even show up yo begin with. Vey annoying
>>14434144
Hey, if you're ok with that fact, go for it. I'm just not personally going to invest my time in something unless it's profitable enough on the other end.
>>14434153
Another glorious aspect of flipping cars, getting to deal with shitheads from Craigslist on a regular basis
I've sold about 16 cars since I started two years ago doing this for side money, maybe I'm doing it wrong but I think there's no way you can live off it since you could make more money in a year flipping burgers. I don't buy cars under $1500 and I don't buy ricers, I go for stuff like older audi a4s that have bad clear coat (I repaint them), foggy headlights, cracked leather, etc. stuff a car-illiterate woman would look at and assume it's a bad car. if it's all prettied up for $60 of paint and a couple bottles of polish and shine I can offload it on someone pretty fast. people also seem to think "fresh paint" = valuable car since someone paid to have it painted. any specific questions?
>>14434175
>maybe I'm doing it wrong but I think there's no way you can live off it since you could make more money in a year flipping burgers
You can't, lol. Doing it for a living is called running a dealership.
>>14434175
Do you part cars too or just flip?
>>14433447
This times 1000
Cant believe all the delusional fuccbos combatively responding to your post. LMAO just let them try
I'm really more interested in the title things. For the cars I've flipped I usually just skip the title signing but for someone who's done it more than 2 times what do you do? NY if it makes a difference. Is it worth signing them over and eventually using your selling numbers to get a dealer license?
>>14434353
I usually sell with a Bill of Sale only and let the buyer deal with the DMV paperwork.
>>14434361
In NY you need a title to register the car. The owner signs his name on the back of his title and you sign yours to transfer ownership. What I'm saying is usually do people transfer the title to their name, then wait a month for their title to be mailed to them, or just skip that and never sign their name and have the buyer sign theirs. Because there are pros and cons to both.
I don't mind paying to transfer the title to my name but getting the title takes soooo long
>>14434380
I just say the Title is lost. The buyer then has to go thru some additional bullshit but who cares.
>>14434410
Buyers often, you imbecile.
>>14434472
Buyers often what?
>>14434410
Doesn't work like that here. Only person who can get a new title for a car is the title holder, they can request a new title. But if it's not in your name you're shit out of luck here.
>>14434484
What if a car is abandoned on your property?
>>14434484
I have never had a buyer come back so it works fine for me.
>>14434507
I'm sure there's something for that, but ny is ass so I'm assuming you have to jump through 10 billion hoops just to get it to work.
>>14434514
In ny?
If you have a flatbed car trailer and a truck that can tow it safely you are in a much better boat. So many cosmetically good cars with busted transmissions or motors that can be fixed in a weekend and less then $1000.
The issue is most people on /o/ cannot afford a truck and trailer to go pick them up.
>>14434380
It is illegal (go to jail illegal) to hold onto a title like that. Easy to get caught as well because the seller will report it sold to the dmv unless he is an idiot.
>>14434761
I've got access to a truck, trailers can be had at uhaul for the afternoon for 60$. That's how I've been doing it till I can get a good one for myself
>>14434777
>go to jail illegal
It's illegal to lose a title?
>>14434777
Yes I am aware, but many people do this. And I know some places don't have a report sold thing in their state. I know some states have a slip you rip off the title that the owner gives the dmv to report it sold. But most people don't do this.
>>14434785
No, to sign the title over from the person you bought it from to the person buying it from you. It's called title skipping
>>14434215
I'll sell off parts I take off or replace, but the only car I got to part out was a rotten 68 Camaro because it had some hard to find original pieces intact. bought for $600, after a few months I had sold about $800 of parts off it then took it to a junkyard and got another hundred for the scrap. I would only ever do that again to a more popular classic like a 67 mustang or a c3 corvette, the Camaro was just not worth it for all the time I spent on it.
>>14433532
have you heard about our PM?
