Make $1000 a Day Buying and Selling Cars
Вставка
- Опубліковано 16 лип 2023
- Make $1000 a Day Buying and Selling Cars
Book a Consulting call with Lucky
automotivelife.com/#section-d...
Contact me at Lucky@Automotivelife.com
Text Only!!!! 24/7 702-550-7447 Text Only!!!!
Visit Our Website for Online Courses & Consulting
www.AutomotiveLife.com
IG 📷: / luckylopez
FB: / automotive-life-207241...
FB Group : / 902062033615916 - Авто та транспорт
Take this like for the 118 degrees
yessssss
@@LuckyLopez777 stay cool. When you’re in the AC, and your brain is normal - do a collab with Brandon. I love his shit, and you two have good chemistry.
@@tcs234567 Lucky is so far ahead of Brandon Brandon is a junk dealer
You can tell he is FEELING the heat in the video lol
I’m like man do the rest of the video inside lol
AZ desert resident here I feel you on the 118 degree heat its draining
- Safety and Mechanical Integrity First
- Be Wary of Scammers and Shady Deals
- Document Your Expenses and Stay Within Budget
- Marketing and Presentation Matter
- Speed is Key
- Learn from Experience
Been trying to figure out how to get a way into a career with cars that’s reasonable and doable and honestly this is a great guide for a fairly inexpensive entry to see if it’s something I’d actually like to do or not and could open many future avenues. Appreciate the grind.
Thanks I appreciate it
Exactly how I was trained in from a guy who had an independent dealership. You words were exactly what he said. And he proved it to me. Great video!!!
Thanks for sharing
@@LuckyLopez777 those poor people will lose 1000 dollars a day
you just gave out life advice for every profession. Start small. Be persistent. Every no can become a yes. Wonderful life lessons, Lucky
Absolutely!!
Lucky great work man. So honest that’s hard to find these days. Car guy here love the content. Keep up the good work brother.
As a fellow Vegas local and having been in the auto industry, I'm not even looking for a vehicle but appreciate the info you provide. As you know, it is hot as heck here. Stay cool and hydrate!
You are a true hustler; very inspirational!
You are a very talented communicator Lucky! I saw you on Wealthion and have become a big fan of your channel! Great work!
My favorite car to flip back in the day was Corollas ...id buy 03-05s for $800-$1000 and sell for $2500+ same day after a full detail head light polish and sometimes Oil change..new $8 floor mats. Now those same cars are selling for 4 grand!
Thank you Lucky, always looking forward to getting advice from you weekly.
My pleasure!
Great informative UA-cam Channel, Thank you Lucky
Great advice. Cheers from Australia!
Great Video Lucky...Thank You.
It's a lovely business. Lucky, you had some great tips in this vid, probably the best video you have done in a while
Thank you for keeping it real with the viewers I flip classic cars and that market is real niche
Any time!
All good info, even for just buying a used car for personal use.
While I have no interest being a car dealer. Kudos to lucky for giving well thought out and timely information to help rookie dealers tilt the odds of success in their favor.
thanks 😁👍
LMFAO you said homelss gang bang! Thanks man I needed a good laugh. Having been a silent partner in a failed tote the note car lot you just gave a ton of good advice.
thanks 😁👍
Thank you, Lucky. Very useful info as always.
My pleasure!
Thank you from Vegas
Great info Lucky, yep yep and yep! I do all the above. Glad ya didn't stroke out, Crazy heat, broke a record in Sacramento yesterday, 109, Yuck! okay, carry on......
Sounds like you are right by North Las Vegas. Good advice!
Great video! I was wondering, How do you get a wholesale license in the state of Nevada?
It is so hot here 🔥🔥🔥 Loved this video. I hope I can find a few to detail and flip.
May the Lord bless ur generosity Lucky. Most ppl would give this info through a charged e course. This is pure wisdom. Im not even a car guy! Its all fascinating to me
So you have a wholesale license then with a repair facility essentially so you’re not limited to what you can and can’t buy? You’re not selling direct to consumer? I’m between class b and class w! I love your high volume model at $750-1k / car. That’s what I aim for, 10-15 cars a month direct to consumer, but if a wholesale license makes more sense from a zoning standpoint, I’ll go that route.. “You can’t replace a customer, you can always replace a car.” Love it bro. I aspire to do exactly what you’re doing! Located in southwest MI. Keep it up and thank you for the unmatched value!
GREAT info! Thanks Lucky
Any time!
your content is amazing, I started flipping cars that were not mine, people contact me with cars that they wanted to sale but they don't have time to do it themselves so I detailed the cars and posted on Facebook, got a 20% commission out of each sale, I saved that money and got my first car from a city auction, 2014 Ford explorer police interceptor, fixed at my pace and listed on Facebook, the car got sold 3 days after and I made 50% profit, now I'm going to reinvest the money, targeting to get 2 cars this time. you inspire me! Thanks a lot
👍👍 Good info. I miss Vegas and Banshees in them small dunes and trails by Nellis. Sounds like all truth to me on what your doing....you laid it out for reals. Im not even gonna try it😅 I do know cars and can fix them, but I will stick with plumbing. I do pretty good. Keep it up, Im still watching. Thanks
Right on
How are you estimating what they will sell for at auction? Are you using a base model car and using the low end of MMR as a goal? Thanks.
Great video
Great video Lucky , I wanted to comment early into your video but waited until the end and you said what I wanted to. If you want to get into the business go work for a dealership and learn from them.🧐
Thank you Lucky!
Our pleasure!
Thank you so much for the value!
My pleasure!
Me and my friend are making hand over fist in cash, I’m a master of sales and marketing and he’s a master at mechanic work. He finds the deals, fixes, then, I sell them, and we split it evenly
Team work makes the Dream work
What city you in ?
Lucky going back to the basics! 👍
Facts!!!!
Lucky. Thank you for doing this
thanks for watching
Thanks for the insightful video once once again. When the market falls, do you find that salvage vehicle prices rise as well?
No they are going down. no one wants to fiance and people are pick on titles
If I may ask what can a minimum I can make being a buyer for a dealer or just flipping in general
Valuable information
Hey lucky how do you go about the title transfer? Should I put everything on my name? How does that works?
Ohh yesss ! This WILL be mine ..😅
Awesome video ... now I know why I can't score a cheap beater for myself on Craigslist lol
Hi I watch all your videos just got my dealers license in houston Texas just have a small office and 5 spots I want to do wholesale but I feel like dealers don’t like buying from small dealerships at the auction any recommendations thanks
Good info. Im a mechanic by trade with a truck a one car hauler and some money to invest. Im trying to figure out how to work for myself. I keep hearing you mention mobile mechanic license. How do i know the value of cars i want to buy or does that just come with experience?
Is it better to buy a car from a independent owner? Or auction? And what would be the mileage cutoff?
I'd love to get into a car auction, but dealer only, and the rules to get a license, the states make it hard on purpose
I have been flipping cars on the side while I sustain a full-time job as a manager for one of the local wireless companies. After losing lots of money, buying the wrong cars and about three years of learning on my own the hard way. I can finally see improvement on how I choose my cars and finally have been able to make some profit on them. After 22 years in the wireless industry being diagnosed with anxiety and high blood pressure, dealing with customers, I decided to go all in to flipping cars. My big question to you. I was looking to get a brokers license, but I may just get a wholesale license. I like the idea of buying a few cars fixing them and put them back in to the auction for a quick profit on each. Will I need a broker license or a wholesale license to accomplish this? Or do you suggest having both. In this case what type of auctions will I be able to place these fixed up nice cars once I fix them to make any profit on them. Locally I have Copart but usually they sell junk cars and I’m afraid I’ll end up losing money there. to finalize I just want to tell you thank you very much for the Video. You couldn’t make this any better for someone that is trying to learn the business. Thank you again!
The problem with California is you legally can’t sell more than one car for profit unless you have a dealer license.
One of many problems with humanist socialist people's paradise, California.
@@jamesrecknor6752 ya ultimately they just want to collect more and more taxes. After all the fees on taxes and taxes on fees Californians are giving up half their income to taxes. Worse than the mafia.
What a wonderful video.
So much great information regarding making money flipping cars.
Just wondering 💭, is it difficult selling cars in a very hot 🥵 area? I live in Paso Robles, California and it gets into the triple digits here and I hate hot 🥵 cars.
Thank you for an awesome informative video.
Blessings, Carlos ✝️🙏❤️🇺🇸
thanks i appreciate it
DON'T BUY any cars that have NON working AC unless YOU can fix it yourself
What would you recommend someone do when they got less than $1000 saved as a first step towards buying and selling cars? Should i get licensed first and an office with insurance? I just was thinking what point is it to build a relationship when you cant even sell the car if you get one
Don't stroke out Lucky, I appreciate you.👊
Im trying not to. just trying to lose weight lol
How about sticking to one type of cheap cars like Toyota or Hyundai for example
Hey lucky quick question i just recently got my wholesaler license here in Arizona. Do you ever recommend purchasing cars from the dealer auction that are needing work? I havent bought anything yet i was planning to sell at auction.
thats what i do. if your good with repairing cars
What would be the best way to sell other people’s (dealers) cars ? And the the commissions
The curbstoner in me says sssshhhh😂. But yeah I made good money from a minivan with trash falling out when you opened the doors. Took out the carpet, powerwashed it. 2k profit. Also folks, don't take pictures at the car wash so your car looks shiny lol.
Nice!!
Am I able to book a coaching call/hour with you?
I just relocated back to Phoenix, all ready to go. Long time dealer tech and lots of experience in the business. My plan: wholesale to dealers at auctions
Been selling cars flipping since 2012 great business I bought nothing over 2005 for 5yeaars starting off but then moved to nothing above 2010 currently I am a mechanic it helps 🛠 but its money to be made
An incredible amount of very valuable information, being given for free.
I feel “Lucky” watching this 😊
Gracias López
Might want to start with the fact that it's illegal in every state to buy cars with the intent to sell them for profit without a dealer's license. You can sell cars for profit, but not if it was your intent on purchase.
Good video but there are a couple things that you missed: one paying taxes on the car (before you have a company) and the length of time it takes to get the title after buying it. In NYS you need a lot to get a dealer's license too. What parts are you looking for on the Subaru, maybe I can help. Thumbs up for not "stroking out". :)
thanks I appreciate it
AVOID CARS with title problems
DON'T BUY auction cars without the title present, they will tell you if it's not there
I need to learn more bro before i start this flipping business
Always drop 🔥
Gereat video Lucy!!! How do you buy and sell cars without delaers license? Here in wa state limit is a 4/year if you dont have license. Thanks again!
"lucky" 😀
No need to apologize for the sound of freedom! 🇺🇸
I bought dealer auction cars using a small Mom and Pop dealer's license of a friend of mine for 25 years. I had another job that took me out of the country so I wasn't doing volume, but it worked great.
I did something that NOBODY is talking about, I put the cars in MY name, paid sales tax 8% and got a regular tag.
You might think that is CRAZY but when you have cars you bought right, you can spend 10% registering it. ALL this W/O me getting a dealers license. I'll spend 10% any day to avoid spending all that $$ for a dealers license.
When searching for cars on places like CL, I always put in values like $200-800 to see what pops up, you NEVER KNOW and that beats going through thousands of ads. Work the value up slowly into your max value you want to spend.
In today's market I question if it's a good time to get into this full time, things are pretty shaky, not to mention car insurance is out of sight
its definitely going to get tough in the car biz the next 12 months
@@LuckyLopez777 RIGHT, Time to find ways around spending (wasting) money
My favorite saying on OfferUp listings is “No low balls!” 😂😂
You can’t flip without being a dealer over time. You might be able to flip a CL deal but the path is to become a retail dealer
Hey lucky I always appreciate the content I recently opened up a used car dealership in Las Vegas, and I’m having trouble getting customers in, I haven’t been taking pictures in a nicer location, which now I will do, I keep my cars clean. I was wondering if you have any advice for me, I only have 10 cars right now we got our temporary license already, and I have been struggling to get cars sold, more so getting customers in. Any words would be appreciated. Thank you.
Congrats. its going to be getting ugly in vegas. what ever you do dont buy alot of cars with your flooring line. and watch your fisrt payment defaults
I'll give you a tip put on yr., make, model, mi., price etc on the vehicle..... your price should be cash plus tax and title... no other fees, no pressure sales that will drive people away, if you offer extended warranty offer them one that you would want to buy for your vehicle and offer it for a reasonable price if they say no Let It Go your goal is to sell them the car and last but not least be honest.. lying will put you out of business....
it will take a little time but once people figure that out and your reviews start coming in it'll bring more business...
You guys are amazing thank you 🙏
What of you wait long to sell
If someone was that wrong about carvana, can he be trusted for anything car related?
Hey Lucky, you want that Lamborgini, you want that Maserati, You want to live fancy in the Hollywood Hills, Gone in 60 seconds. Its too hot to sell cars.
I have had a lambo and masarati. all i want is a Turbo Smart Car
Liked! Well deserved
Much appreciated!
How do you do it with test driving the car? Do you transfer the title to your name? Do you add insurance and get a 30 day temporary tag? Thanks lucky
Plus 1! We need an answer to this
If you take pictures in front of graffiti for commercial/advertising purposes keep in mind that you are legally financially obligated to pay any artist who's work is shown for using their artwork. Usually you will never hear from the artist but if you are contacted by them or their legal team you will be financially responsible for the licensing.
Five Stars for a guy giving insider information from the trenches !!
thanks. Much appreciated
Do painting cara increase their value?
How do you do this, but in the auctions? I have access with my uncle, not sure where to start.
look for cheap cars and meet dealer
Most important thing is to have cash!!! Lots of it to cover your cost of living + to buy cars then need to wait time to sell cars! Need cash 🎉 otherwise its working scheme 100%
I crazy how you mentioned mobile mechanic now they dont like being called mechanics not necessarily the mobile guys but in general the shop guys like being called techs
Here is some advice that I was given from an Old crusty car dealer when I first got into the business 31 years ago. He said Son you want to know how to make a small fortune in the car business, I said yes , He said start with a large one 🤯
Im about to try and sell my personal 2012 Escape with 155k soon. Its good shape. See how it goes.
Do you buy the cars to be Cost of Car+Recon=500-1k under MMR so you end up selling at MMR at auction?
I try to be under MMR. but cars under 8k seem to go over mmr 500-1000 avg
@@LuckyLopez777 did you mean they sell 500-1000 avg above mmr ?
Smashed Like preemptively!
thanks 😁
Omg 15:35 😂
So basically buy $10,000 cars for $3500. Really the biggest issue is all the $10,000 cars out there are being sold for no less than $12,000. Forget about finding them for $3500.
Is hard if not impossible to find a car per day I do it but 1 car a week 1-2 k profit something 3-4-5k when I get a cheap deal but finding cars this days is hard they are expensive! I only buy clean tittle
And no old cars 4K plus cars
Under that they are mostly a risk to have unknown issues unless you are a mechanic!
Here comes the exit liquidity
I can attest to FB marketplace. I sold a non running older Lexus for a few thousand in less than 2 hours.
It’s call jump title if u don’t register all of the car under a business or a dealer
Dealer or Wholesale or buyer.
how does titling work when you flip cars and you're not a registered dealer? do you just not sign the title and pass it on?
I would check you state for limits you can sell 5-10 cars. to see if you like car flipping then go get a dealer or wholesale license
@@LuckyLopez777 thanks!
NOT being a dealer and selling a car with a title from the seller with his signature- and selling it to someone else IS ILLEGAL, it's called JUMPING THE TITLE
Where are you reselling the cars ?
Auctions
Thanks for giving away so many secrets!
You are so welcome!
👍🏼👍🏼👍🏼
😁👍
Dude 118 defreees ??? JESUS MAN SALUTE
Great, now i have to worry about shoe kids beating me to a listing
It would be a dream to start selling cars 😭
Bro, do you even lift?