Flipping CARS. $$$. (Building a System)

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  • Опубліковано 27 сер 2024
  • Flipping Cars System. Do's and Don't
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КОМЕНТАРІ • 70

  • @marrisgroup301
    @marrisgroup301 3 роки тому +10

    Flipping cars is one of the best businesses when done right. I totally agree on the need for a system. Systems work

  • @pjayshah
    @pjayshah 3 роки тому +7

    When you say we need to know how to fix cars, I get the impression I also need to be a mechanic also or have experience fixing car. It starts to give me the idea a person with no experience fixing cars can’t or should not get into this business. So, the main question I have to figure out for myself is should I first learn how to fix and then only get into flipping cars is what I am thinking 🤔.

    • @LuckyLopez777
      @LuckyLopez777  3 роки тому +5

      Mechanical knowledge helps. but if you don't have any. find a good tech

    • @OneOut1
      @OneOut1 2 роки тому

      Having diagnostic abilities is most important. Even if you dont know how to preform the work knowing what thebproblem is and roughfly what it costs to fix is important

  • @bobsides5870
    @bobsides5870 3 роки тому +2

    Lucky I enjoyed the Range Rover video. It took us step by step, on how your systems is set up and decisions that were made and why. Bravo

  • @bryanfugate2272
    @bryanfugate2272 3 роки тому +2

    Lucky: Great Video, with each Video your expertise & experience shows how valuable a resource you are. Thanks

  • @utahtrucksunlimited9369
    @utahtrucksunlimited9369 3 роки тому +2

    Great info! I recently started a small lot and these were some great ideas for me a few things I’ve never thought of. Maybe you’ve talked about this in other videos but something I think you should touch on in the system is how to know what is a good deal. Most of the time you need to be able to decide this very quickly in order to get something bought no matter the seller because there are always others interested. I have found in this crazy market there have been even more deals than usual. 1 because people hear about the market and think they can get a lot for their vehicle that’s been sitting out back so they throw it online for what they heard they could get when in reality it’s worth more. 2 because people are buying absolutely anything so cars I would normally never buy I have been flipping like crazy lately. Won’t last forever but it has been awesome to ride the wave while it’s here. I’m definitely going to try some of these tactics as things slow down in the market and I need more cars.

  • @Camo-Dan
    @Camo-Dan 2 роки тому +1

    great tips and good motivation here, thank you! I flip cars part time. I am super slow at it and still getting my garage setup ready and I have a 2009 nissan versa lined up for my first flip that I bought last year for $500. it's worth around 2k and is in good shape. needs a bumper and it runs super rough. like on 2 cylinders. i'm thinking its a simple fix though like a coil pack or something. tomorrow I'm doing a compression test to see if the engine is good or not. I left my full time job for a 30 hour a week job as a mechanic to free up time to start this business! it's extremely stressful and overwhelming but im super confident and excited to begin. I also found a 2008 ford escape on fb marketplace that im taking a look at this weekend in my area to get my second flip lined up! they're asking 1000. interior is perfect looking and needs a transmission. im going to rent a trailer from uhaul. try to offer them 750 and tow it home if i can arrange a time!

    • @OneOut1
      @OneOut1 2 роки тому

      If it needs a transmission you're probably only one of a few buyers.
      Offer 500 and wait.

  • @bena9221
    @bena9221 3 роки тому +1

    True talk lucky, there isn't a school that will teach you this and thanks for the education

  • @KenSDCA
    @KenSDCA 3 роки тому +1

    Yaay, Lucky!! Roots rock stuff that anybody can do to get started in flipping, profitably. EPIC SHIT!!!

  • @mklockley
    @mklockley 3 роки тому +2

    Great info brother. My license came this week it's onnn

    • @LuckyLopez777
      @LuckyLopez777  3 роки тому +2

      Nice. What city and state you open up at

    • @mklockley
      @mklockley 3 роки тому +1

      @@LuckyLopez777 Wilmington Delaware

  • @mikemillie3826
    @mikemillie3826 3 роки тому +1

    Some of mobile mechanics takes cash but their is no reports or paper works that car had issues and repair is done for customers

  • @clearvuwindowtint
    @clearvuwindowtint 3 роки тому +1

    Just here to comment and like.......for the you tube algorithm

  • @DunnDifferent
    @DunnDifferent 3 роки тому +1

    I buy at wrecker auctions online. There are always 2-5 great deals each auction. The only real issue is the title issues. It takes 3-5 months to even get the title paperwork. Great if you want time to work on the cars over time but sucky if you’re trying to quick flip.

  • @higherregion
    @higherregion 3 роки тому +4

    Why is this guy bringing me donuts every week..Is it cars he really wants :)..lol

  • @thejuggler
    @thejuggler 3 роки тому +2

    Super fun finds! Congrats on those.

    • @LuckyLopez777
      @LuckyLopez777  3 роки тому +2

      Thanks a bunch! Mondays video will be fun

  • @OneOut1
    @OneOut1 2 роки тому +1

    Begining years ago if you bought a car for 300 and auctioned it for five hundred thevonly people who made money was the auction.

  • @kevinjardine9528
    @kevinjardine9528 3 роки тому +1

    I have found on my job the same thing donuts or sodas a 12 pack.

  • @hernandopizarro755
    @hernandopizarro755 3 роки тому +1

    Great tips!

  • @weldingpack3893
    @weldingpack3893 3 роки тому +1

    What’s your favorite way to sell cars and why? In house financing, cash, third party financing, or through auction?

  • @downbeatfinancial
    @downbeatfinancial 3 роки тому +1

    Solid advice! Love the video

    • @LuckyLopez777
      @LuckyLopez777  3 роки тому +1

      Thanks 🙏. Trying to put out good content

  • @jordanberry3989
    @jordanberry3989 3 роки тому +2

    What's up with the website? Videos do not work. Was looking for help getting people financed. I paid for the Dealer License & Training.

    • @LuckyLopez777
      @LuckyLopez777  3 роки тому +1

      It’s working? Email us Lucky@Automotivelife.com

  • @Couple_a_Cooks
    @Couple_a_Cooks 3 роки тому +1

    Beautiful car, would you ever be interested in Building a Ford GT40 from RCR? It might be a cool project

    • @LuckyLopez777
      @LuckyLopez777  3 роки тому +1

      I would love to Build one. but $40k. plus another $40k to finish. is tuff to pay all cash lol

    • @Couple_a_Cooks
      @Couple_a_Cooks 3 роки тому +1

      For sure, no one on UA-cam has a quality build video. It could be a great promotional piece or good UA-cam material. Just something to think about.

    • @LuckyLopez777
      @LuckyLopez777  3 роки тому +1

      @@Couple_a_Cooks Hopefully they will send me a free kit 😁👍

  • @urbandisciple5414
    @urbandisciple5414 3 роки тому +1

    As a wholesaler, what about online auctions such as eBay, auto.com, Autotrader, etc.

    • @LuckyLopez777
      @LuckyLopez777  3 роки тому +1

      Wholesales can sell to the public. you can only sell to Auctions and Dealerships thats it

  • @bronson8062
    @bronson8062 3 роки тому +2

    Sounds like maybe the donut business is the way to go xD

    • @LuckyLopez777
      @LuckyLopez777  3 роки тому +2

      Facts lol. It’s a $200-300 day for donuts 🍩

  • @charliehernandez7158
    @charliehernandez7158 3 роки тому +1

    Luck
    Opening a lot in north Carolina and I was wondering if you can tell me which banks do independently

  • @watotoflippingcars
    @watotoflippingcars 10 місяців тому

    Very true

  • @charliehernandez7158
    @charliehernandez7158 3 роки тому +1

    Who does independent dealers floorplans in North Carolina?
    Which banks do independently own places?

    • @LuckyLopez777
      @LuckyLopez777  3 роки тому +1

      You have to set up a call for that one

  • @Ricocase
    @Ricocase 3 роки тому +1

    Cool video! For the time required to 'part' a car, is it worth it for $200?

    • @LuckyLopez777
      @LuckyLopez777  3 роки тому +2

      We dont touch the car they pull the parts. not us :)

  • @airolg3935
    @airolg3935 3 місяці тому

    Do you need a dealer license for buying REPO ? in NV

  • @urbandisciple5414
    @urbandisciple5414 3 роки тому +1

    I was wondering as a wholesale dealer can I flip my cars in a public auction, as well as a dealer auction?

    • @LuckyLopez777
      @LuckyLopez777  3 роки тому +1

      Dealer auction yes. You can’t do anything with the public.

  • @jordanbebee6099
    @jordanbebee6099 3 роки тому +3

    first

  • @happydays454
    @happydays454 3 роки тому +1

    Sup

  • @user-kh4gc1kn5n
    @user-kh4gc1kn5n 3 роки тому +1

    ✌🏼👏🙂😀🤗👏

  • @Couple_a_Cooks
    @Couple_a_Cooks 3 роки тому +1

    Second