I am excited about today’s episode of The Car Flip Show! While updating my own listings on the Facebook Marketplace, I came across a fantastic deal on a 2005 Jeep Wrangler!
In this episode, I’m going to reveal to you my exact template for beginning a typical car flip. One key to note, when you find a deal, you’ve got to act FAST before it’s too late! That’s exactly what I did. You’re going to see what to TEXT first; calling is my backup option. You’ll also get a feel for what I’m initially looking at while examining the vehicle in person, and then I share one of my favorite parts of the car flipping–negotiating AGAIN.
Later in the video, we’re going to take a walk around the vehicle in the light (I bought it in the dark) so we can estimate what I’ll need to invest in to recondition the vehicle to make it appealing to a potential buyer.
Finally, I’m gonna go over the numbers as far as what I have invested in the Jeep, what I’m planning to invest in fixing it up, and how much I expect to profit from flipping this vehicle.
More key takeaways:
– Learn the value of specific vehicles in order to recognize deals and price your vehicles accordingly (for profit) (Especially valuable for mechanics that know the costs of reconditioning work)
– Learn the costs of repairs specific to the vehicles you want to flip so you can calculate your potential profit margins during the buying phase. (Valuable when you learn to spot deals)
– Niche down into specific [profitable] vehicle types to simplify your process
As always, if you have any questions or comments, drop them below. Occasionally, your questions find their way into future episodes of The Car Flip Show. We’ll see you in the next episode!