2 answers
2 answers
Updated
Shirley’s Answer
When it comes to car flipping, the line between a solid profit and a costly mistake can be razor-thin. Here are some of the best ways to come up — and where people often slip up:
Ways to come up in car flipping:
Buy below market value from motivated sellers (especially private party listings).
Use alerts (like Facebook Marketplace and Craigslist) to grab deals fast.
Focus on reliable brands like Toyota, Honda, and Ford — they move quickly and hold value.
Learn basic repairs to increase resale value without paying full mechanic rates.
Build a local buyer network — people trust flippers with good reviews or word-of-mouth.
Common slip-ups to avoid:
Skipping inspections and ending up with hidden engine or transmission issues.
Overpaying out of emotion instead of sticking to the numbers.
Neglecting paperwork — especially titles, bill of sale, and emissions/safety tests.
Flipping too many cars without a license — depending on your state, that can get you in legal trouble fast.
Undervaluing your time — sometimes it’s not worth flipping if it takes weeks to sell or needs heavy repairs.
Car flipping can be a great hustle if you're smart, fast, and legal. Do your research, stay disciplined, and you’ll see the profits roll in.
Ways to come up in car flipping:
Buy below market value from motivated sellers (especially private party listings).
Use alerts (like Facebook Marketplace and Craigslist) to grab deals fast.
Focus on reliable brands like Toyota, Honda, and Ford — they move quickly and hold value.
Learn basic repairs to increase resale value without paying full mechanic rates.
Build a local buyer network — people trust flippers with good reviews or word-of-mouth.
Common slip-ups to avoid:
Skipping inspections and ending up with hidden engine or transmission issues.
Overpaying out of emotion instead of sticking to the numbers.
Neglecting paperwork — especially titles, bill of sale, and emissions/safety tests.
Flipping too many cars without a license — depending on your state, that can get you in legal trouble fast.
Undervaluing your time — sometimes it’s not worth flipping if it takes weeks to sell or needs heavy repairs.
Car flipping can be a great hustle if you're smart, fast, and legal. Do your research, stay disciplined, and you’ll see the profits roll in.
Updated
Dave’s Answer
Hi there Von,
If you're going to start flipping cars the first thing you need to do is either be a licensed mechanic or hire a mechanic. If you sell someone a vehicle that is unsafe you could be very reliable for lawsuits as well as arrest. You'll also need to have a fair amount of money to be able to buy these used cars that you're going to fix up. If you're going to start a business, you need to invest in it.
If you're going to start flipping cars the first thing you need to do is either be a licensed mechanic or hire a mechanic. If you sell someone a vehicle that is unsafe you could be very reliable for lawsuits as well as arrest. You'll also need to have a fair amount of money to be able to buy these used cars that you're going to fix up. If you're going to start a business, you need to invest in it.