Originally Posted by EklipzGSXkid
It's not as easy as it looks, Is one main thing I can say. I've had people stop by my garage and see the cars I build, Then say they're going to do it. They go buy 3-4+ cars and realize they have no garage, no tools, And no knowledge on how to fix or build a car, And they then get stuck with their ''investments''. If you know what you are doing, However... You can make good money and at least $25,000+ in one month if you really bust your ass buying/building/selling (Or even buying/selling alone). You can easily make a years+ pay, In not even 1/4 of the amount of time it would take you to bust your as 8-12hrs a day, Working for "the man".
Before I got extremly busy at my garage with people dropping their cars off for work, And for me to build them, I was buying 3-6 gsx's EVERY single month. (You do the math on that one). It didn't matter to me if I sat on the cars for one day, Or for 1 year though. I did not need the money back right away.
If you have money to start with, And don't mind waiting and risking the money, Then it's worth it. You only need one car to start with, And to get the ''ball rolling''. After that, There is no limit as to what you can do.
I buy cars blown up, Or with bad paint ETC, Then I build them, Paint them, And sell them for cheaper then anyone else normally would or could (If building it for themselves paying full price on all parts/paint ETC). This turns out for an EASY sale. I have an unlimited supply of parts, And tools, And garage space, So I have no worries in that area. As for paint, I do all my own paint work, And it costs me $300 to do a full color change, ANY color you can possibly think of. I get all my paint and supplies extremly cheap as I've been buying from the same place, For a very very long time.
As for what I look for... Anything that could be fixed and sold for more (Saving the buyer money, And making me money).
I buy all my cars in cash, So there are no ''pay backs'' once I sell any of them. I've spent as little as $300 on a car before, And up over $10,000 on a car before to re-sell. As long as I know it will sell when I'm finished with it, I'll buy it. The most important thing is to not buy them, And get useto them and keep them all for yourself. Other then that, Watching your spending if you need to have a limit, And need to have the money back in a certain amount of time.
It's very easy to get carried away with buying cars and wanting to flip them. There are always so many good deals. This will however leave you broke unless you have tons of money, Or don't mind sitting on all the cars you just bought. I've already bought over $20,000 of cars in one month already. I sat on them for awhile, Which is why I'm saying if you NEED the money for bills or life expenses, It's more then likly a very good idea to set up a strict budget. There were cars I bought, That I also lost money on, So you need to watch out for that.
you then take the profit you made, And "invest" it into more flip cars, And keep doing it, Over and over and over.
You need to watch how many cars you buy and sell, Or you will be getting in a bit (more then a bit) of trouble, With the state. You also need to watch how many cars you sit on your property, If neighbors start to bitch and complain. There are ways around both, However.
I hope this is a contribution, But I just quick typed it out so it might not even make any sense.
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