I was recently asked about whether or not now was a good time to buy given the current economic climate. The coronavirus has obviously affected the market, but I still feel optimistic about flipping. Even during a pandemic. I share my thoughts on why in the podcast. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► Other ways to connect with The Car Flip: ► The Car Flip Website: https://thecarflip.com ► The Car Flip Facebook Group: https://thecarflip.com/fbgroup/ ► The Car Flip Facebook Page: https://facebook.com/thecarflip/ ► The Car Flip Course: https://thecarflipcourse.com/ ► The Car Flip Youtube Channel: https://youtube.com/thecarflip

► Get the FREE Car Flip Roadmap--the step by step guide I use every day flipping cars: https://thecarflip.com/roadmap ▼▼▼ More Below ▼▼▼ This week on The Car Flip Show, I'm going to hit the 6 Most Asked Questions I Get From Potential Buyers. Obviously, when you are listing your vehicles for sale, you will get messages about your listed vehicle from interested persons. Once you get your dealer's license and the volume of vehicles you have listed increases, so do the number of questions. These are the 6 most asked questions, and my responses to those questions. 1) "What is the least?" 2) "Anything wrong with it?" 3) Questions already answered in the ad. 4) "Can I take it to my mechanic?" 5) Lowball offers. 6) "Can I make payments?" Don't forget to check out the My Toolbox section at thecarflip.com. There you will find a list of resources and tools that I use on a regular basis here at my dealership and shop. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► Other ways to connect with The Car Flip: ► The Car Flip Website: https://thecarflip.com ► The Car Flip Facebook Group: https://thecarflip.com/fbgroup/ ► The Car Flip Facebook Page: https://facebook.com/thecarflip/ ► The Car Flip Course: https://thecarflipcourse.com/ ► The Car Flip Youtube Channel: https://youtube.com/thecarflip

What if it was easy? We could probably ask this question about a lot of things in life. As with anything, we have a tendency to either focus on the problem or issue or objection that we face. Sometimes we will make it to the next step of wondering what life would be like if our problems, issues, or objections were easier, but today I want to talk about a third thought--actionable steps to make easy a reality. Car flipping can seem hard from the outset, but many of the obstacles that you may come across in your car flipping journey are not new. You will need to either figure out how to overcome them or find and follow someone who has already been where you are. I can relate.  In fact, there are MANY who have been there. I didn't mention this in the podcast, but check out https://facebook.com/groups/thecarflip/ and join my free Facebook community full of those who have been there, done that, and created lucrative income or thriving businesses through it all. I'm going to break down a few of the basic beginner objections in this week's podcast, as well as share some information about a resource I just tapped into at the time of this recording--the pull-a-part salvage yard.   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► Other ways to connect with The Car Flip: ► The Car Flip Website: https://thecarflip.com ► The Car Flip Facebook Group: https://thecarflip.com/fbgroup/ ► The Car Flip Facebook Page: https://facebook.com/thecarflip/ ► The Car Flip Course: https://thecarflipcourse.com/ ► The Car Flip Youtube Channel: https://youtube.com/thecarflip   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ DISCLAIMER: This video and description contain affiliate links, which means that if you click on one of the product links and buy one yourself, I’ll receive a small commission at no extra cost to you. This helps support the channel and allows us to continue to make videos like this.

From the outside, car flipping may seem like a very simple, basic process of just buying a car and selling it for more than you paid for it. For the most part, that is true; however, there can be a little strategy to it. In this week's episode, I want to talk about why I purchased the last 3 vehicles that I did from the auction. The reasons play into my strategies for low expenses, maximum value, respectable reliability, and a target audience most likely to want my vehicles and likely expedite the sales. Also, we've recently added My Toolbox to The Car Flip website. This page is a list of tools and resources I regularly use that may also be useful for you. Just a heads up, the links on that resource page are affiliate links, meaning if you click on them, you'll be taken to Amazon, and if you make a purchase thereafter, I will receive a small commission from your purchases at no extra cost to you. Those commissions are quite small, but they do help to subsidize costs associated with this show and The Car Flip.    ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► Show Notes:   ► (6:20) 2003 Cadillac Escalade Why I bought it: It has a 3rd-row. 3rd-row seating has been a big seller for me. People with larger families like the extra seating, and some people like the ability to transport friends. The odometer wasn't working. However, after tinkering with the dash (I hit it) the odometer flashed on and I was able to see that it only had ~155k miles. Many people drive these to death, so I was bidding on this knowing the true mileage while other bidders may have been more leary. It's a GM product, essentially it's a Tahoe with a bigger motor, so the vehicle is reliable, and any issues I may encounter will be easy to fix. I did a test drive the vehicle and it feels great. Also, cosmetically, the vehicle has been well taken care of. I bought this for $2500, and I am looking to price this at $5500. The going price for this vehicle in my area is anywhere from 5k-6k. I'm allowing about $500 in repairs. It does need one trim piece, it has been detailed, it will need an A/C diag since the A/C worked at auction but has since quit. So, with only $3000 invested, I should be well within my $2k profit margin. ► (10:45) 2010 VW Routan Why I bought it: Again, this too is a third-row vehicle. The VW Routan is a Chrysler product. This particular model is essentially the same as a Chrysler Town & Country or a Dodge Grand Caravan. Has the exact same engine that is in the Town & Country, and the same side doors, interior, stow-and-go seats, etc. Leather Interior, Touch Screen, Dual DVD in the top The vehicle was dirty & the previous owner must have smoked in it. Now, this would seem like a negative, but I and my detailing guy are willing to put in the extra work to remove that smell from the car and restore it. Mechanically, the car is sound. The only real necessity was the covers that go in the two holes for the fog lights, and one zip tie took the place of a broken clip holding the front bumper up. She's good to go. This one has only 85k miles. These are being listed in my market at 7k or more at 120k minimum miles, so I'll be listing this at or around $7000. With only $4500 invested in this vehicle, I should definitely hit my $2000 profit margin. ► (16:38) 2006 VW Tourag Why I bought it: This one, in particular, is in really good shape It has very few minor imperfections, including 1 missing floor panel piece that hides wiring (currently exposed) Everything functions, but as with most VWs, the labels on the interior buttons have faded off or wiped away. I managed to purchase a very inexpensive sticker pack to restore those. 144k miles & nice leather, luxury interior feel despite not really being a luxury vehicle. I bought this for $2600, and I can see this selling for $6500, but I'll be listing it at $5500. I'm going on the low end with the price, looking for a quick profit while also helping someone to take this nice bang-for-your-buck vehicle.   A bonus 4th vehicle I'll talk about is a Jeep Commander that I also purchased. Unfortunately, despite test driving the vehicle, I was unable to foresee the blown headgasket issue until getting the vehicle on the highway to take it home... It's okay though. I bought the full fix kit for this job and outsourced an additionally, reasonably priced mechanic to knock this job out for me.    ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► Other ways to connect with The Car Flip: ► The Car Flip Facebook Group: https://facebook.com/groups/thecarflip ► The Car Flip Facebook Page: https://facebook.com/thecarflip ► The Car Flip Website: https://thecarflip.com/ ► The Car Flip Podcast: https://thecarflipshow.com/ ► The Car Flip Course: https://thecarflipcourse.com/   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► DISCLAIMER: This podcast and description contain affiliate links, which means that if you click on one of the product links and buy one yourself, I’ll receive a small commission at no extra cost to you. This helps support the channel and allows us to continue to make content like this.

Have you ever been going about your daily routine when all of a sudden you have an amazing thought come to you? Earlier this week while I was playing early morning basketball, these 5 thoughts stuck out in my mind from the basketball court. They related in one way or another to how I operate my dealership and how I flip cars, so I went ahead and recorded this podcast as soon as I could. Check out these essential, fundamental correlations below.  Consider this another motivational podcast that I hope will encourage you to take the necessary steps to get in the game as well as to continue your own car flip hustle. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► Show Notes:     (1:20) Hustle One of my coaches used to tell me "hard work beats talent every day". This may have been a rewording of a popular quote that says "hard work beats talent when talent doesn't work hard", but you get the point. That said, there are certainly a few skills that you can hone to be a better car flipper, but overall, you have to be willing to do the work and hustle (6:09) Quick Release Steph Curry is what he is because of his quick release. The faster you can turn your inventory, the more potential profit becomes available to you (8:47) Patience Now, this may seem like the complete opposite of the last point or lesson, but understand that there is a balancing act that you will figure out the more you are involved in this process. Don't try to force things Deals will always come Don't settle for an okay deal and miss out on the big win (11:23) Watch Others Obviously, you're on this podcast to learn more about this topic from others, namely myself. There is also my free Car Flip Facebook Group as well as a paid The Car Flip Course for those that want to invest even more in their car flipping journey. Learn from what personal friends are doing, and emulate things (14:51) Adapt as Needed Older players develop jump shots for a reason Always be learning   "If you think education is expensive, try estimating the cost of ignorance." ~ Howard Gardner "A man who carries a cat by the tail learns something he can learn in no other way." ~ Mark Twain   (20:15) *** Febreze *** I tend to reuse the original spray bottle, but you can snag one of those anywhere for less than a dollar, and then keep refilling it with this. https://amzn.to/2MJ24dk     ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► Other ways to connect with The Car Flip: ► The Car Flip Website: https://thecarflip.com ► The Car Flip Facebook Group: https://thecarflip.com/fbgroup/ ► The Car Flip Facebook Page: https://facebook.com/thecarflip/ ► The Car Flip Course: https://thecarflipcourse.com/ ► The Car Flip Youtube Channel: https://youtube.com/thecarflip   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ DISCLAIMER: This video and description contain affiliate links, which means that if you click on one of the product links and buy one yourself, I’ll receive a small commission at no extra cost to you. This helps support the channel and allows us to continue to make videos like this.

This week, I'm actually going back into storytelling mode. I'm going to share my entire car flipping journey, but I really want to hone in on the crucial life lessons that I learned throughout the entire journey. These are the lessons that shifted my entire thinking and helped me to reach the point that I am at right now. My goal is more than simply teaching you what I learned. The truth is that if car flipping, whether on the side or on a full-time basis is YOUR goal, it WILL NOT HAPPEN... UNLESS YOU TAKE ACTION... Throughout the course of my life, I have had a number of these paradigm shifts, but life doesn't change or get better because you think it will. Things start to happen when you actively act upon the lessons you learn. I hope that you will listen intently to my story FIRST, and afterward, you can check the show notes below for quick links to certain sections and lessons. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► Show Notes:   *** 4 1/2” Car Dent Puller (Suction Cup) *** https://amzn.to/2JKiH6r   (3:40) Flipping IS Possible! (7:45) "Sometimes you get lucky." I do not mean to say that all the flips and circumstances that have happened to my benefit are pure luck. Realistically, the lesson learned is that value is relative. Market value does set in stone the typical value of a given product, but the true value of any product, service or vehicle is what someone is willing to pay for it. Occasionally, I have a Jeep or Equinox priced higher than market value just to see what happens, and someone is more than happy to pay what I'm asking to get what they want. (10:05) Buying and selling cars pays more than flipping chicken. Car sales may have a larger investment and a longer sales cycle, but the math makes better sense than to be flipping chicken for an hourly wage. (13:11)If you do what you enjoy, and get good at it, good things will come of it. This moment in life taught me that you can do what you enjoy, and make money doing it. (14:45) Through the dealership with my dad, I learned a few things. I learned the ins and outs of the business side, as well as how to scale my car flipping practices. (17:52) Through flipping full time, I was able to master my process. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► Other ways to connect with The Car Flip: ► The Car Flip Website: https://thecarflip.com ► The Car Flip Facebook Group: https://thecarflip.com/fbgroup/ ► The Car Flip Facebook Page: https://facebook.com/thecarflip/ ► The Car Flip Course: https://thecarflipcourse.com/ ► The Car Flip Youtube Channel: https://youtube.com/thecarflip   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ DISCLAIMER: This video and description contain affiliate links, which means that if you click on one of the product links and buy one yourself, I’ll receive a small commission at no extra cost to you. This helps support the channel and allows us to continue to make videos like this.

  This week's podcast goes over a few of my most commonly used detailing hacks. The tips mentioned all utilize very inexpensive products (with the exception of a pressure washer), some of which are household items, that can often be the difference between an easy sell or an unnecessary objection. Along with many of these tips and techniques, I'll share some very relatable stories and personal experiences with you as well. Below you'll find the timestamps to particular tips. Don't worry, they're not in any particular order.   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► Show Notes: (3:40) - The Magic Eraser  (7:43) - 409 Carpet Cleaner (11:32) - Purple Power (17:05) - Carpet Dye ( Duplicolor & SEM are my go-to choices) (21:53) - Sharpies (or touch up paint) (26:09) - Windex   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► Other ways to connect with The Car Flip: ► The Car Flip Facebook Group: https://facebook.com/groups/thecarflip ► The Car Flip Facebook Page: https://facebook.com/thecarflip ► The Car Flip Website: https://thecarflip.com/ ► The Car Flip Podcast: https://thecarflipshow.com/ ► The Car Flip Course: https://thecarflipcourse.com/   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ DISCLAIMER: This video and description contain affiliate links, which means that if you click on one of the product links and buy one yourself, I’ll receive a small commission at no extra cost to you. This helps support the channel and allows us to continue to make videos like this.

The past 10 days have been very hectic here at The Car Flip, whatwith content being created AND me fulfilling dealership responsibilities. Today's podcast episode comes amidst the open cart of The Car Flip Course. This was a special Q & A done live on YouTube for anyone to come in with general car flipping questions or specific questions about the course itself. It turns out that a good chunk of people interested in car-flipping are also looking towards getting their dealers' license (a fantastic move if I do say so myself) so with the closing of the course coming TONIGHT, Friday, June 1st, I'm also including access to the dealership module for those that get in. Of course, I'll be recording and building this module in the coming months, but when it is done, those already in the course will have first dibs as I'll already be coaching them through car flipping and maximizing profits in this space. Also, you'll have to excuse the audio quality this week. I will be working to have my microphone fixed by next week's episode. Now, the content for this week's podcast. Here is a quick list of the questions that were addressed so you can jump around: Worst make/model to flip (4:10) Information about Wholesale Licenses versus Retail Dealer's Licenses (6:24) My favorite years of Jeep Wranglers to flip (12:50) What do I do if a car is due on my floorplan? (17:20) A small bit about dealer auctions in my area [Raleigh, NC] (21:00) Also, big thanks to the user that chimed in with a super helpful tip about getting the skinny on vehicle history from auction vehicles straight on the auction app itself!  I'll have to check that out! The story behind my first flip. [$1k from a VW Beetle that I caught on fire] You can also check that out in Episode 001 of this podcast. (23:52) Questions about The Car Flip Course (31:00) Is there a way around waiting on DMV to send you a title to flip a car? [Yes, there is actually!] (33:28) What is my OBD Scanner of choice? (37:23) [In depth answer to this on Episode 001] Do dealers' plates require special insurance to drive on the road? (39:36) Questions that were sent via eMail before the Q&A: (42:07) Should I automatically assume I'm gonna lose $500 on my flips for sales tax, tags, and title fees? Wholesale License mentions, as well as the order of things to do to get your dealers' license Success stories from the previous launch and people currently in the course? (46:30) What is something I wish I knew/did looking back over the years of flipping or the one thing I would say to someone just starting flipping cars (51:35)   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► Other ways to connect with The Car Flip: ► The Car Flip Facebook Group: https://facebook.com/groups/thecarflip ► The Car Flip Facebook Page: https://facebook.com/thecarflip ► The Car Flip Website: https://thecarflip.com/ ► The Car Flip Podcast: https://thecarflipshow.com/ ► The Car Flip Course: https://thecarflipcourse.com/

A lot of you have been submitting great questions so today I would like to address some of those. Those questions will be in the show notes as well as time marks for you to jump straight to those sections. I'll be talking about a very interesting tool you can keep in your toolbox as well--the turkey baster. No, we are not cooking or seasoning anything on the show. Lastly, The Car Flip Course is live, and if you're checking this episode out on the day it releases, there is an opportunity to win a Google Home Mini for joining The Car Flip Course. This isn't a crazy extravagant bonus for joining, but it is a little something.    ► Show Notes: ► (3:00) Question 1: How do you deal with your market being dry? be constantly scanning; be the first to the deals learn your market; recognize the deals just be offering; create deals   ► (10:50) What do you do when something goes wrong with a vehicle after the sale?   ► (19:12) What should I pay for ________ [vehicle]? (Basically, you can check Episode 01 for that specific topic.)   ► (21:34) The Turkey Baster   The link to this Episode and Show Notes and Video Replay here.     ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► Other ways to connect with The Car Flip: ► The Car Flip Facebook Group: https://facebook.com/groups/thecarflip ► The Car Flip Facebook Page: https://facebook.com/thecarflip ► The Car Flip Website: https://thecarflip.com/ ► The Car Flip Podcast: https://thecarflipshow.com/ ► The Car Flip Course: https://thecarflipcourse.com/

This week, I want to share with you about three of my most recent flips. I'll talk about how I acquired the vehicles, my investments in them, and the profits I received from them. I'm also going to share a little bit about a free resource that I just released to help guide you through the car flipping process.  It's called The Car Flip Roadmap. You can snag that at https://thecarflip.com/roadmap/   The link to this Episode and Show Notes and Video Replay here.   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► Show Notes: ► The Car Flip Roadmap (1:34)  (( Link to The Car Flip Roadmap )) ► My last 3 Flips (3:38) : (3:41) '06 Mercury Montego (live video of me purchasing this at auction) (6:04) '08 Ford Mustang (originally traded to me for an '86 Pontiac Fiero) (15:54) '04 GMC Envoy (traded to me for a Mercury Mountaineer)   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► Other ways to connect with The Car Flip: ► The Car Flip Facebook Group: https://facebook.com/groups/thecarflip ► The Car Flip Facebook Page: https://facebook.com/thecarflip ► The Car Flip Website: https://thecarflip.com/ ► The Car Flip Podcast: https://thecarflipshow.com/ ► The Car Flip Course: https://thecarflipcourse.com/