[Mohammad]

Hey guys, as someone who have very limited amount of knowledge about cars, but with a business mindset. How would you guys suggest I get into car flipping? I’d like to know the basics of cars and what to look for when looking for cars to flip. Any resources y’all have or might recommend?

[J Jack]

Buy Toyota, Honda, Mazda, and other known reliable cars so you don’t have a bunch of pissed off customers coming back to you in a month. There are a few unappreciated gems out there, like the 1998 to 2011 Mercury Grand Marquis.

They’re owned almost exclusively by seniors, and they have the indestructible ford 4.6.

Low mileage examples are easy to find and they’ve usually been meticulously maintained.

Keep an independent mechanic on retainer and check out every single car you buy first.

Every single car, every single time. Even a Camry can be a POS if the owner never changed the oil. Never… and I do mean never, do business without a clean title in hand, or you can work directly with the lender if it’s not paid off.

Stay away from Chrysler, Nissan, Mercedes, Land Rover, Kia, Hyundai, and BMW unless they’re in perfect condition. In the flipping market, they never are. Better to steer clear entirely. Don’t even think about Tesla.

If you’re buying something that needs minor work, that’s where you can make real money, but that’s also where your mechanic is essential.

One small problem can lead down a rabbit hole of issues, and they’ll be able to tell you if it’s worth it or if it’ll end up being a money pit. I.e. if a car just needs something small like an alternator, you can probably buy it for $2000 under book value and that’s a $200 fix so you’ll make good money…if there isn’t anything else wrong.

[Paul]

If you don’t know how to fix cars, don’t get into car flipping. You won’t make any money.

[Ty Blaylock]

Starr with a lot of YouTube videos on how cars work I’m every way imaginable, engines transmissions, suspension, frame, drive train types their configurations the pros the cons the accessories the electronics look into everything.

Also, AI can be very helpful in learning what you don’t know, definitely fact check any crucial information because sometimes AI is stupid, but it’s good for getting a basis.

I would also go on Facebook find a car with a problem and then learn how to fix that problem, even if you don’t buy the car and fix it, just learn theoretically how to fix it. All of that will give you a good basis, that’s what I did and have been doing for the past 2–3 years.

So far I’ve rebuilt 2 engined and done countless diagnosis and part replacements.

[Richard]

Partner with someone mechanically inclined or just start getting your hands dirty. Get a project with YouTube by your side. There is a lot to learn.

[Author]

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