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JThw8
JThw8 UberDork
9/10/12 7:01 a.m.
Datsun1500 wrote: The best cars to flip are well known, cheap cars, like the Escort mentioned above. Non mainstream cars are a hard sell in most cases

Quoted for truth. So many people I talk to want to get into flipping so they have a chance to play with some interesting cars, but the path to decent profit and quick sales is in appliances. I've consistently made more money on flips with generic 4 door econo boxes than I have with anything interesting.

If you are going to get into "interesting" cars you need to know the car, know the unique market for the car and outlets to sell it, and be prepared to wait a little longer for the right buyer. I had decent luck with fiats, alfas and aircooled VWs but only because I was heavily involved in those communities and knew where to sell it and what things to fix to make it desirable to the buyers in the market.

CarKid1989 wrote: what do you about titles? I know there is a limit to how many titles can pass through your hands.

Varies by state, I think NJ says I can't pass more than 10. Which is why many serious curbstoners never transfer the title in their name (also avoids them paying taxes and is illegal)

nedc
nedc New Reader
9/10/12 7:46 a.m.
m4ff3w wrote: It won't take much to make $ :) I knew they didn't sell for a whole lot of cash, it was purchased accordingly.

Is that the driveshaft in question? That guibo is GONE!

m4ff3w
m4ff3w GRM+ Memberand UltraDork
9/10/12 9:06 a.m.
nedc wrote:
m4ff3w wrote: It won't take much to make $ :) I knew they didn't sell for a whole lot of cash, it was purchased accordingly.
Is that the driveshaft in question? That guibo is GONE!

Yup. So hopefully it only needs the Guibo after all.

yamaha
yamaha HalfDork
9/10/12 10:27 a.m.

Not bad......best question, does it still have a nikasil block?

If its been swapped before, that will add to your value down the road.

belteshazzar
belteshazzar UltraDork
9/10/12 10:45 a.m.

i try and only flip cars who's target audience is not the sort of person who ALSO likes to flip cars.

fornetti14
fornetti14 GRM+ Memberand HalfDork
9/10/12 12:30 p.m.

Lots of good advise so far.

As far as titles go - I title them in my name because I usually drive them for 3-6 months and sometimes over a year. Both my car and my wife's are cars I've bought to eventually resell. My last van I kept for 2 years and 45,000 miles - still made $800 and drove it for a long time.

I always get what I know how to work on and the occaisional parts car can be helpful if you have the shed or garage space for everything.

Make a list of spare parts you have and always date the entries just like you would a decent inventory system.
(Otherwise you'll have so much stuff you'll forget what you have)

m4ff3w
m4ff3w GRM+ Memberand UltraDork
9/30/12 6:26 p.m.
  • Sold for 2700
  • Invested 1278.33
  • Profit 1421.67

I sold it to the first person that looked at it.

m4ff3w
m4ff3w GRM+ Memberand UltraDork
9/30/12 6:30 p.m.

Purchased:

  • Guibo
  • 1 Bolt and 6 nuts for guibo
  • Intake boot
  • exhaust donut gaskets
  • exhaust manifold to cat nuts and bolts & one stud
  • 1 litre of Pentosin CHF 11s ($23! holy crap)
  • 1 can of BG 44k
  • a full tank of fuel
  • air hammer
  • some parts for tow dolley
chandlerGTi
chandlerGTi HalfDork
9/30/12 6:32 p.m.

Noice!

2002maniac
2002maniac HalfDork
9/30/12 7:16 p.m.

Well done!

dj06482
dj06482 GRM+ Memberand HalfDork
9/30/12 7:30 p.m.

Great job!

Winston
Winston Reader
9/30/12 8:35 p.m.

You got berkeleying lucky. Take the money, run, and never buy a 7-series Bimmer again.

Oh, and good job

pimpm3
pimpm3 Reader
9/30/12 8:40 p.m.

Good work... I have been flipping cars for the past 13 years (14 cars gone so far this year) and I rarely double my money. I am normally happy when ever I make over 800.00.

I have had good luck with oddball cars, but I would have to say I make the most money off of jeeps (wranglers and box Cherokees)

m4ff3w
m4ff3w GRM+ Memberand UltraDork
9/30/12 9:34 p.m.
Winston wrote: You got berkeleying lucky. Take the money, run, and never buy a 7-series Bimmer again. Oh, and good job

Actually, there is another that I'm tempted to pick up for my wife...

m4ff3w
m4ff3w GRM+ Memberand UltraDork
9/30/12 9:36 p.m.
pimpm3 wrote: I have had good luck with oddball cars, but I would have to say I make the most money off of jeeps (wranglers and box Cherokees)

What do the Jeeps normally need?

EvanB
EvanB GRM+ Memberand UberDork
9/30/12 11:43 p.m.

If the ads I see on CL are any indication, headgaskets.

DWNSHFT
DWNSHFT HalfDork
10/1/12 12:16 a.m.
m4ff3w wrote: - Sold for 2700 - Invested 1278.33 - Profit 1421.67

Wait, and you didn't take it to the $2012 Challenge? What were you thinking?!?

David

Trans_Maro
Trans_Maro SuperDork
10/1/12 12:37 a.m.
m4ff3w wrote: What do the Jeeps normally need?

A sludged up crankcase breather system usually makes leaks the folks think will need a lot of cash to fix.

This is the I6 engines.

Feedyurhed
Feedyurhed Dork
10/1/12 6:14 a.m.

Congrats, you proved us all wrong!! Well done.

m4ff3w
m4ff3w GRM+ Memberand UltraDork
10/1/12 9:23 a.m.
Feedyurhed wrote: Congrats, you proved us all wrong!! Well done.

Now if I could just prove everyone wrong regarding Maserati Bitroubles....

pimpm3
pimpm3 Reader
10/1/12 7:13 p.m.

Wranglers normally need a few cans of spraypaint, seat covers and a cheap carpet kit (don't make fun it is all about eye appeal).

On a side note I just bought a stock 1997 4 door GS-R this morning to flip. It's kind of an oddball...

Per Schroeder
Per Schroeder Technical Editor/Advertising Director
10/1/12 7:17 p.m.

Ooooooh. Pics?

nicksta43
nicksta43 Dork
10/1/12 7:22 p.m.
Per Schroeder wrote: Ooooooh. Pics?

Shouldn't you be out working on the Camry?

Per Schroeder
Per Schroeder Technical Editor/Advertising Director
10/1/12 7:24 p.m.

That is planned for next week. ADHD is always.

vdubinsd
vdubinsd New Reader
10/1/12 7:25 p.m.

When I first saw this thread, I thought no way that it would end well.....good job!

I have flipped tons of vw/bmw/benzes, and never made money on any 7 series except parting out gray market cars (think 745i)

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