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$1,000 To $100,000 Flipping Cars Pt. 27 - I wasn't expecting this...
Welcome back to our exciting car flipping series where we're on a mission to turn $1,000 into $100,000 by buying, fixing, and selling cars!
In this episode, I'm making a significant leap forward by purchasing not one, but TWO cars from an online auction to add to our flipping portfolio. It's a high-risk, high-reward strategy, and as you'll see, not everything goes as planned. One of the cars turned out to have an unexpected problem that caught me completely off guard. Watch as I navigate through the challenges, provide tips on handling surprises, and share insights on the risks and rewards of buying cars online.
In This Video:
Auction Day Excitement: Join me as I participate in the online auction, sharing my strategy and the emotions of bidding on potential flips. Learn how to spot good deals and avoid common pitfalls.
First Impressions and Inspection: See the initial walkaround of the two cars right after they arrive. I’ll share my thoughts on their condition and potential for profit.
The Unexpected Issue: Discover the unforeseen problem with one of the cars. I’ll dive into what went wrong, how it happened, and my initial reaction.
Problem Solving and Repairs: Watch as I tackle the unexpected issue head-on. From diagnosing the problem to finding cost-effective solutions, I'll walk you through every step.
Budget Breakdown: I’ll give you a detailed breakdown of how much was spent on purchasing and repairing the cars. Transparency is key in understanding the true cost and potential profit.
Potential Profit Analysis: After all the hard work, I’ll evaluate how much profit these two cars could bring to our flipping journey. Will they get us closer to our $100,000 goal?
Key Takeaways:
Tips for Online Auctions: Buying cars online can be tricky. I’ll share my top tips for making smart purchases and avoiding scams.
Handling Surprises: Learn how to stay calm and pragmatic when faced with unexpected problems. Flexibility and problem-solving skills are crucial in the car flipping business.
Budget Management: Effective budgeting is essential. I'll show you how to keep track of expenses and ensure each flip is profitable.
Join the Journey:
This series is not just about flipping cars; it's about learning, growing, and achieving financial goals through determination and smart investing. Whether you’re a seasoned flipper or just starting out, there’s something here for everyone.
7 сен 2024
