Replay of a Q&A: General Questions, Dealer Questions, & Course Questions
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/