Car flipping..

[ryan s]

I figure I dont really have much invested into the 2 I have.. Has anyone done this and is it a really profitable hobby?

this isnt really "flipping" unless you paid very little for the pontiac and/or the accord.

theres absolutely money to be had, but i think theres more money in parts unless you just want something to do in your spare time. personally, i would buy cool cars if i were going to do repairs for a hobby...or even better, part out crashed enthusiast cars.

I watch wheeler dealers on the regular. And they usually, at least more recently, make 800 pounds, or a little more than $1000, and up. It really isn't worth the time. At least it would seem. I don't know how much time they are actually spending on these cars. They also seem to have some connections for good prices as well as all necessary equipment.

i dont think youve watched that much wheeler dealers, in that case. originally, up till about season 5, the show was about showing people how they could own enthusiast cars without breaking the bank if they had a little time and DIY experience. the last few seasons have been too much about the profit...but it still shows the average person can own a cool car and not simply throw money at it till its fixed.

mike and edd both have their own businesses--the show isnt about strictly making money, which is why they rarely say how long a sendout takes to receive back, how long the car has been for sale, etc.

I'm also planning on flipping cars starting later this year. As far as I could figure, the best things to do are have lots of patience, find out what people in your area are interested in, look for those cars with as few problems as possible and as cheap as possible, and don't get too greedy on the price. Also, it might not be a bad idea to go to public auctions.

"as few problems as possible," "cheap as possible," and "public auctions" are all oxymorons