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General => IHADAV8 Playground => Topic started by: nocooler on August 20 2018, 02:21:48 PM

Title: Flipping cars
Post by: nocooler on August 20 2018, 02:21:48 PM
Anyone flip stuff on the side?

Ive found a car that I’m seriously considering purchasing and flipping. It’s a clean 99 Mustang (I know). 4.6/5 speed, and the a/c is supposed to work. Now for the fun stuff, it’s got a on3 turbo kit with the base 70mm@7psi (which requires an aftermarket k-member), cams, newer clutch, exhaust, and comes with boxes of parts to turn it up (whatever that means, alky kit maybe?). Basically the owner shipped out to the navy, and his dad just wants it gone. It needs a though detail maybe some wiring cleaned up, and maybe some different oem style wheels.

Pros: it’s the right price and could be a easy payday if everything goes right.
Cons: it’s a ford, it’s a 2 valve 4.6, could be a nightmare.

Any thoughts?
Title: Re: Flipping cars
Post by: good2win22 on August 20 2018, 02:36:41 PM
I've flipped cars before.  I only ever made a huge profit on one vehicle.  Basically, buying vehicles and then getting them to a point where I was satisfied with them would give me something to do and learn along the way. Once I was done with them I would sell them.  More of a hobby then a business plan.
Title: Re: Flipping cars
Post by: nocooler on August 20 2018, 03:19:28 PM
The other turbo/blown 99-04 stangs I find are listed for $9k+. I was thinking budget $1k for incidentals, The car is listed for sale at $5000 right now. That would still leave some opportunity to make some $$$$
Title: Re: Flipping cars
Post by: TexasT on August 20 2018, 04:03:00 PM
I never saw any of those people flipping on tv pay asking price. I don't think many are very good at anything except negotiating as they hire people to do the fixing of what they are flipping.

Not saying you couldn't bank some coin, just that I don't think it is as easy as it appears on the surface.

Title: Re: Flipping cars
Post by: nocooler on August 20 2018, 06:46:30 PM
Waiting for an email back.
If I could make a grand I’d be happy.
Title: Re: Flipping cars
Post by: earlbrown on August 20 2018, 06:54:13 PM
You need to make a plan that pays much more than a grand...    Then settle for a grand if that's how it works out.


Personally, a modified car that much is going to be a tough sell, most likely.   Those mods will turn off most potential buyers. Plus, trying to get more money from the mods, limit the people that are left since most people don't have any damn money.


I've got a NICE Durango I bought to flip back in January and looks like I'm going to be stuck with it until tax time next year.
Title: Re: Flipping cars
Post by: Forzfed on August 20 2018, 07:18:33 PM
Or you could put it back to stock and sell all the mods!
Title: Re: Flipping cars
Post by: Grumpy on August 20 2018, 07:30:09 PM
Or you could put it back to stock and sell all the mods!
That's what I did with Buicks for years.. I wouldn't get involved with modified cars.. Nothing but headaches because people will think they all have a warranty  :rofl: Or get a car that looks awesome but will nickle an dime ya to death.. Making a grand on a car is going no where.. Just my personal opinion of coarse   :chin: :cheers:
Title: Re: Flipping cars
Post by: Steve Wood on August 20 2018, 07:51:48 PM
I'm sure someone has made the occasional buck flipping cars but no one I ever knew did
Title: Re: Flipping cars
Post by: nocooler on August 20 2018, 07:53:55 PM
Car is to far to go back to stock. But there are other parts that come with the car that could be sold as well...


Optimistically I think there is more then a grand to be made, I'd have some fun with it (track, dyno, car shows) and it'd fund my project further along after it sold. It is highly modified and would need to be sold to the right person.
Title: Re: Flipping cars
Post by: Steve Wood on August 20 2018, 07:58:04 PM
two secrets to making money on cars.  Pick the right car and spend the absolute minimum on it before selling it.  No one that I know ever consistently did either.
Title: Re: Flipping cars
Post by: nocooler on August 20 2018, 08:11:42 PM
I’m going into as a coin toss, I haven’t even heard from the owner yet so it might not even have a snowballs chance in hell to happen.
Title: Re: Flipping cars
Post by: nocooler on August 21 2018, 11:59:52 AM
Not going to happen - car sold last night.
Title: Re: Flipping cars
Post by: Steve Wood on August 21 2018, 12:16:20 PM
Any old trucks up there that are not rusted out?
Title: Re: Flipping cars
Post by: nocooler on August 21 2018, 02:08:02 PM
Only if someone goes south and brings them back, or it’s sat for decades. Salt gets everything.
Title: Re: Flipping cars
Post by: Steve Wood on August 21 2018, 05:52:44 PM
Roller...
Just down the road

Title: Re: Flipping cars
Post by: TexasT on August 21 2018, 10:33:43 PM
Now that is one that could flip for some coin. 67-72 trucks are worthy of a second look and some diligence. Drop a tree fiddy and trans and write fo sale in shoe polish across the back window.
Title: Re: Flipping cars
Post by: Steve Wood on August 21 2018, 11:29:26 PM
yep, nothing fancy or too expensive.  Let someone else spend the big bucks on an LS, bags,and such.  It's a good one for flipping, I think
Title: Re: Flipping cars
Post by: Forzfed on August 22 2018, 11:06:45 AM
That is a decent price!  The rims have to be worth a good buck.  My cousin bought a C10 for his son and had it totally restored.  The C10's have a nice look to them!
Title: Re: Flipping cars
Post by: Steve Wood on August 22 2018, 11:14:11 AM
That one should be easy to make a few bucks on...I like the stepsides but they are getting harder to find
Title: Re: Flipping cars
Post by: nocooler on August 22 2018, 01:29:06 PM
Looks like a deal
Title: Re: Flipping cars
Post by: Pyro6 on August 23 2018, 05:26:11 PM
I've flipped cars before.  I only ever made a huge profit on one vehicle.  Basically, buying vehicles and then getting them to a point where I was satisfied with them would give me something to do and learn along the way. Once I was done with them I would sell them.  More of a hobby then a business plan.
Anyone flip stuff on the side?

Ive found a car that I’m seriously considering purchasing and flipping. It’s a clean 99 Mustang (I know). 4.6/5 speed, and the a/c is supposed to work. Now for the fun stuff, it’s got a on3 turbo kit with the base 70mm@7psi (which requires an aftermarket k-member), cams, newer clutch, exhaust, and comes with boxes of parts to turn it up (whatever that means, alky kit maybe?). Basically the owner shipped out to the navy, and his dad just wants it gone. It needs a though detail maybe some wiring cleaned up, and maybe some different oem style wheels.

Pros: it’s the right price and could be a easy payday if everything goes right.
Cons: it’s a ford, it’s a 2 valve 4.6, could be a nightmare.

Any thoughts?
It's OK til some asshole drills the piss out of it and than wants you to buy them a trans or engine. Or they nag you for a couple months about every little rattle or what "their mechanic" says. Telling them "As is" usually goes in one ear and out the other.
Title: Re: Flipping cars
Post by: TexasT on August 23 2018, 07:09:48 PM
As is is just that. Warranty ends when you drive it past the curb.
Title: Re: Flipping cars
Post by: Grumpy on August 23 2018, 08:02:58 PM
As is is just that. Warranty ends when you drive it past the curb.

IN WRITING of course  :O
Title: Re: Flipping cars
Post by: Pyro6 on August 23 2018, 09:43:26 PM
two secrets to making money on cars.  Pick the right car and spend the absolute minimum on it before selling it.  No one that I know ever consistently did either.
3rd secret, you may not have a conscience
Title: Re: Flipping cars
Post by: Steve Wood on August 23 2018, 11:04:07 PM
Now you talking about the big dawgs! :rock:
Title: Re: Flipping cars
Post by: TexasT on September 03 2018, 11:31:31 AM
Just say- This job carries an Oklahoma warranty. If it busts into two pieces, you own both parts. And if you bust your butt using it, it's still yours. LOL courtesy of [/color]G Atsma (https://ls1tech.com/forums/member.php?u=301048) on lsitech.com post #16
https://ls1tech.com/forums/tools-fabrication/1901521-hanging-my-shingle-out-working-yourself-thread.htm (https://ls1tech.com/forums/tools-fabrication/1901521-hanging-my-shingle-out-working-yourself-thread.html)
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