Flip Tips

Look For Junk in the Trunk

This tip is short but sweet: When you’re inspecting a vehicle for purchase always make sure that you open the trunk and look for any empty fluid bottles. Empty fluid bottles might indicated a fluid leak that the seller is attempting to cover up.

Turn Off the Noise

During the test drive of the vehicle, turn the radio off so you can listen to the engine. This is an important step and you’ll want to make sure that you get the opportunity to hear any odd sounds. If the seller rides with you, try to limit conversations with…

What You Should Never Skip

Never, ever buy a vehicle without test driving it first. I once purchased a Mitsubishi Endeavor without test driving it. Everything seemed great, the engine, body and interior were in perfect condition. Not only that, the seller told me that he was a mechanic and that the vehicle had zero…

The $15 Interior Transformation

One inexpensive idea that can dramatically change the appearance of your vehicle’s interior is purchasing and installing new floor mats. Floor mats are often the first thing a buyer sees when they step inside a vehicle. A set of floor mats might cost you $15 but it can totally improve…

Stick With the Standard

I’ve been asked why I recommend sticking with common, everyday four door sedans when you’re flipping cars for profit so in this tip, I’ll explain why. Sedans simply appeal to the largest number of consumers. Small families, college students, and just about everyone else is attracted to four door sedans,…

Diversify Your Inventory

In the past you’ve heard me recommend sticking with a certain type of car. When I say diversify, I’m not referring to the type of cars you purchase — I’m referring to the number of cars you purchase. Unless you’re dealing with classic cars, exotic cars, or you’re confident that…

Bring Your Own Forms

Familiarize yourself with all of the forms that your state requires for legal car selling, and make sure that you bring your own forms to any car purchase or sale. That way you’ll ensure that the correct forms are used and you don’t have to rely on the buyer or…

Pay Your Friends

Along with working referrals by handing out business cards (click here to see Flip Tip #13) I also recommend paying your friends to help you find cars. Look to your sphere of influence to help you in this business. Offer to pay any of your friends that help you find…

Set Up Instant Alerts

Another way to make sure you get to deals before your competition is to setup instant alerts, either through Google or through your CPRO smartphone app. Here’s an article that shows you how to setup Google alerts for Craigslist > CLICK HERE. For information on how to use the CPRO…

Become a Deal Magnet

I’ve mentioned before that I recommend trying to spend only one hour trying to find a car to buy (the 1st of 3 hours total). Spending one hour finding a car to sell might sound difficult, and it is. The trick is to make sure that you aren’t the only…

Sold Cars that Aren’t Really Sold

When you make calls, don’t be deterred by the number of other interested parties that the seller might mention. Just because a seller tells you that a vehicle is sold doesn’t necessarily mean that it is sold. Ask the seller if the other buyer has already picked the car up,…

Finding the Best Deal

One of my favorite ways to find deals is to post wanted ads on Craigslist. Wanted ads are free and usually visible within minutes. An example of wanted ad that I’ve used is below. AD TITLE: I want a car today. I have CASH. AD DESCRIPTION: I’m looking for a…

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