In my experience there’s one thing that is consistent in every deal hunter – the addiction to find good deals. Something inside just compels us to go out and find a deal, and when we do there’s a huge rush of excitement. Sometimes that’s a good thing because it can…
Work with Dealers
Believe it or not, great deals can be found at car lots. Car dealers typically rotate their inventory regularly, know realistic values of cars, and have the incentive to get rid of cars that they haven’t been able to find a buyer for. Also, many of the cars put up…
Look for Lawn Ornaments
Some of the best deals on cars can be found by purchasing a car someone has sitting in their front yard. On your way home from work or driving around to do errands, keep your eyes open to spot cars with for sale signs in the window. In my experience…
Stay Out of Title Storms
One of the most common overlooked steps in the buying process is doing proper title research. Make sure any car you purchase has a clean title. Sure, it’s possible to make money on cars with clouded titles, but in my experience they just make things more complicated and typically the…
The Borrower is Slave to the Lender
Recently a new car flipper asked: “Jeremy, I only have $700 in cash saved. Is that enough for my first flip or should I go borrow more?” I gave a full answer in Episode 2 of the 3 Hour Car Flip Podcast, but here’s the quick version of my stance…
Look For Ugly But Cheap Cars
When you’re out there trying to find a car that you can flip, keep an eye out for cars that are ugly but cheap. Sometimes those types of cars have the highest potential for profit. Cars that really need a bath are typically going to stay under the radar a…
Miles Matter to Buyers
If you know a little bit about cars you probably already know that mileage plays a big role in the value of a vehicle. Why? Most people believe that the higher the mileage on a vehicle, the higher the likelihood of car problems down the road. That makes demand go…