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Welcome to the San Diego family! You’ll find it’s a beautiful place to call home 😁

@@kalvinpayne I’m from San Diego, moved away when I was younger lol. I’m ready to come home…. Been living in Kansas…. And made my way to Arizona.

You’re so close! We’ll see you soon!

@@kalvinpayne I know right! It seems like my family keeps finding ways to keep me here, I keep telling them I got to go 😆

Get outta’ there 😂

Hey, brotha! Good to hear from you. Excited to make some content again. Let me know if there’s anything you’d like to see 💪🏽

Hey! Thanks for the question. Personally, I just bring them home. They will sit in my garage until they’re sold, which is usually a couple of days. If you’re going through someone with a dealer’s license, they will usually have some sort of commercial policy. If you have normal insurance, there’s typically coverage that extends to newer vehicles you have yet to insure, which should cover you. It’s kind of a grey area to be honest if you’re doing it without a dealer’s license involved. Some insurances cover, some don’t. I’d recommend calling yours and seeing how many days between used vehicle purchases do you have to inform them of your purchase.

I’d recommend partnering with someone that has a dealer’s license. You can give them a small cut of each deal and you’ll do the work. I’ve seen others do as you mentioned with the receiving the title and not putting anything on it, which I do not recommend unless the laws in your state or okay with it. Many people do this to keep as much in their pocket as possible when first starting out, but it can be frowned upon in your state, so I’d encourage research on the matter if you’re leaning toward it.

Absolutely. Most places it is. I typically recommend people partner with someone that has a dealer’s license. This can help with taxes and legality. Thanks for the comment and for watching!

Hey Gorilla, honestly you can go either way. Depending on where you are, some states allow for a certain number of resales per year. Some don’t and you have to get them registered in your name. The former is more profit than the latter, but the latter is legal in more states.

😂😂😂

Yes, I would if I plan on keeping it for a little while.

Definitely trying to get started back up again very soon! I can definitely make some more videos regarding furniture flipping. Let me know if there’s anything else you want to see! Thanks!

Actually gearing up to do just that here very soon. What kind of videos would you like to see?

@@kalvinpayne it seems like flipping related videos attract a fair few views for your channel

I appreciate the feedback. It’s meant to be a step-by-step, not so much informative. I pretty much set the foundation from start to finish. As for proof, I have pictures. The thumbnail is from my very first flip. I didn’t include it in the video as I was new to CZcams at the time. I’m thinking of adding more videos to this series in the future, so keep an eye out!

Nice work! Keep it up 👍🏽

Hey Libby! I started off with $1150 of my own money. My brother put up $1150 of his to purchase a bike for $2300 that was sold for $3400. Since you are good with repairs, you can probably start with less. Just make sure you are considering the cost of your time and repairs when it comes to your ideal purchase price. Hope that helps!!

Nice!! Sounds like quite the trade! Congrats!!

Thank you, Monika! Hope it helps 😁 Let me know if you have any questions!

That would be a great idea for a video! Thanks! Let me know what your next project looks like 😁

Part squid, maybe, because I sell the bikes faster than I have time to get to know them lol

Thanks, brother!! And it’s a great way to make a side income!

Hi Max! Thanks for the questions. 1. If you’re not working with a person with a dealer’s license, then they can sign it over to you. You can then register it in your name and ride it, enjoying the bike until you find a new buyer. Essentially, if you set it up with enough margin, you get paid to ride the bike around. It’s a win! 2. Insurance depends on which provider you have. My recommendation would be to look into Geico and All State, but some smaller companies would also be good to look at. It depends from city to city, state to state, so I don’t have an exact answer on this one. Research is key on this one. 3. Let’s say an officer pulls you over on your way home from buying the bike. They’d understand that you just purchased the bike. Make sure to get registration from the previous owner. It’s linked to the tags and what not. Also, you’ll have the title in hand as well in case they ask for more info. Glad to hear the video helped. Hopefully I answered your questions well enough. Let me know how your first flip goes!

I would recommend doing research on cards that you can get with certain credit scores. There are cards that will tell you without you having to apply and getting denied.

@@kalvinpayne okay but what if i am not credit worthy? my credit sucks so what do you suggest i do to leverage money in order for me to start selling on amazon? i just need about like 8 months before i can start receiving ROI? love to hear your feedback and thx for the previous answer! very kind if you my friend to give me some of your wisdom and knowledge!

Another good option to consider would be some a small business loan! I have heard that there are some no interest options for a given amount of time as well. Check out one of my buddies, Bashar Katou on CZcams. He has tons of content on Amazon FBA. Hope this helps!!

I find that the most popular platform here in San Diego is OfferUp. It may vary where you are. Other platforms include: Nextdoor, Craigslist, Letgo, and Facebook Marketplace.

Hey bro! I would recommend getting a dealer’s license if you plan on doing it regularly. Some states allow you to pay monthly for one. You can also team up with others that already have dealers licenses. However, if you want to get a good deal on a motorcycle, put it in your name, ride it around, then sell in a few weeks to months, that’s a good way to find out if it’s right for you!

Kalvin Payne alright, thank you so much man!🙏 appreciate the help!

My pleasure, brother! Let me know how it goes!! You can also send me some deals and I’ll help you analyze them.

That’s awesome! I love how everyone has their own different method of doing things. You’re absolutely right! Goals change quite frequently, but your vision usually stay relatively the same. Great input, brother!

Kalvin Payne absolutely! Great video!

That’s awesome! What are you up to nowadays?

Kalvin Payne well, I ran that for a few years and continued to run the e-commerce store for a couple years after the business. After that I did door to door sales for a large cable/internet company for a couple years and then went back and got my degree in computer science. Now I make educational CZcams videos on my experiences doing sales and door to door sales as well as owning the small business while working an IT position.

RealRichardD Hacking Sales & Life You definitely have a lot of experience. I’m doing some door to door solar sales right now and it’s a ton of fun!

Kalvin Payne I learned more about sales in the couple of years doing door to door than I did in the 4+ years setting up and running a small buisness and it’s e-commerce site. Both taught me a lot, but if you want to get really good at sales fast D2D is a great way to do so.

Loving it so far! Can’t wait to see what’s in store!

Thanks, Andrew!! Just curious, what kind of content would you like to see more of?

@@kalvinpayne More real estate videos. I love apartments!

Good to know! I’ll try to incorporate that into the videos more.

Thanks 🙏🏽

In the video? Not sure to which you are referring.

@@kalvinpayne He says it at 8;59

ak6781fan Yes, it’s just an example of what title you can fill in. Obviously, it would be respective to whichever bike you flip.

I ask friends or family for help when I come across a good deal, because I don’t have a vehicle large enough to transport it myself. I just go in, purchase, and place it on hold until I can come back and pick it up. I also live a block away from a thrift store, so sometimes I just dolly it home. You can start with some smaller thrift store flips as well!

@@kalvinpayne thank you!

Hey boss! I actually took a break from doing research. I was really close to pulling the trigger on a product, but I decided against it for the season that I was in. I’ll probably be pretty open at first until I understand my particular preference in niche. What direction are you thinking?

Kalvin Payne I totally get that! Good luck with any future online sales

I appreciate that, brother! Hoping you find success with it too. Persist until you succeed, bro!

My pleasure! Glad I could provide some value, Ankur!

That’s awesome! I’ll have to take a look at the YFZs! $5000 is an insane profit!!

I hate to say it, but some of the best deals are those dusty baskets from the 70's and 80's. But you are right, you need to know how to work on them, and be willing to get you hands a little dirty. But once you learn it and do it a couple times , you realize that almost all of those models work the same and have the same parts, so they get easier to work on everytime. And there is a learning curve when buying a non-runner, you will have to learn how to tell it's going to be fixable, that usually comes with time or the proper training. Most of the time they just need carburetor cleaning, fluids changed and a nice bath, all this can be done in one afternoon, you will certainly clear $1000+ on each one of those dusty baskets. $1000 a day is not bad money, if you can find 10 of them and work real fast YOU COULD MAKE $10,000 A DAY, well in theory anyway, but you get the idea. But, you are on the right track though, the truely best way to make money flipping bikes is to buy a bike that is worth $6000, but you pay $2000, because the guy needs money for his mortgage or whatever, and turn around and listed next day for $5,000 (so it sells fast) and watch how quick you just made the money. But these deals are hard to find. Good luck man, there is definitely money to be made in this business. The other day a guy listed an ugly 96 katana 750 LOW MILES, non-runner, no title for $500. I said "I'll take it", he responded immediately with address, I went there with cash and pickup and bought it for $200, brought it home realized it wasn't going to be easy/cheap to get running, (thought I would getting running and sell the motor for $500), so I cleaned it up, touched up some paint and relisted the same day for $750, sold it the very next morning for $500, thats about as low of a profit as I want to go, but still 150% return on my investment. I guess what I'm getting at is there are alot of other creative ways to make money with bikes too.

Great points to the both of you! I definitely feel that it’s easiest to start with newer bikes. If you go the newer route, try to get some friends to invest with you-split profit until you’re comfortable on your own. The older bikes would be a good route to go with those friends if you can get bikes that don’t need anything far out of the range of their capabilities.

Stellar reply, brother! I love it. Very valuable insight.

Wonderful advice!!!

@@scriosin1711 Thanks, always offer as low as you feel comfortable with, you will be surprised what people will take. If they do get all upset about the low offer, just say, "well I'm sorry, ok you give me a number less than asking price then" and then just be quiet for a second, they will almost alway say a number much lower than thier asking price, but what ever number they say, alway go a little lower again...lol

I guess you’re the dragon for a reason! Those negotiation tactics are straight fire haha

Wat if im in california and we have an 8% sales tax?

It never has been a problem for me or for anyone else that has sold something to me! You should be fine!

@@kalvinpayne Flip alot & now time to open a shop,i have open a motorcycle shop now starting this jan 2021,thanks for your info it helped me alot in my growth started with $800 & now i have more than 50-60 bikes in stock .

All time favorite comment! Thank you for updating me on your journey. I would love to hear more about it!

The adventure is still going! Onto new things. I should definitely catch up to making videos for you all!!

Your spelling of “too” is incorrect. I don’t trust you. Lol all in good fun, brother! Aleko is a really cool name by the way!

@@kalvinpayne lol thx, is it spelled too? Not to?

When saying something is extra it is “too”. Where are you from, brother?

@@kalvinpayne oh okay i understand thx for the lesson :p from Belgium, but i have greek/italian blood

If you put the title in your name like you do a car, you will pay taxes on that. In some states like AZ that doesn’t apply. If you use the method I mentioned about going through a licensed dealer, I believe you can work it out with them where you can avoid the taxes on the front end.

Great point! I did mention at the end that laws vary from state to state. From the way that I have understood it is that some states allow you to have up to five vehicles in a calendar year, but I feel a lot safer informing individuals to go through a dealer, which is quite simple! Most dealers would be happy to take a small fee for allowing you to sell through them.

@@kalvinpayne I know that the law you're talking about is state by state; my state also allows 5 private sales a year before you must go the dealer route. But the title hopping law is nationwide. But you're right, some laws when it comes to buying/selling stuff does vary depending on where you live, it is important to know before starting a business doing this. Hope the business has been going well for you!

Abel Gedamu you’re absolutely right! Fresh point of view. What are you looking to flip for your first bike?

@@kalvinpayne I've got a Ninja that I have some repairs to make on. Owned it for about a year, just need to go through everything and sell it. Probably won't make a profit off of it, but I'm using it to learn how to do basic maintenance. Kind of like my "test bike".

Well I’m hoping you at least breakeven, but Ninjas are gold, so I’m sure you won’t have any problems. Just take stellar pics!

Hey Mike, thanks for stopping by and subscribing! I’m thankful that I could be of help with the motorcycle video. Please keep me updated on how that goes. I actually ended up postponing this project, but I do want to pick it back up very soon! Thanks for the suggestion!! I will definitely consider that!

Hey Angel, it stands for Headline Search Ad. Junglescout has some of their recommendations for the recommended bid amounts. At the moment, I do not have my membership to JS turned on, but I think you can access some of the videos for free! They also have a CZcams channel you can check out for more information! Thanks for the question!

Wow! That’s awesome! Start flipping those bikes ASAP and keep me updated!!

Sorry I just read the comments below and it answered my question great step by step video btw extremely helpful

Glad the other comments helped! Let me know if you get any flips under your belt!!

Thanks for the kind words!

We’ve never had anyone ask, but we cover our bases by saying that we didn’t keep it long enough to get it in our name.

@@kalvinpayne what happened to me is that i made the "mistake" of asking for permision to the original owner for making a new contract with his name and the new buyers name. And like i was expecting, he wanted a part of the profit i was going to make. Ive learned for the next time!

Oh yeah, that’s why I avoid any names being written until final sale. You’re just acting as the middle man.

​@@kalvinpayne What you're doing is called curbstoning and is illegal in California. Telling the seller you and your brother are debating who gets the bike so they leave it blank and then telling the buyer you didn't own it long enough to have it to put it in your name is dishonest. Kinda scummy man. I hope nobody sees this and sends the authorities your way. Anyone watching this, best of luck running this scam. You risk fines and jail time if you're caught.

Great point, Ryan, which is why I stress for people watching to look up the laws in their specific state. I prefer using a licensed dealer, tow truck driver, etc. (someone with a license)- saves on taxes and hassle.

I’m also in California and I haven’t had one seller write anything on the title yet, but it’s bound to happen. Catch them before they do and say you haven’t figured out who will own it yet. I would use my brother as someone to fall back on. “ Oh he and I are debating who gets the bike, so we can leave that blank. Can we just sign the release of liability with your info?” Feels a little awkward, but you don’t want them to write anything on the title. The open-ended title is best!