David flipping cars with $1,000
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- čas přidán 4. 08. 2023
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David Meltzer is the Co-founder of Sports 1 Marketing and formerly served as CEO of the renowned Leigh Steinberg Sports & Entertainment agency, which was the inspiration for the movie Jerry Maguire.
His life’s mission is to empower OVER 1 BILLION people to be happy! This simple yet powerful mission has led him on an incredible journey to provide one thing…VALUE. In all his content and communication that’s exactly what you’ll receive.
He is a three-time international best-selling author, a Top 100 Business Coach, the executive producer of the Apple TV series 2 Minute Drill and Office Hours, and the host of the top entrepreneur podcast, The Playbook. His newest book, Game-Time Decision Making, was a #1 new release, David has been recognized by Variety Magazine as their Sports Humanitarian of the Year and awarded the Ellis Island Medal of Honor.
Financial advice of the day: He didn’t actually do that lmao
"49 of 50 replied..." I'll take things that didn't happen for all that guys money.
Agreed. However I do like the idea of searching for the fastest sale ideas.
1st Car: 1000$ --> 3000$ 2nd Car: 3000$ + 100$ --> 6000$ 3rd Car: 9000$ ? He only has 5900$, how did he buy a 9000$-Car ?
@@godbleaknah he said 49 out of the fifty either ignored him or if they DID reply then they told him to fuck off
you'd get your mail account turn into a spammer account for that
I flipped two cars in a year once. Spent a lot of time in the ICU.
Thanks i needed this laugh
Hahaahha
That’s a technicality but we’ll take it
lmfaoooo
😂😂😂😂😂😂😂
here's a tip, if a guy is willing to sell you a popular/fast selling $3000 car for $1000...ur the one getting ripped off, not the guy selling it lol.
You one them people who never negotiate or haggle you just buy as is as priced I bet
@@funniersphere44he's saying the facts tho if the price of the car is 3000$ and he's selling u for 1000$ ur not getting the right car there's shit load of shit is wrong with it and if ur getting it for 1000$ its not getting sold for 3500$ otherwise that guy wouldn't have sold it for 75% less his would've been sold for 3000% that's not how its gonna work yes maybe out of sheer luck if u tried for 10 years sitting at home emailing everyone if u don't believe it give it a try and see who sells u a product that's popular and u get it 75% off of the market price
@@lucynatas8458 the point is trying to get the vehicle then selling it for as much as you can rinse and repeat it's not an honest matter yes it's not meant to be good for the economy it's to get a quick buck lmfao that's why you try to buy cheaper than sell for more it's legitimately trying to rip people off id never sell a car I just bought thats why you do inspection and cleaning and repairing then sell it for way more because it has value added to it not taken from it even 1468 bucks profit is still 2468 bucks stupid you use that to buy the next and continue it till you have to get the license to sell more than 4 to 10 cars a year then start buying expensive equipment or gear write it off as a business expense to get lower taxes and repeat it's about building up and using what you have
This must be the guy constantly offering me 1/4 of what I’m asking for stuff on offer up
@@73SINNER I ask for current market value not personal value that's why the marketplace is dying down because no one cares how long it was mine or the person I'm buying it from it doesn't matter like that anymore shit I just got a rtx 3060 12gb half a month ago for 65 ish percent off
If it was this easy, all car dealerships would be billionaires.
Exactly
profit for used car dealerships is 20-25% max nationally believe it is a penske dealership
Lmao
This is illegal without a dealers license, so there's that.
You might be right in this case but that's still the wrong response. Most people don't ever do anything because they tell themselves exactly that. But some things are actually that easy. You just have to do it.
never let the truth get in the way of a good story
Gold.
The only thought I had lmfaooo 😂😂😂😂
HAHAHAHAHAHAHAHA right?
I wish this was fake, sadly, resellers are everywhere
@@Muahaha651 I know many people who have done this and do this (resell/flip cars). The guy in the video though makes it sound so easy and guaranteed. This is emphasized with his comment, “20k in a month.” Nah brodie thats not gonna happen if you’re starting with $1k. It takes a month to flip a car lmao, and no one is going to agree to a 50%+ reduction in price off rip, especially if the car is in the top most quickly selling cars, unless its an absolute piece of shit, which means you gotta fix it, which means your margins are hella low. No, this guy is selling you a pipe dream lmao
Rumors had it that he is now flipping gigantic mining trucks.
He then flipped the ISS.
He flipped the sun 2 days ago
@@ShnierpiffleThere’s no way that’s the fastest selling star for that price range
I'd lose that initial thousand once I got the mining truck. No self control.
@@ShnierpiffleHe tried to flip a black hole next…..
When your Drunk Uncle, try to impress his teenage neighbors 😂😂😂
“This is how to create cash flow”
The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns.
2 car to sele it take atlas 1 day to sele,,he is smoking crake
Get to her
FinanciaI-PIanner Rebecca Mart-Watson (in fuII)
This is a man who's told this story so many times that he now genuinely believes it happened.
It is the basic of sale :))) in every industry.
It happens tbh im
Mechanic and do this shit for hustling fix a
Car like toyota mazda honda kia cuz that brand of cars are reliable and fix and buy and sell it here Vancouver
Yep he is dreaming :)
@@justinlikesme19yes, you fix a car, thats completely diff then what he is "doing"? Hes sayin get a 6000$ car for 3000$ and then sell it the next day for 6000$.
After 20k the difficulty amps up to 100…20k paid of a lot of bills and collections we had…so, not the greatest but, it was fast money
“I won’t say the name”
Me when I spread misinformation online
There are websites that does provide sales analytics, it's just that he think that that website was his cheat code when he did that so he keep it to himself
Ancient historians like "it came to me in a dream" 😅😅😅
its code for "i fucking forgot the name"
Anyone know the name of the website?
It's NOT Jacebook Jareketplace
Update: Now he's flipping countries
😂
jjajajajajajaa
😂😂😂😂😂
IRS: Allow us to introduce ourselves
Underrated comment 😂😂😂
D:
What do they have to do with this? It's not illegal
@PullinMyOwn depending on where you live, most states regulate how many cars you can buy and sell in a year, after that threshold, you must get a dealer license
@@PullinMyOwntaxes. If you sell a car for 3k. You don’t net 3k.
That's a long way of saying "My mom gave me $20K".
He had a dream last night ….he can tell a : years old he may believe him for a second :)
My dad gave me a small loan of a million dollars.😂
😂😂
Lmao 🤣🤣🤣🤣🤣
That's how Nigerian princes make money. Email 100,000 people, and you'll snag a sucker or two. Rinse and repeat. Why bother with the cars?
Wait what, I just sent prince Abukabar Tafawa Belawa 1000 Dollars yesterday and he promised to transfer 1.000.000 Dollars in exchange in two weeks!?
@@rudimentaer4830 Don’t rush, dude, you have to wait 13 days.
@@takehsheeAh ok, thx! 👍
We gather de✌️
Because buying and selling cars is legal and maybe ethical.
Then you buy the car for a 1000 and find out it has a blown head gasket 😂😂
Yes this!
I'm sorry guys, because of this incredible advice I kept leveling up my flipping game, now I just sold planet earth to the galactic federation of aliens 😢
Stop the cap,we told you we ain't paying $349,000,000,000,000 plus a cheeseburger, asking for a cheeseburger was just too much.
irs: WE made $19,000
Not if it was all paid in cash 😏
@@ShiggyMomothen they ask you where all that cash came from
@@ShiggyMomo You have to report that.
@@OscarTheGrouchyyeah, sure you do
Depending on the state, but most states allow you to sell 3-4 cars a year for profit without needing a dealer license. And if you're not a business and you don't tell the Government, there's no reason to pay them taxes because nothing is reported.
Today he’s flipping alien aircrafts.
😂😂😂😂
Actually he is selling the fastest selling cars for 50 milion dollars
49/50 alien told him to fuck off, one said "ayyy lmao"
Kekw😂😂😂
Garbage parasite. I know you are definitely not a mechanic.
Real story: 1/50 agreed to the sale for $1k. Now he has $1k of scrap metal rusting in his backyard.
I grew up raised by an under an immigrant that made his money off fixing and selling cars here in South Texas, he would go to the junkyard or pick and pull auto junkyards and get parts for cheap using his own labor, and fix small defects or problems in any specific car he was buying to flip, he made a lot of money doing this stuff, so it’s not off the table as some illogical or impossible way of starting a stable cash flow.
Yeh, the problem is that he presents it as 3x -ing your money every few days, without hard labor. Which you defenetly wont do consistently.
@@trokolisz3702 it wasn’t really hard labor, we were working out of a public storage unit, we’d buy a car for 2-3k fix her, and sell it for 4-7k, we never lost money on a deal.
@@trokolisz3702 it is very possible to do that
@@kakumiyoshikawaonly because y'all knew what cars you were good at that's where most fall back they don't know the mechanics side of it so they clean the outside and inside and think that's the selling point but that's not
everybody has that drunk uncle with the incredible stories
Yo! 💀💀💀
HAHAHAHAHAHHA
Spot on🤣🤣🤣🤣🤣🤣
I appreciate your perspective !!
lol
I like how he was able to sell the 3k car in one day even though the guy he bought it off struggled so hard to sell that car that he dropped the asking price by 2 thirds to a guy on an email....
so true. this logic completely breaks his entire argument. i suppose it’s maybe possible if he did some insane marketing and the original car was not clean and has horrible pictures.
if he jumped on it early it's not impossible.
🧢🔥
@@electronicsandewastescrapp7384 would not happen mate
Car could've been listed for only a few days and the guy selling it could've really needed the money :/
It's sounds great in theory, but in Canada, there is a law called curbing. You need a dealers license to sell unlimited cars per year. You can only sell a limit. I believe it's only 3-5 cars per year
As if anyone’s gonna follow/ or get caught for that bs law 😂. There’s a cool thing called cash
Its not like he talked about paying tax after every sell.
Its clear that he would do it illegaly, till the IRS arrests him.
Briliant mind.
That's a law in most states some even less cars can be sold it's sad really
@theraylou
Same thing in most American states. They call is curb selling and its not legal!
@@Nick-ke8nti believe you may have mental retardation so ill explain it whenever you buy or sell a car paperwork is needed to be done which shows who bought and sold a car when you are caught for selling over the legal limit you will be fined or jailed you need a licsene to sell anymore then 3 cars a year in the US and its similar in canada
"I now look for the fastest selling international space station. I won't tell you the website"
That would cause instant TOS violation and censorship + deplatform. He mentions Carguru in comments.
Facebook marketplace car fixing/flipping is wild, went from a 500$ ford to 7k in a week
Hello man, could you gave me your instagram (or anything really) so I can contact you? Please, it would be really helpful
how so ??
@@xxGamingHeroxx10im sure the gentleman in the video explained it quite simply....PAY ATTENTION..DAMN...SMH
@@transcend_higher🤣
I’m clueless on when it comes time to report on taxes.
This is the guy lowballing me when I sell my car.
yeah, if 1 in 50 guys will sell you the car 2x cheaper than it costs, then there something wrong with the car, and you wont sell it at all
Anything can work. Doing what sounds fun and you enjoy is how your ensure success
The hardest part was to find someone willing to sell a car worth $3000 willing to sell for $1000
If you make a $1 chocolate and sell it to 1 million people boom you're a millionaire. 💀
This is the absolute worst way to think man lmfao. Mind of a child
No, what about factory costs, paying workers, taxes, buying a factory, getting food and saftery licences, and many other factors, you need to sell way more then 1 million choclate bars
Why are you applying logic? The dude in the video sure isn't@@isaacrigby
@@Jay9966 That is actuall logic, he has done it before, and he is subtracting the costs from the revenue of the cars he is selling and telling us the real proffit, not selling 1 million chocolate bars at a dolllar and becoming a millionaire,
ill make them my self at my house
boom@@isaacrigby
For your doubters out there. First, if you do this regularly, you'll need a license. Go get one... It's not a big deal. Second, there are stupid people, and there are lazy people. If you look hard enough, you will find one who's both. Guaranteed.
Well not really. You may need a license if you title and register the car to your name…otherwise, notarize the title and leave it open
does doing this work legally? Will I be able to do more than 5 cars a year doing this?
@@andrestapia7
I got 15k worth of car that drives for 5k. this 20 yo was broke, can’t fix, and didn’t troubleshoot at all lol lazy and stupid
@@andrestapia7thanks for the info will look into that
The other possibility is you end up with a car that costs more to fix than you can get for it.
The amount of Minecraft parkour videos he ended up at is probably insane 😂
This is that drunk uncle after thanksgiving dinner
I love these 1980's success stories.
80s sussess stories did you hear the end story were he lost absaloutly everything including his own mother's house because he put in his name to borrow more money hes a schmuck
“I went on the website” what website in tje 80s?
This guy changed his hustle to selling dreams
Actually? What does he do
He is now selling the fastest selling car in usd 24k range and day after he will
Pop in to usd 25k
Range I know his strategy 😂
Dreams are cheaper than cars.
@@CluelessEngineerur name fits
Bro cooked 🔥
But no one was hungry
Money is made on the purchase, not the sale. I don't know about selling used cars, but finding that one in a hundred who's selling something way below its price is the trick. It's alot easier to buy low than to sell high. Buyers know the market price. But not every seller does.
Weird how those fastest selling cars just didn't sell until he was selling them😂
Exactly, fastest selling cars are also getting sold for the money they're worth 99percent of the time
Awesome genius
Literally what I was thinking
You never transfer the title , just hold onto the open title. Transfer it after sell especially if you can get the car off within the month you buy it.
That's why he low balled 50 people and 1 guy bit, lmao you ain't ever flip a vehicle you in your life clearly
LOL I'm sure all the cars were fine with no problems 🤣.
Doesn't matter does it
@@null_spacex if you're a PoS nah
@@Cobalt_11 you rather be broke or a PoS?
Broke. Being a PoS is a permanent affliction.
@@null_spacex Broke, bro. Some of us have principles...
Бро, в России это называется перекуп, а не какая-то жесткая финансовая стратегия)))))
1 year later im still looking for a buyer
You mean a bail bond man ?😂
At the end of the month, the IRS says they made $15,000 as they flip the flippers. 🙃
irs?? we dont know them in the hustlin game buddy😂😂
@@geebeeeif the irs is cracking down on scalpers, 100% those Jews gonna come after car flippers 😂
Cash only dude 😂
This is why you invest that money earned into real estate and write off everything possible.
@@Ballerboithaone1what do you mean write off everything possible ? (Sry for english)
Telling advice from resting seats inside the mall definitely trust worthy
He's smart. He reached out to enough people to where he met someone that couldnt sell the car for its original price, was desperate (which you would find normally after messaging quite a few people), and eventually, he/she would sell the car to him. If you repeat the process, you will eventually meet someone ELSE who is just as desperate as the last one because they think its better than nothing after efforts of not selling the car that they're selling...Then you repeat the process. Not everyone is the same when it comes to how much YOU would go for selling a car. Youll eventually meet that person that is desperate enough to compromise for a price that is still big to them regardless of how much the car ACTUALLY costed. They just wanted to get rid of it already after so many attempts to sell the car they have.
Iits similar to real estate, after a while, the house will be listed and if no one buys it, they sell it for lower and lower because its better to be close to the original sale you offered, than it not being sold at all.
Legend has it he's Elon Musk's financial advisor at Tesla now.
Joke of the month.
Damn he must be good for Tesla to be the most valuable automotive company in the world
@ X
He forgot to mention all the money it took to replace the broken parts
Bold of you to assume he even checked that.
@FourOfClubs bold of you too assume it ever happened
“after flipping cars for 6 months, I went to the Grammys with Lil Jon”
i think tiny jon is sitting right next to him
Everything that’s starts with “That’s what I did” Ends us well
That website name was the advice we actually needed
carguru
@@DavidMeltzer
Thank you!
@@DavidMeltzeridk how you can check for the “fastest selling cars” at certain prices. Doesn’t really make sense
@@DavidMeltzer You're the man brother
@@ZeeCappHe meant the car that are sold the most, not fast or quick car by speed.
This guy is living in a perfect world
if only that worked in my country lol
@@jaimdiojtarin cali you can only sell like 4 cars a year lol
that's why my grandfather told me "son, nobody gets rich working. In business it's easier to earn money."
@@trainingday786spoken like a poor person ;). Let me guess, 9 to 5 job?
@@deyh5664I get the vibes you’d rob old lady’s
@@deyh5664let me guess, you call yourself an entrepreneur and make absolutely no income from it?
The era your grandfather lived and the one you live are totally different.
Ask your grandfather if a 9 to 5 job can make 1 to 3k per day, he wouldn't probably believe.
There are a lot of labour hire jobs in IT that pays that much.
Business is like crossing the ocean on a raft. Its difficult but the fruits are sweeter
@@nammalilleee3207🧢🧢
People usually do not tell you how they really made their money. That’s the truth.
This is absolutely tried and true but not with $1000 and today’s market. Inflation is insane… People are asking $3000 for non-running vehicles on facebook marketplace 😂
type up chris fix
I got a car on marketplace for $1000. Runs and drives. 98 Ford Taurus. Nobody is wanting to buy it. It starts everytime. Wtf.
@llilhdx its a Taurus bro that's why😂
In the real world there's a jeep for 3.5k you can talk them down 1.5k it's got some rust
Taurus is a POS nobody wants something that’s guaranteed to breakdown soon 😂
Yeah no way brody is selling cars that fast, great story, great to explain a concept but a beginner trying to do this will just end up losing his bread.
The thing is, even if this would work, you can't spend that money. If you turn $1000 into $3000. You still need that full amount to keep going. You can't say, let me use $2000 to pay for food and rent. Because it will put you back on square one.
You save the money
Can't do that as a non professional here in France because of the price of the logbook of each vehicle, which is priced by the amount of HP and on depending in which county you live in.
“i won’t use the website name” is code for “im making this up on the spot”
As a guy who sold 50-100 vehicles a car doesn’t sell in a day it’s very rare
As a guy that’s sold 50+ vehicles I can tell you it absolutely does 😂
When my 2006 duramax blew up, I sold it in 5 hours with a broken crank. Just recently flipped a 2008 Impala with 89k miles. Sold it the day after it was posted. The 2016 Silverado LTZ Z71 I’m currently selling tho has sat a month now lol
He just played car for sale simulator in real life
you sold a car for a day at more price than other people are selling it for. Amazing 😂😂
"And with that $19,000, I spent it all on this suit I got from the thrift shop. I mean sure it looks like a $50 suit, but the seller told me it was worth like $100,000. I haven't passed this final stage in my flipping yet, so I come to you with my story in the meanwhile hoping you'll give me something to eat...?"
Liar's on every single step!
🤣🤣🤣🤣🤣👍
Nowadays problem is that everyone got access to information, hard to find a good deal. If someone is selling something too cheaply be aware
I know several people that do this lowkey! All 3 are mechanics and its there side gigss
These are the guys who have to answer their phone just when the bill for dinner arrives.
thats how he collect 1000$ for first car, lol
Taxes entered the chat
Only suckers pay taxes
No taxes paid cuz government has no control over this
Buy it for a dollar, sell it for two… I learned that in middle school selling candy.
From theory to action is like from here to the moon......
😂😂😂
Yeah the problem with this is that you take a loss one time early on and your whole scheme is ruined. I've seen it happen several times.
Yep, can just get stuck with a car that no-one else was willing to buy.
That's why you find a buyer before you buy it@@davedavy5406
Lawful advice, you can only sell a certain amount of cars a year without registering as a dealer depending on your country
I see a ton of hate comments but this actually works, it’s just very grueling and isn’t guaranteed to happen fast. I flipped a car on Craigslist and made about $600 but it took like a month to actually sell. Between ppl flaking the meet ups and the people who agree to one price over the phone but then low ball in person it’s really annoying
"So what I did is low ball the hell out of people and profited off the most desperate one"
Maybe that's possible in the US. Here in Italy you pay a lot of taxes/fees (and there is also quite some paperwork involved) every time the owner of a car changes.
Same in Panama
Same thing in Brazil.
Same in US. He’s not paying taxes, not getting the legal title, not registering the cars. He doing what a dealer does without the license. In short. Lui sta mentendo.
Skill country issue
Il bellissimo passaggio di proprietà
“You won’t believe how I got rich”
Real advice. That's illegal af if you go over the limit as to how many cars you can sell in a year. After a certain amount you need a dealers license... check your state laws....
I love how he tells you the best possible scenario (also illegal in 95% of North America without a license lol..they will let you do it 3-4 times max) of flipping cars but not the countless things that typically go wrong or the amount of time it actually takes to find a serious buyer that doesn’t waste your whole day. It’s a great thing ti do if you have a physical business location but I’ve done this several times and it’s not all that it’s cracked up to be. Made 7k on one vehicle I fixed up last year but even then I still don’t talk glowingly about it because I know the actually bs that’s involved with the whole process.
What kind of vehicle did you flip 🤔
@@mikeyoung5329 town and country, they’re great for flipping if you have some connections with public auctions or local used car dealerships and connections with mechanics that will fix things for cheaper (get the parts yourself and stuff like that too)
You need a dealer license to do that more than 3 times per year.
If you leave it in the persons name you bought it from, then flip the car. You can do it as many times as you want to. I know a guy 😂
@@richiefuentes1430I bet that guy is Latino 😂
@@richiefuentes1430 that's a great way to go to prison bud
@@KSKaleidowrong
@@EJames-sm5krwhy is he wrong? Is there a way you could sell/flip the car so that government could also not find out that you didn’t put the title in your name before selling/flipping it?
His mathematic is so perfect 😂😂😂😂
Unless you have a dealer's license, you have to register every single one of those vehicles before selling it. It's called a jump title.
There's a good chance that if you buy a car at half its worth your buying something with a lot of problems and makes it harder to flip if at all.
not true, the people I buy from are typically either in a rush or they do not know the value of their cars and I capitalize on that.
@@momowii92or they dont care about it enough. I bought a Great suv low mileage for 4k less then asking price from a lady who just had a brand new 2023 model and didnt want the old one collecting dust.
Not true, I have done this but with laptops. Smaller investment and I'm able to fix ones that do need repairs. Granted you could do better as a mechanic being able to do your own repairs and determine beforehand what stuff could cost if needed.
It helps if you know about cars and what people are looking for.
Use to do that back in the day but now you need all of these permits and shit
Nah...no permit needed to sell your own car bruh...what the hell u talkin bout?
You selling a car..
Not trynna start a dealership...
@@transcend_higher depending on the state once you sell more than a certain amount is when you need it
@@transcend_higherIt’s not like that here in Texas atleast. You have a limit, after so many cars being sold you have to purchase a dealers license. Only way around that is to have the customer not sign the title and foot that transfer fee over to the person buying it. Ask me how I know 🤦🏻♂️
@@astro54541it's not like that in most places. He's just ignorant.
The taxman wants his big cut. Not just the crumbs
What permit? You lazy that’s all.
I've been involved with crypto since 2016 and
I'm actually glad I did back then as it was a
water flow moment for me financially, the
smartest move l've ever made in my life
Sometimes i wonder how people get
rich at these days.
But people don't believe it's true anyone
can make money from home online
because of the high rates of scams in
the business.
if you want to be successful have the
mindset of the rich,spend less and
invest more. dont give up your dreams.
i advice everyone to start investing and
never rely on just salary. No billionaire
made it through salary.
Yes that's true
He woke up one day and realised "hey, I could make money just talking my stupid impractical bullshit on social media without ever doing anything I ramble on about"
I once got a 50 cent soda, sold it to a person for 1 dollar, then got 2 sodas, sold them to 2 people for 1 dollar each, the got 4 sodas at 50 cents each and sold them to 4 people each for 1 dollar, then I purchased 8 sodas and sold them to 8 people for 1 dollar each, then I got 16 soda.... etc.....
And I made $25000 that day!
He missed the part where the one guy who is willing to sell you the the beater for 1000, is only willing to sell it because he is already trying to fleece someone of 3000 for it and it doesn't even sell for 1000 after you buy it for 1000 because it has some sort of fatal flaw that isn't obvious.
U missed the part where u had to be intelligent enough to see the car in person and realize and not pay.. ur one of those stupid people along w the 69 likes
Exactly lmfao this guy wouldn’t know a wheel from an engine either
So then fix it? You will still make profit. I had friends like you guys. You get put on to something that actually makes you money but will always find an excuse. This is why you aint going no where. Its like you dont like money
@@mcamz8309Just wondering, did u ever had a side hustle that generated u 1k+ 3 month back to back?
@@mcamz8309 I did this hustle when I was a kid lol- this is for poor ppl
Nice to see a Lincoln mark viii, doubt it is the fastest selling car lol. I miss mine, sweet cars
I'm a mechanic and while this business does model exist in various cities etc. The problem is folks won't buy of private traders. Because there's no come backs in the event a serious fault developed within a month of purchase. A dealer can be held liable.
And the suckers that bought the clunkers from him are still regretting the decision today.
yeah and they are wishing bad thing to him. So i hope the dude sleep well lol. Maybe karma gonna broke him if its true
He doesn’t say anything about waiting in line for hours on end at the dmv while you are contemplating how to end it..💯💀
He just title jumps them, saves the line wait.
waiting in line is free though
You wouldn't wait in line for a day for 2k? Meanwhile, most people are minimum wage, they work the entire day which over a span of a month's income which is around 2k. You good bro?
@@freddie4682 this is the problem with most people, including me.... unless it is a direct pay. iDK what thinking got into our brain but we are reluctant to do it, even if we or i think logically.
@@freddie4682 for example im a new interior designer. When i think logically i can pre design 10s of house on computer for an impressive portfolio which will give me more client theoretically... but damnn its so hard to defeat myself unless i get a real client
The problem. States require you to be a dealer or pay the taxes in a week.
You can only sell so many cars a year before you need a dealer license
as my lecturer said " a sucker is born every min "
There's a limit on how many cars you're allowed to transfer ownership of within a year without applying for dealership permits. You can't legally do something like this without the normal governmental barriers to entry, exactly to stop people from doing what he's talking about.
Love the hustle
Make sure and check your states regulations on buying and selling vehicles.
For instance, in Washington state you have to be licensed after selling more than 5 cars a year. Now your into auto dealers license, tax number and all the business bs.
Yeah and if you do that you'll NEVER end up stuck with a car that isn't even worth the $1000 and you'll NEVER be harassed by someone unhappy with their purchase.
Guy told the secret on how to become a used car salesman.
doing this is some states, when selling a certain number of cars in a year, they will make you register as a car dealer
Same for job searching
I love when people forget about taxes
Exactly what I was thinking! I wonder though when you get the logbook (what we call it here) the seller usually signs it and the new owner sends it off. If you just didn't sign it and let the guy you sell it to do it. Obviously he probably wouldn't trust you but if you showed him proof of identity and your address with a utility bill. Probably get caught eventually for a big tax bill. What else am I forgetting?
correct. to legally re sell the car he would have to pay the taxes to get the title in his name. Not only that, most states will only let you do this so many times without an actual dealer license
Exactly what I was about to post
Then I realized that I won the 100 Million Dollar Lottery.
So I quit working and living a hell of a life now 😂