4.8 • 2.1K Ratings
🗓️ 16 August 2022
⏱️ 18 minutes
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HE MADE $190,000 IN ONE DAY! How To Flip Cars | Ep. 020 - https://youtu.be/I-6dpgPtzEo
I SNUCK INTO THE CAR AUCTION - How To Flip Cars - https://youtu.be/txxuzkYb77g
How To Flip Cars (Flip Nation With Ryan Pineda) - https://youtu.be/JWdbNzjhWjk
Follow Lucky on social media!
YouTube - @Lucky Lopez
Join the Wealthy Way today and get access to my free course, planner, and discord community! https://wealthyway.com
Want to be coached by me on real estate investing? Apply at https://go.futureflipper.com/?el=yt-description-ff
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For a free consultation with my team go to https://RyanPineda.com
Let my company make you passive income through E-commerce Automation! Watch the case study at http://lunarecom.com
Join my free coaching program for real estate agents! https://wealthyagent.io/
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You can invest in my real estate deals! Go to https://pinedacapital.com
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My other social media channels:
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Subscribe to my real estate only channel "Future Flipper" https://www.youtube.com/c/futureflipper1
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Lucky Lopez and I discuss how to flip cars! We also discuss how he created a "buy here, pay here" concept that he implemented at his business.
Would you flip a car for cash?
side hustles, how to flip a car, how to pay for a car, how to sell a car for cash, best side hustle
Click on a timestamp to play from that location
0:00.0 | In this podcast clip, I had Lucky Lopez on. Lucky is a YouTuber here in Las Vegas. Him and I have collaborated on many different things. |
0:07.4 | In fact, we did a whole YouTube series about how to flip cars. Now in this clip, we are going in depth on what it's like to flip cars, |
0:14.9 | how he's been doing it, how he made over $190,000 in just one day. |
0:19.6 | He also talks about a concept called buy here, pay here, that's really interesting. And we go in depth about what I was thinking about when I was trying to figure out |
0:28.6 | how to buy my next sports car. So if you're in a car and you're in a business, you're going to like this clip. |
0:33.6 | I started basically working on cars in my driveway when I was a kid. My dad had a few kind of just cars that he just kind of gave up on. |
0:41.4 | I was tinkering with them. And one day I was going through the newspaper and I saw an ad on Toyota auctions. |
0:47.9 | Now I didn't know this. This is my first time, but there's every Toyota has to post something when they basically impound somebody's vehicle, |
0:54.6 | notifying that they're going to have it up for public auction. So this was when I was probably about 14. I was just like, |
1:00.6 | you know what, I got a few bucks, I'm working my summer job. You know, let me go try this 14 years old, walk into the auction. |
1:06.2 | I must have thought I was 18. And then just basically started bidding on cars, brought home two cars. |
1:13.2 | My parents were a little upset with me, but I just started fixing cars and just kind of fell in love with it. |
1:18.7 | And went from just kind of as a hobby through high school and winded up becoming more of a passion. |
1:24.8 | How did you get the money to buy cars at 14? |
1:27.9 | Well, during this time, you know, obviously, no Vegas. It's 110 degrees, 115 degrees in the summer. |
1:32.9 | Ain't nobody want to mow their yard. And we live close to an HOA. So we knew that if they didn't mow their yards, |
1:38.4 | they were going to get ticketed and fined. So we wait to the hottest days of the summer. Hey, 20 bucks a yard. |
1:42.8 | We'll go ahead and mow your yard. So kind of same thing, day one hustling, trying to make that money to grow up in the what we wanted to do |
1:50.1 | was basically flipping cars. But yeah, we worked all summer, got about $1,200 together, which is enough to buy two cars from the auction. |
1:56.0 | Wow. What were those two cars? What's selling for $600 bucks? |
1:58.9 | It was a 1979 Lincoln Continental. And it was a 1960, I believe, seven Chrysler Imperial. These things were land yachts. |
2:08.7 | So what did you make on those first flips? |
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