Reply to "Flipping Cars?"

Problem with flipping cars is there just is not many good deals out there. Just like real estate in California.
I personal think that the car values may go down a bit if housing prices ever begin to fall, You know if that bubble pops!
My tips
1. Buy right! It is very hard to buy a project fix it up with nice paint, interior, and motor and still be able to make profit. I believe if you buy a car right, project or not you should be able to sell it for a profit without doing much work on it.
2. I personally don't buy anything that I wouldn't be happy to keep! Sooner or later you will get stuck with a car you can't make money on then you have to decide keep it or lose money! Its nice to have the option of keeping the car instead of just losing money.
3. Its not what you think the car is worth it is what others are willing to buy it for. Look in the collector car trader, Same cars week after week. These cars are overpriced for the market or they would be sold the first week. What I am saying is don't believe that a 65 Mustang is worth $10,000 just because there has been one in the trader for 3 weeks at that price.

Just my opinion on the subject I am no expert of flipping cars, I just love cars of all shapes and sizes. I have also bought and sold many, and some at a profit.