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How many cars can I flip in a year? Do I need a dealer license?
In the CarFlipping Manual, we recommend that people check with their state to see how many cars they can flip in a year and NOT be required to get a dealers license. Many states are as high as 15 cars per year! (Indiana, for example, lets you flip 12 cars/year without a license...that's one a month!) You can see an interactive map below or go HERE for specific state requirements.
- Get a dealers license in your specific state (wholesale license or retail license depending upon your sale channel and volume). You can cheaply and easily do this with these guys: www.dlcnetwork.com
- "Flip" or "Curb-stoning" titles (This is illegal in most, but not all, states. This is when you buy a car and leave title open for your buyer to fill in. We do NOT recommend this, but it is a practice in the industry).
- Team up with a local car dealer to do the paperwork for you. There is often a small fee involved ($150 to $399). This can certainly be the easiest route.
All in all, it really depends on your situation: where you live, how many cars your want to flip, etc. We explain ALL options in the CarFlipping Manual including detailed positives and negatives. Ultimately, making a recommendation specifically for you depends upon your individual situation.