"The Internet is full of websites wanting to take your money. CarFlipping.com has been like an ATM machine for me...put your card in and the cash is printed!"
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.
Options are:
- 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.
