Why Land Is the King of All Flipping 👑

Here's how I almost made $1,500 from this 2002 Lexus RX 300. I bought this from a dealer auction for $2,200, but here is the only issue with this car. It needed a flex pipe. Other than that, it drove like butter. It had no lights on the dash whatsoever. I ended up taking it to my muffler shop and getting a new flex pipe for it for $150. And then I took it to the car wash, gave it a nice clean squeaky car wash. As you can see, I'm having a really good time just enjoying the lights and the soap and all the fun stuff at an automatic car wash. And then I vacuumed it from the inside. This car was already detailed by the dealer who I bought it from, so there wasn't much cleaning up to do luckily. But then I just took some nice pictures of it, put it up for $4,300. Someone came down and offered me $38,000, sold it, locked the deal, and boom, that was a $1,450 profit.

Alright, this is cool. But here's what nobody's telling you about flipping cars. It's really hard to tell what's actually wrong with the car. And if you can fix it, if you're not really good at it, you need a good mechanic shop that you know is skilled and fair, which is definitely not easy to find these days. And if you have a job and a family as well, that makes things even more difficult. The profit you make ranges from a few hundred to a few thousand dollars, which isn't that bad. But considering the amount of work and risk you have, it's not that much of a big reward. I like land flipping because it's easier to tell where it is a good deal or not. It's much easier than a car or a house, for example, much less details going around. You can realistically scale to 6 figures starting with smaller deals to build capital, and then you redeploy it into larger deals. You don't have to mess with 10 to 15 sales each month to make a substantial profit like you would by flipping smaller items. I'm curious, what's your take on this? Let me know in the comments.