How I Turned a Neglected BMW M3 into Thousands of Dollars in Profit

TLDRLearn how I transformed a neglected BMW M3 into a profitable investment, making thousands of dollars in profit. Follow my process of buying, fixing, and selling cars to make a living full-time.

Key insights

🚙Buying and selling cars can be a profitable full-time business

💰Older BMW M3s are appreciating in value and can be a good investment

🔍Using autotempest.com helps cast a wide net when searching for cars to buy

🔨Restoring and fixing minor issues can significantly increase a car's value

💡Knowledge of car maintenance and repairs is essential in identifying profitable deals

Q&A

Is it possible to make a living buying and selling cars?

Yes, many people make a full-time income from buying and selling cars by identifying profitable deals and restoring them for resale.

Why are older BMW M3s appreciating in value?

Older BMW M3s are considered iconic cars that hold their value due to their performance, limited production numbers, and enthusiasts' demand for these models.

How can autotempest.com help in the car buying process?

Autotempest.com offers a wide search range, providing results from multiple car selling platforms, saving time and increasing the chances of finding good deals.

What are some common issues to look for when buying a used car?

When buying a used car, it's important to check for mechanical issues, bodywork needs, and interior conditions. Also, look out for signs of accidents or major repairs.

What skills are necessary for success in car flipping?

Skills such as car maintenance and repairs, negotiation, market research, and marketing are crucial in identifying profitable deals and maximizing profits.

Timestamped Summary

00:00Introduction and overview of the BMW M3 flipping process

02:29Using autotempest.com to find cars for sale

03:59Evaluating the condition of the BMW M3 and estimating its value

08:22Inspecting the exterior and interior of the BMW M3

14:32Test driving the BMW M3 and checking for mechanical issues

17:45Identifying minor issues to be fixed before resale

20:10Negotiating the price with the seller

23:50Making the purchase and planning the restoration process