I've been trying to come up with a way to make a few extra bucks on weekends for a while now and I keep coming back to flipping cars. Anybody do this, and how realistic is it that I would succeed? Any tips?
My thinking is I'd go to those michener allen auctions and form my max bids based on what those cars are selling for on kijiji at the time, or other sources. Maybe take the average selling price there, drop $500, and thats my max. From there just make sure to pick decent cars. Thoughts?
Also, I've never been to these auctions before. How much can you check out the cars beforehand? Can I pop hoods/trunks/etc, are they all alberta cars (or specified if they aren't), can I start them up, anything like that? Are there other car auctions in the city I should know about (who does the police auctions?)
I'm nowhere near in a position to flip real estate and this seems like it could potentially work as an evening/weekend hobby