People talk about fixing up cars, but unless you have a garage, it's difficult, and even after you do it, the profit is very low. Go watch reruns of Gas Monkey Garage, Fast N' Loud, or Garage Rehab on the Discovery Channel. Richard Rawlings didn't make much money. His best deals were when he brought in a car, got it running, and immediately sold it on the internet. Whenever they wanted to actually fix up a car, they ran into a ton of problems once they took it apart (rust, frame, suspension, engine) and the cost sky rocketed. Richard made his 20 million because he's a reality TV star, has 3 restaurants, and sold a license to the name Gas Monkey Garage to an energy drink. He wasn't making a ton of money flipping cars.
Last edited: