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Updated over 5 years ago on . Most recent reply

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John Echele
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Starting with flipping cars?

John Echele
Posted

Hello, new guy here.

I just read several books about real estate investing, and I am ready to start something NOW! The biggest problem is that I still have no idea what I am doing. What I do have have is 2 ASE master certifications, a really nice set of tools, and $500. So I bought a car for $400, put a new head gasket in it and sold it a few days later for $1000. My goal is keep this going and to keep scaling up until I have enough for down payment on a flip house. Has anyone else started out a similar way? If so do you think starting out with something smaller helped you with your first deal.

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