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Hey what's going on Tony from how to buy and sell your cars calm hope all is well, and I wanted to make this video because I've been getting a lot of questions also from new members of the f1 auto cash formula how to flip cars for profit course and like the people are getting confused still Tony what do I do with the paperwork right with the title the registration the insurance in all this info that I have to fill out or do when I flip cars for profit what do I do right and there is a simple answer and the gray answer and a legal answer ok and don't take the information don't misconstrue all the information that I'm going to give you toward a negative way or a scam you wear anything I'm not an attorney I'm just going to give you my opinion from that comes from experience hearing what other people do maybe do some of those things in the past you know my way, and I'm going to give you the blunt truth about how this all goes about alright, so there's a legal limit when flipping cars alright in every state some states are like you know if you sell more than five cars you have to start paying taxes or get a dealer's license and just a bunch of rings around okay some place is a little higher and easy to get titles quicker to get titles California I know Hawaii I know you get titles the same day I'm pretty sure California is like that, and you literally go in buy a car find a good deal off some old person or off Craigslist somewhere you get a good deal on a car then you basically get that registration and get it registered under your name and get the title that day alright some places some states you could do that some places it'll take two weeks three weeks for it to get in the mail okay and some people are like what do I do in the meantime like if I do it the right way and register it under my name what do I do in the meantime well what you could do in the meantime is keep looking for deals and pick up another car or if you don't have the money you get just getting started just keep doing your regular job do your regular day job keep saving money, so you can have more money to flip for profit right, so that's what you do when you get the title then you're ready to sell it all right and some people are like well what about the insurance just switch the insurance over just say hey I got I bought a new car I want to put it on insurance and put on the shirts and when you sell it you sell it just say hey ended up selling the car alright and now some insurance companies right no matter what car you buy you're automatically covered for that car for 30 days even if you don't basically change the title to your name right as long as it's a blank title, and you still have the cars in your possession, and you're maybe you're driving it around right it's actually still covered for 30 days from when you make that purchase if the date is on the title okay so keep that in mind I'm not going to reveal all the information here, but that is a strategy that we talk...
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