How to Flip Golf Carts on Facebook Marketplace
Summary
TLDRIn this video, the host showcases three golf cart flips, starting with a challenging test drive in Miami. The carts are bought at low prices, refurbished, and sold for significant profit. The host explains their sourcing strategy, buying carts shipped from Venezuela and turning quick profits by selling them locally. Throughout the video, various deals are made, and the host reflects on the successes and challenges of the flips, offering insight into their flipping process and the results of their hard work. The video wraps up with a request for viewers to subscribe for more content.
Takeaways
- 🚗 The video covers three golf cart flips, starting with one in Miami that broke during a test drive.
- 🌍 The seller gets these golf carts from Venezuela, importing them at a low price to refurbish and resell them.
- 💰 The video creators previously bought a white golf cart for $4,100 and sold it for $6,500 the next day, earning $2,400.
- 🛑 The six-seater golf cart's brakes were faulty but still in better condition than their last purchase.
- 🔧 The brand of the golf cart was misidentified; it was labeled as 'Club Car,' but actually was an 'Easy Go.'
- 🤑 They negotiated with the seller Toto and bought a golf cart for $2,950, planning to resell it for $3,500 to $3,800.
- 🔄 Over the course of the month, they've flipped around 12 golf carts, making a profit of approximately $3,600.
- 🏡 The video also includes a brief visit to deliver a golf cart to a customer with a house on the water, showcasing the sale.
- 🎵 A 1999 model golf cart they bought for $4,900 was expected to sell for $7,200, highlighting its excellent condition despite its age.
- 📈 The creators emphasize their successful business model, flipping golf carts for a significant profit and planning future flips.
Q & A
What happened to the first golf cart mentioned in the script?
-The first golf cart broke during the test drive, but the situation ended up working out despite the initial issue.
Where did the seller source the golf carts, and how did that impact the price?
-The seller sourced the golf carts from Venezuela, shipping them overseas in crates. This allowed him to get the carts at a lower cost, around $900 for the frames, which he then rebuilt.
How much profit did the team make on their last six-seater cart?
-They made $2,400 on their last six-seater golf cart, which was their fastest flip.
Why were they unsure about the six-seater cart at first?
-They hadn't sold a six-seater cart before, so they were unsure about the potential demand and profit margins.
What were the condition and price expectations for the cart they bought for $2,950?
-The cart was in good condition, although it had imperfections like spray-painted areas. They expected to sell it for around $3,500 to $3,800.
How many carts had they flipped in the past month, and what was their total profit?
-They had flipped 12 carts in the past month, earning around $3,600.
What was unique about the white six-seater cart they were delivering in the video?
-The white six-seater cart had a newly refurbished look with new seats and a clean dashboard, making it highly appealing to buyers.
How much did the team expect to make on the cart they purchased for $4,900?
-They expected to sell the cart for around $6,500 to $7,000, aiming for a profit of at least $1,500 to $2,000.
Why did the team feel they got a great deal on the 1999 cart?
-Although the cart was from 1999, it had been refurbished in 2020, making it look brand new with updated features like speakers. They felt they could sell it for much more despite its age.
What was the team's final earnings from the last cart mentioned in the video?
-The team earned $6,600 from the final cart sale, contributing to what they considered one of their most profitable trips.
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