Would this give me a good profit?
I am looking to go to an Auto Police Auction, and maybe buy a car cheap for say $500, say it’s an okay quality car, and i buy it for the $500 and sell it for say $1.200 on Craigslist, would this be a sufficient wa to make money?
Does anything change with the title when the car is seized? could i still get a profit if it had a reconstructed title, if I DID buy the car for $500?
Anything else I should know?
If you have no unique skills or experience than another person might have in this venture, it is doubtful you will make an easy profit. Many skilled automechanics would be in this business if it was easy. There are probably substantial risks associated… such as others having the ability to evaluate the vehicles before you and selecting the cream of the crop.