Four crew members are unaccounted for after a large cargo ship overturned and caught fire near a major port in Georgia early Sunday, according to … §40-2-39.1 This was a huge milestone and accomplishment for GIADA and every licensed car dealer in Georgia has benefited as a result of this. Re: "Flipping" cars in Georgia Post by Gill » Tue Jul 04, 2017 11:58 am You include this on your tax return under the appropriate category, either business income or miscellaneous income. Not just think they can buy and sell X number of cars a year. Take a tour of Flipping Cars HQ. 4. I’ve done it twice now, and one time completely intentionally. Golden Ray, a 656-foot cargo ship reportedly carrying more than 4,000 vehicles, capsized off the coast of Georgia on Sunday at St. Simons Sound. Flipping cars could stop you from ever getting a dealer license. Read the details below! Dealer licensing laws were written to protect the consumers. I’ve done it twice now, and one time completely intentionally. Georgia House Bill 144, our anti-curbstoning bill, passed and went into law July 1st, 2007. Flipping cars can get a person in trouble. It can include federal and state tax fraud! You have a couple of options to consider when flipping cars for money. The keys to making a profit when flipping a classic car are knowing a car's value, accurately assessing the repair costs involved and understanding the market. The magic number may not be too magic. Why? Until further notice, we will not accept new clients. Sign up! 2. If you are a good mechanic with access to tools, you may want to consider operating in a niche market of cars. Capsized Ship Full of New Cars Finally Being Dismantled Off Georgia Coast. It can have heavy fines or jail time associated with it! I'm right there with you- flipping cars is for the birds. It’s a violation of your state laws 3. Based in Solihull, West Midlands, we are local to all the motorway networks and Birmingham International Airport & Train Station. As an example here is an FAQ on the State of Georgia… High stress, feel like a scumbag, have all your money tied up in one or two items, dealing with a-hole competitors who pretend like they'll buy the car, only to go to "the bank" and never return. Your future as a used car dealer/used car broker in Georgia starts now with the BEST in person training from experts in the industry. It’s said that when flipping cars for profit, the money is made on the purchase, not the sale, so buy low. Georgia Code Section O.C.G.A. Flipping cars is illegal! When flipping cars in the range of $1,500-$4,000, you’re going to be doing all the buying and selling on Craigslist. ... 656 feet long, had 4200 new cars on board and was headed from the … 5. One must investigate the laws in their state. all auction houses across the country have shut down because of the crowded nature of the auctions. Buy a Classic Car to Flip To make a profit when buying and selling a classic car, start by buying the car for the right price. Based in Solihull, West Midlands, we are local to all the motorway networks and Birmingham International Airport & Train Station. Simply because places like Autotrader.com, Cars.com, and eBay Motors charges people that want to list their car for sale.