Getting started in a new field of investment can be scary and overwhelming.
However, if you prepare yourself and know what you're doing, there's no reason to be nervous.
Since I've been successfully dealing with cars for years, friends often ask me, "How do I invest money into cars?".
Following is a brief beginner's guide.
There are two main ways I make money by investing in cars.
The easiest way with the quickest turn around is to buy cars at auctions.
These cars have been repossessed by banks.
The banks start the bidding very low as they are just trying to make something back for their investment.
Before going to any auction you should know exactly what you want to spend.
Then bid on a car only to that amount.
Once it's yours, you can turn around and sell it for it's full value very quickly.
The other option for those who want to be more involved and who know more about cars is to buy distressed cars at a very reduced price.
You can then have them fixed up, add a bit of spit and polish and re-sell them in their improved states.
This is a longer process but often feels like more of an accomplishment because you'll be more involved in the fixing up of the car.
No matter which way you choose to invest money into cars be sure that you're buying the cars for no more than half of their retail value.
This will insure maximum returns on your investment and minimal risk.