Barn Find Flip School
Lesson summary: Work backward from a realistic resale price to your maximum buy price.
Goal
Teach members how to avoid paying restored-car money for project-car problems.
Asking Prices Are Not Comps
Many sellers base their price on the best restored example they saw online. A project car should be priced against other project cars, not finished show cars.
Real Comp Sources
- Sold auction results
- Completed eBay listings
- Model-specific forums
- Classified archives
- Collector-car market tools
- Recent local sales
The Four Value Buckets
- Parts car
- Project car
- Running project
- Driver-quality car
- Restored or sorted example
Backward Valuation Method
Start with the likely resale value. Subtract transport, parts, selling costs, a labor buffer, and desired profit. What remains is your maximum buy price.
Member Action
Fill out the profit calculator before making any serious offer.