> this potential partner knows all that stuff. if you absolutely must do it, dont do it as a partnership. do it as you being the boss and him your employee or advisor.  if you asked me, id say give him a certain percentage of every car sold. but you be the one who makes every decision, youre the one with the money after all.  > i wouldn't buy a car from an auction, the type of people that have their cars end up in auctions are the type that do zero maintenance and drive like a bat out of hell. yes youre right. the one guy who i knew that was really successful with selling cars would fly out from minessota to socal. he had this system where he would only buy the cars from elderly white people. so these were 10 year old cars that had little mileage and were kept in a garage because 1) the old people didnt drive much and 2) they took care of them because they didnt have kids and were partying it up every weekend.  it was a little niche, arbitrage strategy that he developed because he would only buy american cars like lincoln, cadillac and buick. these are not at all popular here in california where all the asians and mexicans prefer imports like toyota, honda and nissan. so he would get these cars in good condition and for a good price and then have people drive them to minnesota where he would sell them for a nice profit. there the cars would sell like hot cakes because they were in good condition, low mileage, popular and not worn out from all the salt.  he would clear 3-4 thousand on each car easily. this was like 10 years ago though. idk if it would work now.
United States