Ten Rules for Porsche Flippers

Never fix anything. A true flippopath will risk his newly acquired bounty and even his life to make a flip

by Jim Schrager

Last month, this column offered ten rules for Porsche collectors, people who are much better at buying than at selling, and who plan to keep their cars forever. Or at least until another one they “have to have” comes along and they run out of garage space.

This month, we have advice for those collectors who get married every Saturday night and divorced on Sunday; those of us who are looking for Miss Right Now, as opposed to Miss Right.

Not everyone can make it as a successful Porsche flipper. It takes a blend of emotional control, knowledge, and temperament to grab good deals and flip them back into the market for a profit. Here are ten tips on how to maximize your chances.

1) Timing is everything. The best time to buy is when there is a buying frenzy and prices are rising. This requires lots of up-to-the-minute knowledge on fast-moving markets...