Some website says that you can flip at most 5 cars per year in CA, some say 2. But I can’t find reputed source.
5
Source : me
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How many cars are you allowed to flip within one year, or how many cars are you allowed to sell within one year?
There is a difference. 
@anon65069371 is right…it’s 5
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I have rarely done this so no idea, but does selling your leased car to a third party count as flip? If yes, Why is there a cap on that, one can change as many cars as he likes?
I’m pretty sure that this means arms-length transactions and not when you sell a car to a dealership or any of the online purchasers.
Exclusions:
Persons not engaged in the purchase or sale of vehicles as a business, who dispose of any vehicle acquired and used in good faith, for their own personal use, or for use in their business, and not for the purpose of avoiding the provisions of this code.
Scroll down to see exemptions.
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