Diy Receiver Hitch Bike Rack . I paid $70 for this at a local farm supply store, but they are easy to find online too. In this video we show how to build your own folding, hitch mounted bike rack to carry up to two bikes. How to Build Receiver Hitch Bike Rack DIY METAL FABRICATION from www.diymetalfabrication.com Very commodious to fold down and store in trunk or back of suv when not in habit. Hitch image shown is for display purposes only and may not reflect the actual hitch for this vehicle. Here is how to make a bike trailer hitch: