its easy to do.
get a UF GTR. Make front tyre press as low as you can, fuel on 10%, max braking force available to 95% front bias, locked diff and R2 slicks.
Rear susp set up:
move all sliders to the far left, move anti roll to far right.
Front susp set up:
move ride hight reduction to far left, all others to far right.
Technique:
There are a few ways to get the rear off the ground. For a standing start wheelie, bounce off the rev limiter in neutral, then slam into rev.
Or
Drive fast going forwards, about top of 3rd gear, then simultaniously slam on brakes and throw her into rev gear.........presto
Enjoy.
P.S. This technique should work for other cars but i haven't tried it yet.