Goals, Business Plans & Entities
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago, 12/18/2019
Talk me out of this car cashflowing strategy
Disclaimer, this post is about a CAR, not real estate.
Talk me out of this: Used 2018 Tesla model 3. Was bought new at $61,000, 8000 miles, selling for only $47,000 (30% off).
What if: $10,000 down. $37,000 loan at 1.99% APR (special EV loan). Payments will be $590/mo, which means I could rent it on Turo SIX DAYS PER MONTH and be cashflowing already. Any rented days after that is positive cashflow.
On top of that, we get a fun, economical car that drives itself on the highway.
Talk me out of this, why would I NOT go through with this deal?
Or if you think it's fool-proof, tell me why!
Trying to do this deal this weekend, so respond quickly!
Love y'all.