Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Tempted to purchase a liability....need motivation, HELP!!!!
So I am finishing up my tour here in Egypt, and close on our 3rd house on June 27th. One rental is paid off with a cash flow of 850, the second is rented with a cash flow of 200, and this third house we plan on living in for a year.
I have no debt other than real estate debt, and they are cash flowing. My salary at work is right at $85k (take home)...When I get home next week I will need a truck. I was thinking of just getting a nice little Ford Ranger extended cab that will get me to and from point a to b. No more than 6-8k.
OR
Get something nice like a big Chevrolet Silverado 1500, which will require truck payments (20k)....So far I been doing well by keeping my liabilities low, and my assets high. What are your thoughts on purchasing a vehicle?
Chance