All Forum Posts by: Lam N.

I think it's a mistake to sell just because the sales market is hot. If you sell for top dollar, you'll be forced to buy at top dollar. Don't get stuck playing that game because there's a high risk of making a mistake.

If your investment is performing well, keep it. If your returns are not doing well, consider selling and buying something that provides a better return. But don't sell just because sales prices are high. That's an emotional decision.

It was Adam and Eve, not Adam and E-vehicle.

Why not get a hybrid F!50 that has a generator to power tools, doesn't come off as ostentatious and gives the right balance of respect and practicality. 

 Yes, Lam, if you're going to self-manage in C-class, THAT'S THE DEAL.

GET IN, look poor, wear rags, drive rust buckets around, GET OUT. Isn't it amazing how these properties are always for sale so cheap, and stock just rotates and rotates? The closer to D-class neighborhoods and properties you get, the worse it is. Glad you were listening. I know it's not quite what the gurus will tell you in the seminars.

@Lam N.,

Your underlying question is simple-- do you want your tenants to know you loaded and have tons of extra money?

If your answer is yes, sure.. have fun!     Sounds like a nice car, it's been fun reading the posts about all the fancy cars other BP members have! If you look at the responses, majority of people who say yes, also have a fancy car and do it.. there isn't a right/wrong answer, but all actions have reactions. 

That being said, if I saw my landlord had a fancy car, I'd be much more likely to have an "accident" and say break my ankle, or something like that if I saw, first hand they had money and assets.      Whoops-- time for me to talk to a lawyer, who will happily look you up and quickly see you're worth suing... I mean,  I would feel bad going after someone in a beater, heck they might not be able worth the effort.. I personally wouldn't blink an eye going after an obviously super rich landlord, after all-- they obviously have plenty of $$$$.     Just food for thought!

@Jim K.'st post was the best IMO about the people, and how people think.. re-read it, and let it sink in.   I think if a tenant is a A/B, heck they'd also resent it because they're spending even more $$$$ on rent.  Think it's going to  motivate them?-- 100% no.  Envy--- 100% yes.      

Another idea-- what do you GAIN from tenants seeing your fancy car?   

 Yeah!

@Lam N.

Production has not even started yet 😂🤷‍♂️🤦‍♂️

You're looking at this backwards.  If I'm the tenant, I'd be more concerned about my landlord driving up in a van ready to fall apart, than an expensive car.  Perceived or not.

I think your concern is warranted. When I drove a Porsche I never took that vehicle to one of our rentals. I'll have to look into the Cybertruck I thought they would be way more expensive!