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RE: Can you make Money Buying Exotic Cars?
The numbers I got were a 24.6% cap rate! LOL The shocks do bring it down near 20% though. Are you doing real estate just for fun? lol Seems crazy you can get a better cap rate on a car than real estate. Wow! How much of this deal was luck and how much was skill? I think buying a new sportscar is where you generally lose a lot of money or if you buy a used sports car that breaks down you can also lose a lot of money.
Maybe you should do car investing vlogs.
Haha, the problem is I have to sell the car to make that money. I am great at buying, but not so great at selling. I don't think I will ever sell the Diablo. A lot of that was luck, but I also thought those cars were undervalued.
You should have bought 2 to make it easier. lol Apparently your thoughts were dead on. I think when I get some extra cash I will buy a cheap black used truck and the cheapest black G6 convertible I can find.