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Re: What Car You Driving???
 

Why buy a cool car when you can buy a house and rent it out?

Re: What Car You Driving???
 

You know that's not a Gallardo, right?

Re: What Car You Driving???
 

Why not do both?

Re: What Car You Driving???
 

that was from an English movie called Genevieve. Involved a car race from London to Brighton in the UK.

An olde English car for Geegee83


http://en.wikipedia.org/wiki/Genevieve_(film)

:cheer:

Re: What Car You Driving???
 

I have actually seen that movie and the car hah good one GB - 50s classic.

Re: What Car You Driving???
 

The colour is Gallardo though

:brushteeth:

Re: What Car You Driving???
 

insurance in the uk for a 20year old is 7-8k quid thats stupid,I have over 60k miles but shees never will pay that much

Re: What Car You Driving???
 

7-8k quid...insurance?!?

Re: What Car You Driving???
 

Young driver insurance in the UK is absolutely ridiculous! A downright scam really! I hear most kids even after searching and getting a cheap enough car with cheap insurance group are still on average paying £2k a year.... often the car is worth half that at tops.

I'm paying £500 on my Jag and I think that's expensive!

Re: What Car You Driving???
 

Is insurance in UK also related to what area you are registered in? I mean address-wise...rural vs suburbia?

Re: What Car You Driving???
 

Yes, based on crime rate etc, goes from the post code system that we use here.

Mine is £250 full comprehensive nowadays, but when I was 17 I once paid £1500 for insurance on a motorbike, nightmare!

Re: What Car You Driving???
 

UK and Australia base motor vehicle insurance on age and suburb location.

There are differences for urban and suburban rates.

In Australia, we even get a discount if the vehicle is garaged...

We also get no-claim bonus for safe driving.

Re: What Car You Driving???
 

Nah, I own several homes already, but I still rather buy more and rent them out building a snowball of income that can eventually builds on it's own.

When I reach 10 homes I think I'll let the 11th be a nice car... :)

Re: What Car You Driving???
 

Real estate is an excellent move bigboss - 10 already - wow!

Re: What Car You Driving???
 

RE is still very risky for the rookie. Many investment type still going down in value.

Owned several rental properties years back and the renters can also be a total pita even if you scour their entire lives, interview and background checks.

To make money in renting you have to have nerves of steel and an attorney on speed dial.

For me RE investment is best when you can flip the property and not deal with renters.

I have a renter in one of mine that has been there forever and I hope they stay forever because I do not want to go through the pain and cost to fix things most rental people do to a home.

House in my neighborhood sold for 699k back in 05, re sold in 2010 for 450s. Now back up for sale for 375k. Scary market still esp on high end properties.

Re: What Car You Driving???
 

Well I am closing on my first fourplex by the end of the year. My first real estate deal ever but I hope not my last. I hope it goes good.

Re: What Car You Driving???
 

That's a SURE FIRE Way to Build WEALTH,,,KUDOS,,,,I do not know where you live, but Im in N Y C, and a word of advice, I Own a 6 Unit APT Building, and I have to warn you, the regulations that govern 5 Unit and up buildings here, are HIDEOUS,,,stay FAR, FAR away from this type of real estate,,Stay UNDER 5 Units and try to stay with Commercial as opposed to residential real estate,,,Just my Opinion

Re: What Car You Driving???
 

Similar circumstances in Australia.

Commerical properties are better managed than residential.

Mentioned elsewhere I have Defence Department rental properties. Everything is covered under the lease.

Re: What Car You Driving???
 

I live in Vegas until the 10th then I am moving to Tulsa for better selling deals out there vs here.

What are your biggest issues with renters?

Re: What Car You Driving???
 

Pimped out Metro Geo with giant logos on the sides that say 'Stealth4LIFE'

Re: What Car You Driving???
 

Have you ever seen a house trashed by renters?

Here are some examples......

Renters removed doors to cupboards & had hens in them to keep them warm.
(that was in the kitchen)

Bath tub was full of coal to use for the open fire. No actual fireplace though.

AND........................................

Skirting boards were cut to allow the model train to run all over the tracks thro' out the house.

Two goats lived in the bathroom with the coal. ( Meant to keep them dry)

:juggle:

Re: What Car You Driving???
 

No bosslady never seen a house trashed by renters, gang members yes, renters no. Why would renters have goats inside the apartments. Guess they wanted some goats milk.