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  #67  
Old 10-02-2013
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Default Re: What Car You Driving???

Why buy a cool car when you can buy a house and rent it out?
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  #68  
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Default Re: What Car You Driving???

Quote:
Originally Posted by rsot View Post

Not at home to retrieve pics but was this colour - slightly lighter blue - Gallardo 2007 - got it for a wicked price. No yellow trimming though which is so boss-like!

...sigh I miss it now...
You know that's not a Gallardo, right?
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  #69  
Old 10-02-2013
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Default Re: What Car You Driving???

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Originally Posted by aspkin View Post
Why buy a cool car when you can buy a house and rent it out?
Why not do both?
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  #70  
Old 10-03-2013
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Default Re: What Car You Driving???

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Originally Posted by Sandy D View Post
Beverly Hillbillies old car.
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)

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  #71  
Old 10-03-2013
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Default Re: What Car You Driving???

I have actually seen that movie and the car hah good one GB - 50s classic.
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  #72  
Old 10-03-2013
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Default Re: What Car You Driving???

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Originally Posted by css1 View Post
You know that's not a Gallardo, right?
The colour is Gallardo though

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  #73  
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Default 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
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  #74  
Old 10-03-2013
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Default Re: What Car You Driving???

7-8k quid...insurance?!?
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  #75  
Old 10-03-2013
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Default 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!
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  #76  
Old 10-03-2013
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Default 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?
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  #77  
Old 10-03-2013
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Default Re: What Car You Driving???

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Originally Posted by rsot View Post
Is insurance in UK also related to what area you are registered in? I mean address-wise...rural vs suburbia?
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!
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  #78  
Old 10-04-2013
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Default Re: What Car You Driving???

Quote:
Originally Posted by rsot View Post
Is insurance in UK also related to what area you are registered in? I mean address-wise...rural vs suburbia?
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.
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  #79  
Old 10-04-2013
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Default Re: What Car You Driving???

Quote:
Originally Posted by Geegee83 View Post
Because money should never come before living life to the max
Quote:
Originally Posted by Futuremogul888 View Post
Why build wealth if you are not going to enjoy it. It depends where you are in life. If you have several houses rented out, time to buy that nice car.
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...

Last edited by aspkin; 10-04-2013 at 04:36 PM.
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  #80  
Old 10-04-2013
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Default Re: What Car You Driving???

Real estate is an excellent move bigboss - 10 already - wow!
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  #81  
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Default Re: What Car You Driving???

Quote:
Originally Posted by rsot View Post
Real estate is an excellent move bigboss - 10 already - wow!
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.
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  #82  
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Default 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.
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  #83  
Old 10-04-2013
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Default Re: What Car You Driving???

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Originally Posted by yotano211 View Post
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.
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
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  #84  
Old 10-04-2013
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Default 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.
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  #85  
Old 10-05-2013
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Default Re: What Car You Driving???

Quote:
Originally Posted by slapped View Post
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
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?
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  #86  
Old 10-05-2013
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Default Re: What Car You Driving???

Pimped out Metro Geo with giant logos on the sides that say 'Stealth4LIFE'
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  #87  
Old 10-05-2013
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Default Re: What Car You Driving???

Quote:
Originally Posted by yotano211 View Post
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?
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)


Last edited by GreenBean; 10-05-2013 at 03:25 AM.
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  #88  
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Default Re: What Car You Driving???

Quote:
Originally Posted by GreenBean™ View Post
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)

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.
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