I’ve always wanted a Lamborghini, but I’ve also always taken the financially responsible route and invested instead. Now I’m at a similar point: invest or buy the Lamborghini. Let me know your thoughts! Add me on Snap/Insta: GPStephan
Learn my exact strategies to help grow your career as a real estate agent to a six-figure income, how to best build your network of clients, expand into luxury markets, and exactly what you can do to begin taking your career to the next level…these strategies took me to $120,000,000 in sales volume: https://goo.gl/UFpi4c
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For those who don’t want to watch the entire video:
I’ve always loved Lamborghini, but I’ve prioritized investing and buying real estate before buying the car. This has worked amazingly well over the past 8+ years. However, I’ve set a goal to buy the Lamborghini this year…and now that I have the money to finally make the purchase, I’m wondering if this is the financially sound decision to make, given that interest rates are still low for real estate.
My concern is that this will be the last chance to buy real estate sub 5% interest rate. However, as interest rates rise, I’m unsure about how much higher real estate will be rising over the next 3 years. Due to increased inventory + rising interest rates, I think we’ll see some more moderate growth - and in some markets, maybe some flattening depending how much inventory comes up. Given that, it also seems like the opportunity cost of owning a Gallardo or SLS AMG for 2 years won’t be that big, and I’d be able to get back in after a year or so with minimal “loss.”
But with that, I’ll likely be paying a higher interest rate - which may impact what I could buy down the line, especially as Los Angeles Real Estate Prices are already barely cash flowing. But from a branding perspective, a Lamborghini could end up a great asset - plus I can own the car I’ve always wanted to have.
So this is the internal debate…if you didn’t want the video, you probably should because I go into way more detail about the housing index, real estate prices, and analyzing the car vs a house. It’s worth it, I promise 😉 Thanks for watching/reading!
For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
Learn my exact strategies to help grow your career as a real estate agent to a six-figure income, how to best build your network of clients, expand into luxury markets, and exactly what you can do to begin taking your career to the next level…these strategies took me to $120,000,000 in sales volume: https://goo.gl/UFpi4c
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
For those who don’t want to watch the entire video:
I’ve always loved Lamborghini, but I’ve prioritized investing and buying real estate before buying the car. This has worked amazingly well over the past 8+ years. However, I’ve set a goal to buy the Lamborghini this year…and now that I have the money to finally make the purchase, I’m wondering if this is the financially sound decision to make, given that interest rates are still low for real estate.
My concern is that this will be the last chance to buy real estate sub 5% interest rate. However, as interest rates rise, I’m unsure about how much higher real estate will be rising over the next 3 years. Due to increased inventory + rising interest rates, I think we’ll see some more moderate growth - and in some markets, maybe some flattening depending how much inventory comes up. Given that, it also seems like the opportunity cost of owning a Gallardo or SLS AMG for 2 years won’t be that big, and I’d be able to get back in after a year or so with minimal “loss.”
But with that, I’ll likely be paying a higher interest rate - which may impact what I could buy down the line, especially as Los Angeles Real Estate Prices are already barely cash flowing. But from a branding perspective, a Lamborghini could end up a great asset - plus I can own the car I’ve always wanted to have.
So this is the internal debate…if you didn’t want the video, you probably should because I go into way more detail about the housing index, real estate prices, and analyzing the car vs a house. It’s worth it, I promise 😉 Thanks for watching/reading!
For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
Lol that ford gt wasnt a bad idea
Do what your brains say not your heart you will know why in the future when you make an investment in that house.And then the money you made out of that house go ahead and buy you 2 lamborghini.
Till this day do you still think about buying a lambo?
When in doubt. Put the house inside the Lamborghini, put the Lamborghini in the rolex.
~quote of genius
Invest it make money don’t spend it on a car that goes down in value or buy a car that is appreciating in value
I'd lease different cars tell you find one you like then buy. It's good for the image of luxury homes.
only two things make sense…LEASE IT – make it a write off and at least get SOME practicality out of it or better yet DONT – you are afterall handing out financial advice so why look stupid…. follow your own advice – INVEST IT
Lease it, get a different lease every 2 years, that’s probs the best thing to do
Lambo
If you buy a new house you can sell your current house 😁 from the money of your current house you can buy a Lamborghini
I say you get the lambo brotha, you got the ticket!!
I think either way your gonna come out on top. But… (my opinion) your lotus looks sooo classy. P.s. which one will cash flow better?
3.7% for 30 year mortgage currently!
Now that Ricky Gutierrez has one I REALLY want you to get yours!!!! Even just to flip it a year down the line for a profit or no hit, but enjoy it! —WIN WIN! You’ve earned it.
Wouldnt you lose money paying tax on the lambo if you sell it for what you bought it for?
Where did you live before the duplex? I'm curious about your housing expenses before you started house hacking. Video?
Keep the exige, it is your thing. Too many other personalities have Gallardos.
good job
66 mustang is always the correct answer, get one AND buy a house
Doesn't buy Lambo > Dies.
Buys Lambo > Lives.
Life be like that sometimes….
Get the Lamborghini so you can move on and don’t have to go through this the next time this opportunity comes up.
f it invest tell you can get a yacht
Can you make money from the Lamborghini in some ways?? YouTube videos about it?
I don’t think the Lamborghini is the answer bud, if I were you I would keep test driving these super cars and keep thinking about weighing your feelings against your thoughts. Not to mention maybe waiting until the next recession for either a car or real estate to be sold pennies on the dollar.
Since this videos is a year, you tell me what you did? May I give a third option, buy a time machine so you can do both. lol
Since this videos is a year, you tell me what you did? May I give a third option, buy a time machine so you can do both. lol