Hey, what's going on team, so other than watching bitcoin fall below 35 000 uh dollars a coin. One of my second favorite hobbies to do is buying and selling cars um a lot of you guys if you guys are familiar with my channel. One of the things that i love to encourage people to do is to inform themselves on what vehicles are worth. So you never overpay.

This is something that i've done from the very beginning of being 18 years old and buying and selling. You know your everyday drivers of a ford focus, honda genesis, you know a ford mustang and everything now with the same concept and the same principles being extremely selective. Being able to do this with supercars. You guys have seen me do this with mclarens r8s.

You know ferrari 488s, lamborghini huracan sports, gt3 rs's, and does it always go according to plan? Of course not porsche. T3Irs is a perfect example. I lost a couple thousand dollars on that one, but i want to talk about this 48, how i found it. What i did with it and how i was able to actually turn it around for a profit.

So i hope that within this video you learned something new. If you did, please drop a thumbs up and comment down below any questions and to the best of my ability, i will answer it. Also i'm having a car, that's being delivered early next week. I bet you cannot guess what that car is going to be and, of course, it's a car that i'm buying with the intent to resell a very popular car right now, that's in huge high demand as of right now so yes and comment down below, but let's Go ahead and get started.

I originally found the four date right to kind of answer that question. This is the ferrari 48 gtb uh. This one was a very popular car at the time it wasn't a car that i was specifically looking for. This is one thing that you guys should all know.

I never look for a specific spec or specific type of car. I might have interest in the car, but if it's not a good deal, i'm not gon na buy it uh. There was actually someone. It was a mutual friend on social media that i saw posted this and it wasn't his car.

His name is sv zane. Some of you guys might follow him he's big on the car community and he posted this ferrari 48 for sale. I think they're asking like 228 thousand dollars uh. He was just arranging the whole thing.

Uh, i told them i'll pay cash for it. I'll fly in the next day to california. I was in costa mesa and i'll hand them a check for 200. 000.

Obviously, there's a big uh gap from 228 to 200 000. At the end of the day, no one has to accept your offer. No one had had to accept my offer. My job is to do my part uh in putting myself in a position to succeed or to at least minimize loss and that's exactly what i was trying to do.

Uh, a lot of people don't like low balling, but at the end of the day my job is not to buy overpriced cars. It's to buy cars that make sense in which i can enjoy put some miles into and maybe turn it around for a profit. And that's exactly what i did so i bought that card. They accepted my offer for 200 000 cash.

I enjoyed it for eight months. I bought it if i'm not mistaken september 28th and i sold it on april 4th. I turned it around for a 214 000 um sale price. I almost said profit 14 000 in that profit insurance was actually very cheap.

On this car. I have an amazing insurance policy which offers a multi-card discount. I paid a little bit under 200 a month, believe it or not. This was something that was very similar.

I've done and shown insurance statements, uh from my uh mclaren that i had and also my lamborghini and those are all around the 200 a month. Um premium is what i would pay. I have a pretty high deductible, it's like 2000 or 2500. uh, but without you know, you know getting back into it.

The really cool thing about this car is that you know i bought it with 4 000 miles. I sold it with 8 100 miles. I enjoyed it for eight months and i was still able to turn around for a profit. One thing that you guys should know is that ask any supercar owner right now: supercars are going for about 10 to 15 000 above normal sale price on what they were last year, and this is something that a lot of people don't understand.

So when asking the question, why did i sell the car because it felt like it made sense right? I enjoyed the car. A lot of you guys know that, although i really like supercars, i'm never emotionally attached to any of them, i never put money into them. I didn't service this car. There was no maintenance.

There was nothing that i did to the car. I kept it oem, which is very desirable for ferraris, and the really great thing about this. It literally as soon as i inquired about posting it for sale it sold within four days. So could i have maybe made a little bit more money, of course, but i wanted to do my part in simply locking in profits and setting my future self up for success and buying the next one.

And it was really that simple and it's the same concept when it comes down to you know: i've done this with the gtrs. I've done this with r8, and these are all cars under a hundred thousand dollars and trust me. I get that that's a super expensive car, but even cars in the 20 to 30 thousand dollar range ford, mustangs camaros, all these very desirable cars that we all love and want to enjoy, but we always refer to. I don't know if i could afford it.

If you do it in an effective way and that's the whole point of this video, it's all about levels, but it's the same concept. You can utilize that same concept of buying selling a honda, civic that you can when it comes down to a ferrari right. Obviously, you need to be more selective. You need to be more aware and more informed when you get into the higher prices.

Just different things affect the different prices of those specific cars, but there is no question that i have three main focuses. My first focus is, i, don't ever have a specific car that i'm looking for. My main focus is always just getting it for a good deal. I want to make sure that it's a car that i enjoy, because i am putting a lot of money into it, and the last thing is, it needs to make sense either opportunity cost is as an investment, it needs to make sense or smiles per gallon right.

I need to make sure that i enjoy it, and i don't you know, and one of the things that you guys need to know is that i've obviously purchased cars and i didn't sell it for a profit, because i either put way too many miles into it. Um and or i did certain things to the car that you know just brought down the value, and that's always something that you need to take into consideration, just make sure that you always stay true to your original intent. If you buy a car with the intent to resell, then make sure you stick to it and that's exactly what we're doing with the next car i'm buying it i'm getting it delivered here the day that i get it delivered, i'm posting it right for sale, and This one, according to current market conditions, i can make about 20 to 30 000 profit, and one thing that for all my people watching the crazy thing about this, if you guys do the math, i invested 200 000 into this ferrari. I had it for eight months.

Do the math i made 14 000 profit off of it? Do the math? I do hard money. Loans mean that i lend out money right for houses as real estate. Traditional investing right and people are all for that, but i actually made just as much money as i would with a hard money loan than what i actually did with this ferrari, which is viewed as on the traditional side, a depreciating asset. But if you do it in an effective way and you do it in a way that actually makes sense, it's not that you have to buy every car, but it's buying the cars that make sense that you think that you can enjoy.

And you understand enough that you can actually turn them around for a profit. So i'm excited to continue to share my stories with you guys and simply empowering you to stay informed, be selective and, lastly, making sure that you do your part. Investing in markets that you see value and if the car market is ever a market that you personally have ever wanted to get into i'd, love to answer any questions you might have uh and let me just tell you it's not for everyone, of course right as Nothing is but what started as a hobby has now transitioned into a full-on business, and a lot of you guys know that i'm the investor for the carson and moore auto group here in arizona and they have a second location in arkansas as well. So it's crazy to think that we live in a world today where a simple hobby or passion can transition into something.

So much bigger. You know just by having a really big passion for it. So i hope that in your thumbs up comment down below what you think my next car is going to be and don't forget to subscribe. If you guys want to stay connected click that first link down in the description to join our free facebook group with over 312 000 members worldwide until next time, like always, let's make sure that we in the year on green now, take it easy team.

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