So this is how i'm going to make 30 000 profit reselling that car right there. That is my 2020 ferrari f8, with 4 000 miles. I bought it for 379 000 in california just a couple months ago and now, based off of current market conditions, the spec that i have this one's going for 410 to 420 000. What's going on guys, it's ricky with tech, but solutions - and i actually wanted to make this video, because i posted a picture on instagram that i'm actually going to be selling my ferrari, that i'm posting it for sale.

And someone commented, you know the msrp on this car is 323 000. They posted like when someone asked me how much i'm asking for the car i put 420 000. It might seem absurd to someone right. It's a lot of money.

Trust me. I agree. Someone asked: how are you going to sell a car for a hundred thousand dollars more than what it was worth cars depreciate when you drive them off the lot? I agree tradition again. This doesn't have to make sense to everyone.

It doesn't have to right. I would like you to look this up: a 2020 ferrari, f8 tributa right, not a spider, just an f8 and even look go for a stock one. This is not stock. This does about 850 horsepower to the wheel, but even a stock one.

You will not find one for less than 380 000, the spec that i have the miles the condition it's a little bit more desirable. That's where i get to the 410.. Taking that into consideration it's, i don't even want to use my car as an example mercedes. Just recently announced that they're g wagons not an essential vehicle, not an entry-level vehicle they're g-wagons vehicles, suvs that are 180 000, plus they're completely sold out until 2025..

Now this doesn't mean that you or myself can't buy a g-wagon. It just means that we're gon na have to buy one from someone that already has an allocation, meaning that we're going to be having to pay above market value and that's kind of where we're at even with that car that you guys see in the back. I made a video about it. It's my 2022 tesla model x, plat right now, if you want to make a reservation for one they're, not cheap cars, right they're, not cheap, suvs, 140, 000 plus you're thinking.

Okay, if i want to spend 140 000 they're gon na, take my money yeah eventually but they're in such high demand and there's such low quantity and supply right that you won't actually get yours until the end of 2022 really or the start of 2023. So if someone wants to buy my tesla they're going to have to pay me 20 30, 40, 000 above market value, it's not that you can't buy one! It's that you're going to have to pay more for it and you might be like that is so stupid. Why would you spend and waste all of your money right? It's the comments. I always get what? If something goes wrong with the car, you can pay 200 for a ppi inspection.

If that is uh again your biggest concern right, it's hundreds of thousands of dollars that you're buying this car. For so why not invest 200 right? And i don't expect everyone to understand um cars right, i mean it's not just super cars. It's even cars like this. This is the world that we live in right now.

I bought this toyota tacoma, which i absolutely love. 2004. I bought it for 6, 500 from a friend. I look at it.

Look it up. It is now with i've gotten offers at 9. 000. 9.

500. I'm not in the market to sell that one, but it's crazy to think that i can nearly double my money off of a normal car because of the chip shortage. But on top of that demand levels are just so high right now, and this isn't just for vehicles as well right. I wanted to explain to you that you know i feel like people, especially because of my following think that, oh you know i can make money off of this car because of the people i can connect with and the network right.

I can make videos about it, which is entertaining right. You got to take pictures with it and i got to enjoy it, which is their positive takeaways, but at the end of the day, when people ask me hey ricky what car you buy next, you guys know my focus on this youtube channel is always to empower You that just because you have money doesn't mean that you have to spend it. I never thought that i was going to buy a ferrari tributa or f8. I actually didn't even know they existed.

All i focus on are good deals and when i saw what i could buy this for and then what i could sell it for that's what triggered me to buy it and actually just bought another car uh that gets delivered on monday. If i'm not mistaken, so you guys can comment down below what it is and i bought it for a fair price and i could probably sell it for about 10 more than what i paid for and that's kind of the whole purpose of this video. Where you know, i tried to aim for 10 cash on cash return, not just with my investments on houses right. I have about 11 active house slips going on with my business partner, nick paladino, but also with cars.

Right people always ask well ricky. What do you try to look for 10 cash on cash return, meaning that if i invest about 300 000 400 000, i would like to aim for a 10 cash on cash return. Of course, that's a goal doesn't always go according to plan. I don't make money on all of my cars.

I've lost money on some of them, the porsche gt3 rs. I like talking about this as well my porsche gt3 rs. I bought it for a pretty fair price. Um based off of current market value, they're.

All going now for over two hundred thousand dollars, but before the chip shortage, i actually sold it at the worst time ever about one month before this chip shortage was actually announced. So i actually sold mine for 165 000. Now you can't find a gt3 rs for less than 200 000 and again it's like you live and you learn and, and you have to adapt to these market conditions. But i think that's what i'm here to empower you to do.

It's not that because i lost or because i win that like i want to avoid risk, i think our jobs as entrepreneurs and investors is to tolerate it or you can simply complain just like everyone else. You're, just wasting your money off of a depreciating asset right is what everyone likes to say. I can almost promise you right. I will.

I will make close to 200 000 profit off of buying and selling the different cars that i have not just with this one, but i recently sold my 2018 audi r8. I bought it for 115 000 sold it for 130 000. I sold it to a dealership. It's crazy, the world that we live in today and that's why i like making these videos, because i like to empower you.

I don't care if you don't like cars right, i don't like shoes, but it doesn't mean that you can't make money buying and reselling shoes. I would never buy a 10 000 shoe. Why? Because i don't value it enough, someone would never buy a 400 000 ferrari right. It's not that it's not worth 400 000.

It's just. They simply don't value it and respectfully right. My job here is to empower you to understand right. You can make money buying and selling shoes.

You can make money buying and selling cars. You can make money buying and selling watches right. You can make money buying and selling png files now called nfts. It's insane.

The world that we live in today, everyone does not have to understand what it is that you do as long as you obsess about it and as long as you understand it more than the average person, then again, this is where you get to kind of have Your edge based off of the normal individual and again it's not avoiding risk. You don't get to this position by avoiding risk. You learn how to tolerate. You learn how to understand it.

And, yes, you will have your losses. It's part of the process, but as long as you continue to understand the market and want to adapt and get better, then again, this is where you can continue to grow as an entrepreneur as an investor. So i really do appreciate you guys time. I hope that i earned your thumbs up if you guys have any questions whatsoever comment down below or even message me on instagram.

I respond to all of my direct messages, and that is going to be that first link in the description. I appreciate you guys time, like always, let's make sure that we in the year on a green now take a tasty team.