Hey, what's going on guys, it's ricky with tech, but solutions and in this video i'm gon na be breaking down. How i make money owning a lamborghini with that being said, i really hope that you guys enjoy make sure you guys smash that, like button and of course, consider subscribing what's going on guys, it's ricky, so i'm gon na roll up the window. So we can quickly chat, so i'm gon na be talking about three different ways on how i make money um or how you can really make money owning any any car right. This is for really car enthusiasts for those that don't care about cars, then i don't know why you even clicked on this video.

So one of the first things that i want to talk about is i've been a car enthusiast. Almost my entire life, i i fell in love with the fast and first movies is what got me started into wanting to learn more about the stock market? That's what sparked my interest as uh materialistic as it might sound. I mean that's where my interest was so, be it right. That's what motivated me now.

I am where i am today um. That being said, how is it that i make money buying and selling um, or just i guess, owning this car uh? The first simple way is buying and reselling right. You guys i've i've always from the beginning of when i started my youtube channel uh. I love seeing people do well, but i hate when people just spend their money, uh or waste their money blindly, and i feel like because i have so many young viewers.

My job was kind of to empower you guys that, as you begin to do well, you don't need to just throw your money away and you guys might be like well what what are you talking about? I mean you're in a lamborghini right. It's a depreciating asset. You can view it that way. 100.

Traditionally i agree with you in the in the world that we live in today. I i want. I mean i've done this with every single car that i've owned uh leading up to this right. Do i make money off of every single car? No, of course i lose money uh, because not every flip goes according to plan, but the way that i do this is, i don't ever know what car i'm gon na get.

Next, i might have a card that i'm looking for, but my focus. Every single time is a good deal that plain and simple this car was presented to me. I knew what the fair market value is. It's a 2020 huracan lamborghini, huracan evo, twin turbo.

It has about a thousand horsepower, i'm sure if you guys um rewind it to the very beginning of the video you guys can hear the turbos it's a beautiful car. It has amazing performance. I normally don't care for the modifications, but i know it's worth something to the right: buyer um, i would say based off of current market value. Look it up.

2020 hurricane evo. This thing has 5 000 miles and then just slap on that twin turbo kit, a stock evo, sells for about 320 to 330 thousand dollars. Right now i like to play things pretty conservatively. I think that this is a fair value of 335, so about five to ten thousand dollars more than a stocked evo right.

It's a twin turbo kit costs about 30 to fifty thousand dollars, but not everyone's gon na pay top dollar for it. So i understand that that being said, i bought the car for three hundred thousand dollars flat, so i can potentially make anywhere from thirty to thirty five thousand dollars that simple right, that's how i make money buying and selling. How can you make more money on top of it, doesn't matter about this specific card, but let's say realistically your your goal is to. I want to buy a tesla, but i might i don't know if i could have potentially afford it right.

First off one of the applications that i first began to use, because i wanted to make money in everything that i owned and i didn't want to lose money in any form of way. The thing that i began to do is i began to tour my car. You guys can look it up i'll, put the link down below you. Guys, don't have to use my link.

If you don't want to, i really don't care. It's called turo t-u-r-o, it's pretty much an airbnb, but for your car i would when i was 21 years old, i used to make videos on this uh. When i had my nissan gtr, i own all my cars outright. But if you choose to finance your car and you have a monthly payment - and you know you want to make up that monthly payment, you could rent out your car.

If you have your current car right now, but you're like damn. My goal is to own a gtr one day, it's to own uh, a lamborghini one day, it's to own a tesla one day. I don't. I don't know what your goals or aspirations are you don't in the world that we live in today? You don't have to do it yourself.

You can literally jump on this application on turo and even for your tesla rent it out for about 100 to 150 a day you rent it out 10 times screw. It say that you rent it out five times five times out of the month, think about that the car will literally pay for itself. I used to do this with my nissan gtr. When i was 21 years old, i was just getting started.

I would rent it out at 350 a day. Oh that's expensive. Why would anyone pay that? I don't need every everyone to pay for it? I just need one two, three people to pay for it and it made me feel good because it covered my insurance. That was about 700 a month back then now my following is a little bit larger.

I don't need the money, so i don't necessarily need to rent it out on turo uh, but it's a great business model and i need you guys to be aware of it because i know so many of you guys are so motivated but are maybe struggling on. How to make money in a creative way, and i and i want you guys to know that. Not only can you make money like myself, buying and reselling these cars when you get them for a good deal and then be able to sell them for a profit, but on top of that, you can make money on in the meanwhile right and people make an Absolute killing people have turo fleets, meaning that they buy a bunch of cars. I have people with 10 to 20 different cars, cars that you wouldn't even think of right and their entire business model is renting out through tarot and it's insane they make well over six figures a year and again it's the more you know right and just so You guys know some of the details about this car, so i bought it for 300 000.

I live in the state of arizona in arizona when you buy a car private party. There is no sales tax, so i want to be completely transparent with you guys, um insurance for this car right now is 218 a month for my ferrari, f8. I paid 289 dollars a month, something like that. So my insurance is relatively pretty cheap when it comes down to registration in the state of arizona, there's pro-rated registration, meaning that i pay about three to four thousand dollars to register this car.

I agree it's pricey, but if i sell this car in one or two months i get a pro-rated refund back when i request my pro-rated refund uh for my registration. I know california is not like that. I used to live in california, so that kind of sucks, and on top of that you have to pay sales tax. I understand that it's difficult and some it's more difficult in some states and it's even better in the states of you know like oregon oregon.

You don't pay any sales tax, even through a dealership or private party, and again i don't need to buy every lamborghini on the road. But the beautiful thing about this is that when an opportunity does present itself when i get sent an opportunity either through instagram or i come across a a fresh listing of hey, you know this car is posted 20 000 below msrp. There's there's margin to be made. That is my time to strike right.

My job is not to predict the future. My job is to prepare for it and that's always what i've done from the very beginning, and if i can share anything with you, guys is, if you always want to just do a little bit better than the average person learn on how to make money. In most areas where people lose money, credit cards, cars, even even in real estate, right people lose their butt when it comes down to renting. If you can learn how to slowly but surely get ahead by making money in areas where most people lose money, it's fair to say that you'll you'll always be ahead of the curve, and i think that's what's super exciting, so you don't have to be crazy.

Smart! You don't have to be super well off, even when you're just getting started, so i hope that you guys enjoyed today's video, it's kind of more. Like a conversation, i actually really enjoyed filming this. I got uh my nice little energy drink to start the day. I'm gon na go check out one of the properties that we're actually flipping today.

So if you guys have any questions that you guys want to ask me, uh feel free to comment down below. I know if you guys just saw that, but that guy was driving really fast um, but yeah comment down below feel free to message me on instagram. That's all linked down in the description. I respond to all of my direct messages, so i would love to work with you guys on a closer basis.

You guys can even join my free trading discord group and that's that second link down below. I appreciate you guys time. Like always, i hope that i earned your thumbs up. Please consider subscribing like always.

Let's make sure that we end the year on agree now. Take it easy team.