Quote:
Originally Posted by WiredGuy
Why wouldn't a car like this depreciate as well? Don't the internal parts need replacing after a few years as well? I have to admit though, this does seem really cool!
WG
|
It's supply and demand. Mike Price tought me this trick. When you buy a car that requires a waiting list, you can usually flip it for the same as you paid for it to someone that doesn't want to wait, assuming you flip it within 6 months. The key is to always be on a waiting list so you are always coming off a waiting list. That way, you always drive something new and cool. It's really on the first year that you have to layout deposits that hurt your personal cash flow. After that, you are rolling deposits into new deals all the time.
Did that make sense?
__________________
Regards,
Rick Latona
http://latonas.com
Latona's - We Sell Money Making Web Properties
Note to buyers of websites and traffic: please check our inventory at
http://latonas.com/websites-for-sale. If you would like to make an offer on something, just let me know.