The Ferrari was less expensive than the BMW - and I got a huge deal on both.
If I turned around and sold the Bimmer, I could expect a profit of at least 350k - after all the expenses.
So, while it looks like I spent a lot, I'm actually making money. Well, I'm actually increasing my net worth, or the net worth of my LLC to be even more specific.
It looks expensive (and it is) but it turns out that it's not hard to make money doing this. You just gotta pay attention to values, which fluctuate. So, you need to not only know what it's worth today - but what it's going to be worth in the future. That means also looking at historic data 'cause there are obvious trends.
Like, the pickup bubble has popped. I'm seeing stuff like a '78 Chevy step side go for 35k instead of the 80k it was going at just a year and a half ago. There's bound to be another correction and prices will stabilize somewhere between the two as people protect their investments made during the bubble.
Oh yeah, I forgot about that BMW, thats a stupendous car!
It's a beautiful example. I've seen others and I'm liking what I see in the pictures. I'm sure it's better in person.
That one's going straight to my collection. It won't be for sale - unless someone offers me stupid money. I bought a real Cobra too. I already own a real Cobra, but this was just a fantastic price. I'll happily sell that one, but it's going into my collection until someone offers me a whole bunch of cash.
Hell yeah that is going into the collection!
There cant be too many of those Cobra's built
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