27 Years Old: Should I buy a House or a Lamborghini?

I’ve always wanted a Lamborghini, but I’ve also always taken the financially responsible route and invested instead. Now I’m at a similar point: invest or buy the Lamborghini. Let me know your thoughts! Add me on Snap/Insta: GPStephan

Learn my exact strategies to help grow your career as a real estate agent to a six-figure income, how to best build your network of clients, expand into luxury markets, and exactly what you can do to begin taking your career to the next level…these strategies took me to $120,000,000 in sales volume: https://goo.gl/UFpi4c

Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/

For those who don’t want to watch the entire video:
I’ve always loved Lamborghini, but I’ve prioritized investing and buying real estate before buying the car. This has worked amazingly well over the past 8+ years. However, I’ve set a goal to buy the Lamborghini this year…and now that I have the money to finally make the purchase, I’m wondering if this is the financially sound decision to make, given that interest rates are still low for real estate.

My concern is that this will be the last chance to buy real estate sub 5% interest rate. However, as interest rates rise, I’m unsure about how much higher real estate will be rising over the next 3 years. Due to increased inventory + rising interest rates, I think we’ll see some more moderate growth – and in some markets, maybe some flattening depending how much inventory comes up. Given that, it also seems like the opportunity cost of owning a Gallardo or SLS AMG for 2 years won’t be that big, and I’d be able to get back in after a year or so with minimal “loss.”

But with that, I’ll likely be paying a higher interest rate – which may impact what I could buy down the line, especially as Los Angeles Real Estate Prices are already barely cash flowing. But from a branding perspective, a Lamborghini could end up a great asset – plus I can own the car I’ve always wanted to have.

So this is the internal debate…if you didn’t want the video, you probably should because I go into way more detail about the housing index, real estate prices, and analyzing the car vs a house. It’s worth it, I promise 😉 Thanks for watching/reading!

For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at [email protected]

Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq

Favorite Credit Cards:
Chase Sapphire Reserve – https://goo.gl/sT68EC
American Express Platinum – https://goo.gl/C9n4e3

Leave a Reply

Your email address will not be published. Required fields are marked *

Releated

The ULTIMATE Beginner’s Guide to Investing in Real Estate Step-By-Step

Here’s a Real Estate beginner tutorial where I can really cover the blueprints and outline the basics of what’s needed in order to prepare for, and actually invest in real estate. Enjoy! Snapchat/Instagram: GPStephan Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ The Real Estate Agent Academy: Learn how to start and grow your career […]

How to earn an EXTRA $100,000…By not going to College?

Lets talk about how you can earn an extra $100,000…by not going to college? Watch until the end for some out-takes and bloopers – enjoy! Add me on Snapchat/Instagram: GPStephan Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, […]