A vehicle owner bought a party bus, Tesla, and Cadillac within two months and rents them out for cash flow. Their mother's paid-off RAV4 generates $1,100 monthly. With $5,000 down, a $400-$500 monthly payment still leaves roughly $500 in positive cash flow.
Are you doing deals like this? The one who's— how many vehicles have you just recently bought? Oh, what?
So I have the bus, the Tesla, Cadillac, M3.
Hold on, tell them the vehicle you just bought.
So in the past 2 months, um, we got a bus. It's still under construction. Party bus? Yeah, party bus. Nice. Got an M3 Cadillac, a Tesla. So those are my vehicles. And then I put up my mom's RAV4 and then she got a Range Rover. The RAV4 went out the day that he got the car. So, and it's a long-term renter, so it's going to be out forever. Should be cash flowing about $1,100 a month on the RAV4. Wow. But if you were to like, cause she paid it off, she doesn't have any payments on it. But if she were to like get low payment on it, probably be like, you probably put like $5,000 down and your monthly payment would be like $400 or $500. So you'll cash flow like $500. Keep going.
Are you doing it on Turo or is it separate?
So I'm working with an operator that charges a management fee and he rents them out on Turo and he does it privately as well. I think that's about it.
