A vehicle investor rents cars on Turo to generate cash flow. Their mother's RAV4 is projected to earn $1,100 per month, while a $400-$500 monthly payment on a vehicle can still net about $500 after expenses. They manage multiple vehicles including a party bus and Tesla with a paid operator.
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, would 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 a month.
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.
