A property investor explains how he finances two Lamborghinis without spending his own money. His 42-unit apartment building generates £6,000 monthly in rental income, which covers the £3,000 loan on a £300,000 Aventador. He bought a property for £350,000, spent £800,000 improving it, and now values it at £1.2 to £3.5 million.
I always have a rule. If I'm going to buy another car, I want to pay the car with an asset. I don't want to buy the car with cash. I have a Lamborghini Aventador. It was a £300,000 car. I put a reasonable deposit on it and I got a loan from the bank. And let's say the loan is £3,000 a month. I've got one 42-unit apartment that makes £6,000 a month, so I can own two Lamborghinis for free. And I've got the asset that I bought for £350,000. We did £800,000 spend on it. It's now £1.2 million in, £3.5 million value now. I want to own liabilities with income from assets.
