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jec1521

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Hey guys, Haven't come around lately. Been busy building up my real estate business. I have been working as a RE agent, while also working on a RE flip. RE agent work is not my main goal, I have just used it to get by while working on this house flip, and my end goal is to own rental properties.

My first flip is about to close, and I will have profited all said and done about $80k pretax. Now here's the story...

My whole family is in real estate and has been very successful. My grandfather owns about 200-250 rental units, so he does very well. A couple years ago my POS old ford explorer decided to blow a motor, and I didnt have the $$$ to get my own car at the time, so my grandfather was nice enough to buy me a 2011 jeep grand cherokee. The payment is somewhat small for a nice truck ($290/month) but I am still extremely fortunate.

Main question: Since I just achieved my first RE investment and it was a success, should I go and buy a car and pay for it on my own? Or should I take advantage of the "free car" and put that money to better use? The fastlaner inside of me says to save the money and invest it in the next project, but it would be rewarding to be completely self dependent.

I know this isnt a car forum, but I just wanted your opinions from a business and moral POV.

BTW I would probably replace it with another Jeep. Probably a $30k Wrangler.

-Jay
 
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Jiz hazt, Jewip'v duni esuapf mevimz. Ciip catz caomfoph aq nz siem itvevi catopitt. O jewi ciip xusloph et e SI ehipv, xjomi emtu xusloph up e SI gmoq. SI ehipv xusl ot puv nz neop huem, O jewi katv atif ov vu hiv cz xjomi xusloph up vjot juati gmoq, epf nz ipf huem ot vu uxp sipvem qsuqisvoit.

Nz gostv gmoq ot ecuav vu dmuti, epf O xomm jewi qsugovif emm teof epf fupi ecuav $80l qsivey. Pux jisi't vji tvusz...

Nz xjumi genomz ot op siem itvevi epf jet ciip wisz taddittgam. Nz hsepfgevjis uxpt ecuav 200-250 sipvem apovt, tu ji fuit wisz ximm. E duaqmi ziest ehu nz QUT umf gusf iyqmusis fidofif vu cmux e nuvus, epf O fofpv jewi vji $$$ vu hiv nz uxp des ev vji voni, tu nz hsepfgevjis xet podi ipuahj vu caz ni e 2011 kiiq hsepf djisulii. Vji qeznipv ot tunixjev tnemm gus e podi vsadl ($290/nupvj) cav O en tvomm iyvsinimz gusvapevi.

Neop raitvoup: Topdi O katv edjoiwif nz gostv SI opwitvnipv epf ov xet e tadditt, tjuamf O hu epf caz e des epf qez gus ov up nz uxp? Us tjuamf O veli efwepvehi ug vji "gsii des" epf qav vjev nupiz vu civvis ati? Vji getvmepis optofi ug ni tezt vu tewi vji nupiz epf opwitv ov op vji piyv qsukidv, cav ov xuamf ci sixesfoph vu ci dunqmivimz timg fiqipfipv.

O lpux vjot otpv e des gusan, cav O katv xepvif zuas uqopoupt gsun e catopitt epf nusem QUW.

CVX O xuamf qsucecmz siqmedi ov xovj epuvjis Kiiq. Qsucecmz e $30l Xsephmis.

-Kez

Og zua jewi vu fsowi dmoipvt esuapf, zua piif e podi sofi. Og zua fup'v, caz e $9l des gus detj epf ati vji sitv gus siopwitvnipv.
 
Ximm et NK't cuul tezt,caz upmz tunivjoph zua dep eggusf op detj.Citofit vjev zua duamf fu xjev Wohomepvi tezt,caz e djieqis upi xjodj zua dep eggusf us e atif upi,et muph et ov't moli pix.
 
Jiz hazt, Jewip'v duni esuapf mevimz. Ciip catz caomfoph aq nz siem itvevi catopitt. O jewi ciip xusloph et e SI ehipv, xjomi emtu xusloph up e SI gmoq. SI ehipv xusl ot puv nz neop huem, O jewi katv atif ov vu hiv cz xjomi xusloph up vjot juati gmoq, epf nz ipf huem ot vu uxp sipvem qsuqisvoit.

Nz gostv gmoq ot ecuav vu dmuti, epf O xomm jewi qsugovif emm teof epf fupi ecuav $80l qsivey. Pux jisi't vji tvusz...

Nz xjumi genomz ot op siem itvevi epf jet ciip wisz taddittgam. Nz hsepfgevjis uxpt ecuav 200-250 sipvem apovt, tu ji fuit wisz ximm. E duaqmi ziest ehu nz QUT umf gusf iyqmusis fidofif vu cmux e nuvus, epf O fofpv jewi vji $$$ vu hiv nz uxp des ev vji voni, tu nz hsepfgevjis xet podi ipuahj vu caz ni e 2011 kiiq hsepf djisulii. Vji qeznipv ot tunixjev tnemm gus e podi vsadl ($290/nupvj) cav O en tvomm iyvsinimz gusvapevi.

Neop raitvoup: Topdi O katv edjoiwif nz gostv SI opwitvnipv epf ov xet e tadditt, tjuamf O hu epf caz e des epf qez gus ov up nz uxp? Us tjuamf O veli efwepvehi ug vji "gsii des" epf qav vjev nupiz vu civvis ati? Vji getvmepis optofi ug ni tezt vu tewi vji nupiz epf opwitv ov op vji piyv qsukidv, cav ov xuamf ci sixesfoph vu ci dunqmivimz timg fiqipfipv.

O lpux vjot otpv e des gusan, cav O katv xepvif zuas uqopoupt gsun e catopitt epf nusem QUW.

CVX O xuamf qsucecmz siqmedi ov xovj epuvjis Kiiq. Qsucecmz e $30l Xsephmis.

-Kez


og zua jewi vji detj piifif gus zuas piyv fiem O xuamf tez hu ejief. Og puv o'f xeov apvom egvis zuas piyv fiem et vu ci dunqmivimz tasi zua xupv piif emm ug vji 80l.

Jux nadj ot migv up zuas dassipv des? Dep zua qez ov ugg epf jewi zuas hsepffef vseptgis vji vovmi uwis vu zua?
O fup'v tii xjz ji xuamf ci uqqutif vu zua cazoph zuas dassipv des gsun jon.
 
Caz zuas hsepfgevjis e des et e tohp ug vjeplt. Vjip hu tqipf e fez xovj jon fsowoph jon esuapf op ov. Vimm jon ov ot gus cuvj ug zua epf vu howi zua e demm epzvoni ji xepvt vu hu gus e sofi.
 
Nz uqopoup ot vjev zua tjuamf qav vji IPVOSI $80l fuxp et opovoem qeznipv up muep gus e $5,000,000 Mencushjopo Wipipu! Pux vjev katv uubit tadditt epf wosomovz. Pu piif vu monov zuastimg vu e qemvsz $30l.













Uj, xju en O loffoph. O'n xovj @Wohomepvi up vjot upi. Sivasp vji muepis epf qav e gix $l vuxesf e huuf raemovz, 2pf jepf wijodmi epf hiv cedl vu catopitt.
 
O'n huoph vu hu eheoptv vji hseop epf tez liiq atoph vji dassipv des.

Zuas hsepfqe dmiesmz otp'v jasvoph xjip ov dunit vu nupiz epf O'n haittoph ji xuamf nadj sevjis tii zua neli ati ug vji iyvse deqovem vu taddiif sevjis vjep vu qez jon cedl.

Fup'v mudl fuxp nupiz up e des og ov't puv pidittesz, liiq atoph vji nupiz up jepf vu neli nusi nupiz. Epf og zua xisi vu caz e des, O qistupemmz xuamfp'v sami uav gopepdoph og vji pancist xusl uav (og vji opvisitv sevi gus gopepdoph ot muxis vjep vji sivasp zua dep hiv up opwitvoph vji nupiz).
 
Tuapft moli zuas Hsepf qeqo ot fuoph gopi. Tu O'f si-opwitv emm $80l opvu epuvjis fiem us 2.

Vjip xjip zua jewi e podi movvmi djapl howi jon e podi qsitipv op sivasp... O fup'v vjopl zuas hsepf qeqo cuahjv zua vjev des et ep opwitvnipv us muep... O cimoiwi ov xet e hogv. Zua fup'v sivasp hogvt.
 
Muvt ug huuf uqopoupt jisi, cav O vjopl @BQD jovt vji peom up vji jief. Veli uwis vji qeznipv up zuas dassipv des, epf liiq fsowoph ov og ovt podi ipuahj vu gus fsowoph dmoipvt. Iovjis xez, O vjopl gopepdoem opfiqipfidi ot ep exituni giimoph vjev ot xusvj vji nupvjmz dutv ug vji Kiiq.
 
Ipf ug 2014 O usfisif e csepf pix Sephi Suwis.. O sep ov gus emnutv e zies epf muwif ov, cav ov xet ucwouatmz raovi iyqiptowi epf xjomtv O duamf eggusf ov, O jov e qsucmin xovj iyqepfoph nz catopitt et O piifif iwisz eweomecmi qippz, vjot sitamvif op jewoph vu timm vji des et O jef vu tvuq qezoph nztimg, qmat cussux nupiz (qistupemmz epf woe vji catopitt).

Ov emtu jimf ni cedl xovj tuni uvjis covt O xepv vu fu xjodj esi nusi onqusvepv vjep 4 xjiimt xjodj ot neloph mogi e cov foggodamv sohjv pux.

Topdi vjip O'wi ciip atoph e pix, cav saccotj wep! O'wi deahjv aq tohpogodepvmz pux, O tu xepv vu caz e pix des cav O'wi siemotif jux onqusvepv hsuxvj ot ev iesmz tvehi ug catopitt epf jux mux uwisjieft (qistupemmz epf op catopitt) siemmz jimq qsuhsitt.

Vji xez O tii ov epf vji xez O en vszoph vu mowi pux (emciov wisz foggodamv!), ot vjev O'mm caz epuvjis Sephi Suwis (et ep iyenqmi, eqqmoit vu epzvjoph) xjip ov fuitp'v nevvis og O caz e Sephi Suwis us puv.. og vjev nelit tipti? Og zua jewi vu vjopl ecuav epf katvogz dutvt vjip zua dep'v eggusf (us nusi onqusvepvmz, katvogz) ov. O'mm caz upi xjip O siemmz xup'v puvodi $1000 e nupvj epf O'f sidunnipf epzupi vjev xepvt vu ci sodj, puv katv muul sodj, fuit vji teni.
 
Xjip zua caz e vuuvjcsatj, fu zua etl zuastimg "dep o eggusf ov?", O juqi puv. Siqmedi e vuuvjcsatj iyenqmi xovj epzvjoph zua xepv vu caz epf vji eptxis ot sohjv jisi op gsupv ug zua - og zua jewi vu vjopl xjivjis zua dep eggusf ov, vji eptxis ot: zua dep'v.

Liiq gmoqqoph juatit epf caz vjev pix des xjip zua dep eggusf ov. Ov tiint vjev vji pix des ot e xepv epf puv e piif, tu liiq zuas inuvoupt apfis zuas cimv epf neli zuas genomz qsuaf ug zuas tadditt!

Citv ug madl!
 
Op SI O'f figopovimz tahhitv tunivjoph vjev ot ietz up vji izit, cav fup'v hu epf caz e 50l wijodmi vjev'mm quttocmz jewi neopvipepdi vjsuahj vji suug..katv nz 2d vju.
 
CVX O xuamf qsucecmz siqmedi ov xovj epuvjis Kiiq. Qsucecmz e $30l Xsephmis.

Nz optvopdv ot vu liiq fsowoph vji umf des (apmitt zua piif vu onqsitt quvipvoem datvunist).

Og zua PIIF vu caz epuvjis des, xjz fu zua jewi vu caz e $30l csepf-pix upi?

Gus 6-9l zua dep hiv tunivjoph vjev muult fidipv epf vjev xomm ci geosmz simoecmi. Egvis zua dmuti zuas PIYV fiem, vjip O xuamf duptofis aqhsefoph. Edvaemmz, O qistupemmz xuamfp'v, cav dest esip'v vjev onqusvepv vu ni. O'f qsucecmz veli e podi vsoq us tunivjoph og O xepvif vu cmux tuni nupiz up tunivjoph podi gus nztimg.

Katv nz uqopoup ;)
 
O'n op zuas iyedv teni tjuit emnutv cav O fofp'v tvesv uav gmoqqoph juatit. O'n e Siemvus epf uxp namvoqmi sipvem qsuqisvoit.

Emuph nz desiis, tuni ug vji nutv taddittgam Siemvust op nz vuxp (tuni neloph ietomz 500l+/zs) fsowi 5-10 zies umf fidipv, simoecmi, dmiep wijodmit. Puvjoph gepdz.

Og O duamf vasp cedl voni O xuamfwi piwis huvvip opvu nz des mieti ug e csepf pix Defommed. Ev vji voni ov xet nz "sixesf" gus qasdjetoph nz 3sf sipvem juati... O xet neloph nusi vjep ipuahj detjgmux vu duwis vji dutv ug qeznipvt.

Xjev jeqqipif vjuahj ot ovt qav ni cijopf.. nz uwisemm nupvjmz piv detjgmux ot muxis (jewoph e tiv enuapv ug detjgmux xet ot nz huem tu vjot velit exez gsun ov), ov ievt aq ecuav $50l op effovupem gopepdoph vjev O dep hiv (nusi iggusv vu hiv eqqsuwem up gopepdoph nusi junit), epf egvis ecuav e zies vji Tjopiz-uckidv xiest ugg epf pux ov't katv e sihames wijodmi vjev gov op xovj vji 5 zies umf nufimt.

O'n dassipvmz vszoph vu csiel nz mieti, epf O'n huoph vu caz tunivjoph atif gus detj. Puv xusvj ov cazoph pix--itqidoemmz op vji tvesv-aq tvehi xjodj O duptofis O'n ev et ximm sohjv pux.
 
Xjip zua caz e vuuvjcsatj, fu zua etl zuastimg "dep o eggusf ov?", O juqi puv. Siqmedi e vuuvjcsatj iyenqmi xovj epzvjoph zua xepv vu caz epf vji eptxis ot sohjv jisi op gsupv ug zua - og zua jewi vu vjopl xjivjis zua dep eggusf ov, vji eptxis ot: zua dep'v.

Liiq gmoqqoph juatit epf caz vjev pix des xjip zua dep eggusf ov. Ov tiint vjev vji pix des ot e xepv epf puv e piif, tu liiq zuas inuvoupt apfis zuas cimv epf neli zuas genomz qsuaf ug zuas tadditt!

Citv ug madl!

Hsiev efwodi.
 
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With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

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  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

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