To sell or not to sell?

[Pyro]

I've been wrestling with the idea of selling my Cobra. Now, dont misunderstand me, I LOVE my car but I'm considering selling it to buy a Cabin in Lake Tahoe or some other type of rental property.

 

[fr03cobra]

Property will keep it's value unlike the car but it's your choice.

 

[03Bra]

That must be some pretty cheap land if selling the Cobra will pay for it. I say keep the Cobra and get the Cabin!

 

[Pyro]

Originally posted by fr03cobra
Property will keep it's value unlike the car but it's your choice.

True

I'm also considering an office building. I'm just at a point in my life where I see other people making $$ from real estate (residential & commercial) while I'm still working for a "boss" and they're no different than I am...at least when they started.

 

[CobraBob]

Sell it. Buy the cabin. And then with the profit you make in a couple of years buy the new Cobra in '07.

 

[EatonMe]

Let's see here:

Cabin/office building - almost guranteed to make you money.
Mustang - guranteed to continue to lose money on.

Not much of a tought choice in my opinion. Sell the Mustang.

 

[Pyro]

Originally posted by 03Bra
That must be some pretty cheap land if selling the Cobra will pay for it. I say keep the Cobra and get the Cabin!

I was thinking more in terms of cash flow. Selling the Cobra would definitely improve my cash flow in case I run into any problems.

 

[Juiced-03]

I dont own my own cabin, but I have one that I rent all the time pretty cheap. I dont see the need to own a cabin unless I was going to spend at least 30-40% of the year there. Right now I thinks it's more fun to drive my car on the twisties on the way up there

I have been seriously thinking about selling my car for a Toyota Sequoia though. I really want an SUV.

 

[Pyro]

Originally posted by Juiced-03
I dont own my own cabin, but I have one that I rent all the time pretty cheap. I dont see the need to own a cabin unless I was going to spend at least 30-40% of the year there. Right now I thinks it's more fun to drive my car on the twisties on the way up there

I have been seriously thinking about selling my car for a Toyota Sequoia though. I really want an SUV.

It would be primarily for renting out as a vacation home. Where abouts in Tahoe do you live?

I'm also considering an office building in Reno assuming it has tenants and a positive cash flow or a secon home to rent out. Reno is growing so fast it's crazy.

 

[earl lee]

Originally posted by Juiced-03
I dont own my own cabin, but I have one that I rent all the time pretty cheap. I dont see the need to own a cabin unless I was going to spend at least 30-40% of the year there. Right now I thinks it's more fun to drive my car on the twisties on the way up there

I have been seriously thinking about selling my car for a Toyota Sequoia though. I really want an SUV.

Your paying the note of the cabin when you rent it. ;-) Property is a great investments specially if you keep the place rented out where they are paying for it and your profiting off it.

 

[Neoclasiccl]

I might be selling my car also. I need something better on gas. This 12 mpg is killing me lately with these crazy gas prices. I am looking at a G35:beer:

 

[Mugger]

Originally posted by CobraBob
Sell it. Buy the cabin. And then with the profit you make in a couple of years buy the new Cobra in '07.

I'm with CobraBob. I sold my Cobra to buy a house. I will be Cobra-less for a while but in the long run I'll have a BIG house and a Cobra or 2 in the driveway in the future.:beer:

 

[xVENOMx]

geeze by the time i actually get my cobra i'll be the only one left!

 

[DARKSTI]

by a house/office its gonna start getting hectic up there, you could get a great oppurtunity

 

[Orange Poison]

I say ditch one of the suv's instead...;-)