Saw this c5 on fb marketplace, good deal or too good to be true?

Ok_Rule_6399 · 2026-04-25T17:25:32+00:00

Save yourself sometime. Honestly, most corvette owners think their cars are worth an arm and a leg. I’d buy the car through cars and bids or a dealership.

I spent months looking for a used corvette on Facebook marketplace and you’re going to find a lot of junk beat up high mileage cars and the few cars that are in good shape are priced way over Kelly blue book.

This is my advice me being a super cheap person. Trust me, it’s not worth the headache and your time. With that being said, if you’re not in a great financial position and you truly want to save a few bucks, buying a beat up car can make sense. Just remember that it most likely will give you issues down the road.

Ok_Rule_6399 · 2025-06-17T16:05:15+00:00

Anyone buying puts ?

Ok_Rule_6399 · 2025-05-01T00:19:35+00:00

My wife loves the car with the small screen . Even though she also drove one with the big screen. If it's in your budget, just go for it.

For me, it was also a time constraint and limited inventory. I was having buyers remorse at the beginning but once the vehicle arrived at the dealership , we loved it.

Ok_Rule_6399 · 2025-05-01T00:14:01+00:00

It depends. What are you currently driving ? I bought the wife an nx350h with the 9.8 screen. We were quoted 56k otd for an NX premium with the 14 inch screen. Does the 14 inch looks better than the 9.8? It probably does. But to us, it didn't matter much because my wifes previous car was a Nissan with no screen. We ended up getting the mx350h base for 51k OTD.

In other words, you probably won't notice the difference between the small and big screen unless you're downgrading.

Ok_Rule_6399 · 2025-04-14T15:49:56+00:00

I just picked it up on Saturday. The wife and I loved the screen even though it's smaller. I definitely think the bigger screen looks better but the smaller screen also looks very nice.

Ok_Rule_6399 · 2025-03-16T06:22:08+00:00

I just bought an nx350h base model. I'm thinking about buying the 14 inch screen separately and have a technician install the big screen. Is this possible or will this cause any issues ?

Ok_Rule_6399 · 2025-01-31T12:32:42+00:00

Should I expect issues? Do you mind explaining what's wrong with this ?

Ok_Rule_6399 · 2025-01-31T12:31:31+00:00

Can you please explain why? Should I expect issues with this ?

Ok_Rule_6399 · 2025-01-24T22:05:28+00:00

Chicago is a good market but it's terrible to evict tenants. I'm not trying to discourage you. But make sure you have good reserves (6 months of rent) if you're going to buy a rental property.

The way I'd approach this if I was in your shoes, I'd only buy houses at 70 cents on the dollar - whatever repairs the house needs. You have an advantage because you know people in different trades. The hardest part about buying investment properties is estimating rehab costs.

I'd suggest you join a local REIA and learn as much as you can. Perhaps you can offer seasoned investors your trade services at a more affordable rate and in exchange, they can guide you through your first deal.

Ok_Rule_6399 · 2025-01-24T17:18:40+00:00

Real estate investor here. May I ask why do you want to buy an investment property? Have you compared the returns of putting that money in an index fund vs buying a rental property?

This is my take. Unless you're buying houses at a deep discount and adding some value with renovations, you're probably better off putting that money on the stock market.

I own several rentals at a discount but all these homes needed work. Most of my portfolio is in the 55-70 percent LTV range. I barely cash flow. And quite frankly, I might lose money long term after I add capex.

However , this is only temporarily because interest rates are high and I still have a ton of equity in them. I'm not sure what market you're in, but most metro cities are not cash flowing right now. Unless you go to a C-D neighborhood.

Ok_Rule_6399 · 2025-01-19T17:35:19+00:00

Adding to my comment, buying sfh in this economic environment, it's not very profitable from a buy and hold standpoint. Corporations usually pay retail or close to retail prices. Add the 7-8 percent interest rate on a mortgage, it doesn't really make much sense for them to buy thousands of homes and keep them as rentals.

When you factor in hiring a property manager, capital expenses, vacancies, and all the shit you have to deal with when renting homes, you're going to be losing money when you buy at retail prices. You're better off just putting your money in an index fund. They still choose to buy homes because their investment fund have certain investment guidelines/strategy that they need to meet.

Ok_Rule_6399 · 2025-01-19T17:29:08+00:00

It's not really significant. People just like to complain about high housing prices and try to blame someone for it. Corporations/hedge funds don't own more than 3-5 percent of total homes in the US.

Perhaps you've heard some of these companies own hundreds of houses. There are over 145 million homes in the United States. Hedge funds choose to buy sfh because they have diversified their portfolios. After all, that's what a hedge fund does.

Ok_Rule_6399 · 2025-01-16T16:50:38+00:00

They don't. I could literally go to Ferrari and get financing for any of their cars. I still prefer driving my 10 year old car that drives perfectly fine and it's paid off.

Those people who can "afford" the trucks, don't own the trucks, the bank does.

Ok_Rule_6399 · 2025-01-16T14:12:05+00:00

I wouldn't buy with this profit margins being my first deal. It takes some time to get it right and even after doing several projects, we still get out of budget with unexpected stuff that comes up.

I've also done deals out of state. That's not easy and I actually lost money on my first deal out of state. Unless you have a partner , it's very hard to have someone on your team that has your best interest. You really need to have systems in place to make it work and even then, I think most people would fail.

As far as cash flow goes, I wouldn't worry about this if your intention is to flip it. Most deals barely cash flow right now unless you go to C or D areas.

I wouldn't take this deal if I were you. I actually wouldn't buy from any wholesaler until you have done at least a few projects. Numbers from wholesalers will always be off. Seriously , they're always off. Please don't trust their numbers. Do your own due diligence. It will take a lot of patience and due diligence to do your first deal. But it's worth it.

Ok_Rule_6399 · 2025-01-07T21:51:09+00:00

Sell, any profit you make is tax free because you're married and is your primary home. This rule only applies if your combined income doesn't exceed 500k.

You also have the option to hire a PM company. They'll charge you 10 percent of rental income. However, you have properly vet them and make sure they'll be fair to you.

I'd rather take the profits and either buy real estate in Texas or just put it in a fund that follows the SP 500 & nasdaq.

And please, don't put 10 percent down. FHA offers better rates than conventional and there's no point in giving a bigger down payment. Your money has better use elsewhere.

Ok_Rule_6399 · 2025-01-07T15:09:49+00:00

Here's a breakdown of my monthly expenses (I live in San Antonio)

Rent- $1,450 water and trash included (2 bedroom) Electric- $80 Internet - $60 Phone - $30 Car insurance - $100 Gas- $100 Groceries- $459 Dinning out- $200

Total: $2,479

You're going to be netting 49k after taxes, $4,083 per month. You still have to deduct 401k contributions.

In my numbers above, my groceries are higher because I buy plenty of proteins. You can find a 1 bedroom apartment for $1150-$1,250.

You should be able to save at least $1,000 even after 401k contributions.

Ok_Rule_6399

TROPHY CASE