My Rich Neighbor

[miketa95]

My Rich neighbor is a big BMW fan. He went to the BMW driving performance driving school in South Carolina, he was one of the first BMW 6 series owners, then he got the new BMW M5, but his lease is up next month. It was time for a new car, so knowing he needed to get something even better, he purchased this...

http://i384.photobucket.com/albums/oo281/MikeTA95/ShiHan2.jpg

(notice the M5 still in the garage)

http://i384.photobucket.com/albums/oo281/MikeTA95/ShiHan1.jpg

Pictures really do no justice for the CTS-V at all. This car is beautiful. Compared to the M5 the Caddy really is a way better looking and sounding vehicle... He said I can get a ride after the break-in period.

[7998]

Smart choice. So did he get the 6-spd manual or the auto?
That car it just sex.

[Jersey Mike]

deja vu

[sweetbmxrider]

v's just look so dirty yet so refined. love it.

[V]

im jealous, i like.

[maroman88]

guy at work has this in the dark red and its sooooooo :drool:

[Blackbirdws6]

I think this will replace the G8 in a few years :)

[T69SS]

Awesome

[Frosty]

So much win in this thread.

[madness410]

gorgeous car. whenever i see one i think of a line i read the time i first saw an ad in car and driver for one...tuxedo with a jetpack

[WayFast84]

I love this car. This is going to be my first vehicle purchase after I get a house when I graduate... Prices should be somewhat affordable in 4 years :)

[Ian]

I love this car. This is going to be my first vehicle purchase after I get a house when I graduate... Prices should be somewhat affordable in 4 years :)

you're going to graduate, buy a house, then buy a CTS-V all in the span of 4 years? must be nice.

[Anti_Rice_Guy]

you're going to graduate, buy a house, then buy a CTS-V all in the span of 4 years? must be nice.

I was thinking the same thing! I want that life.....

[LTb1ow]

I was thinking the same thing! I want that life.....

Be careful what you wish for, it also comes with making messes of ones face.

[Anti_Rice_Guy]

Be careful what you wish for, it also comes with making messes of ones face.

Good call. I think I'd rather suffer in my life than suffer with that :rofl:

[Frosty]

I love this car. This is going to be my first vehicle purchase after I get a house when I graduate... Prices should be somewhat affordable in 4 years :)

Can I please have the name and # of your dealer please? It's obvious that he's selling some high quality stuff. :D

[DaSkinnyGuy]

you're going to graduate, buy a house, then buy a CTS-V all in the span of 4 years? must be nice.

when you work hard enough for something your heart has a dream of you can accomplish it. Just like the guy with the keys to the new cts-v

This can work out very well if you live in a state with cheap houses and cheap taxes and a nice pay check

[Frosty]

This can work out very well if you live in a state with cheap houses and cheap taxes and a nice pay check

Which doesn't apply to NJ :nod::lol:

[redsoxsstink]

i sware i saw this guy on the parkway today. it looked just like it and the guy looked kinda rich. it looks even better in person, awesome car

[WildBillyT]

when you work hard enough for something your heart has a dream of you can accomplish it. Just like the guy with the keys to the new cts-v

This can work out very well if you live in a state with cheap houses and cheap taxes and a nice pay check

Did you read that off of the cover of Oprah magazine?

These days people are lucky to have jobs, let alone high paying ones that allow you to afford a house and a CTS-V in NJ, under 30 years old. God forbid you have student loans, a girlfriend, or anything like that.

[deadtrend1]

Did you read that off of the cover of Oprah magazine?

These days people are lucky to have jobs, let alone high paying ones that allow you to afford a house and a CTS-V in NJ, under 30 years old. God forbid you have student loans, a girlfriend, or anything like that.

thats it right there. They usually have the final say ... :lol:

[T69SS]

i sware i saw this guy on the parkway today. it looked just like it and the guy looked kinda rich. it looks even better in person, awesome car

Lol. Or in debt up to his eyeballs

[LS1Hawk]

God forbid you have student loans, a girlfriend, or anything like that.

thats it right there. They usually have the final say ... :lol:

That and they are a another source of debt.

[WayFast84]

when you work hard enough for something your heart has a dream of you can accomplish it. Just like the guy with the keys to the new cts-v

This can work out very well if you live in a state with cheap houses and cheap taxes and a nice pay check


I can do it in NJ. It's called strategy. A nice 2 family house and the rent coming in from the one side pays the mortgage. Now get a house with a bunch apartments eventually you can make a profit... But hell what do I know my dad's only been renting out houses for 30 years...

[Ian]

I can do it in NJ. It's called strategy. A nice 2 family house and the rent coming in from the one side pays the mortgage. Now get a house with a bunch apartments eventually you can make a profit... But hell what do I know my dad's only been renting out houses for 30 years...

My apologies, I didn't realize I was talking to a real estate tycoon in the making.

[Frosty]

My apologies, I didn't realize I was talking to a real estate tycoon in the making.

You better recognize....

[91chevywt]

You better recognize....

yup...real estate is where its at...

[NastyEllEssWon]

My apologies, I didn't realize I was talking to a real estate tycoon in the making.




You're Fired

[SteveR]

I can do it in NJ. It's called strategy. A nice 2 family house and the rent coming in from the one side pays the mortgage. Now get a house with a bunch apartments eventually you can make a profit... But hell what do I know my dad's only been renting out houses for 30 years...

The problem with that strategy is that you'll need 20% down in cash to avoid PMI on the loan you'll have to take out on the house you plan on renting and last time I checked most houses in NJ START around a quarter mil, so that's $50k out of pocket up front then the permits and inspections to allow it to be a rental. With the cost of owning a home and then being a landlord, you also have to fix all the crap that breaks in the house which comes out of your pocket. Then, you plan on buying your own house. There's another large out of pocket cash expense to put down on a second home loan. That's also assuming your credit is out of this world to allow you to take out two mortgages for most likely over half a million dollars. With the way the economy is now, you can't expect to make enough money off one rental to pay two mortgages. Your dad may have been doing it for 30 years, but the economy then was WAY different than it is now. You'll need a massive up front cash investment and I don't see you taking in enough from one house to pay for two. I had friends I used to work with that tried it and with owning homes in a very desirable area and also making six figures at their job, they still had trouble making a profit at the end of the year with all the expenses.

Also, if you're talking about buying apartment buildings, you better have one wealthy investor behind you. A small apartment building can cost you millions of dollars and the cost to run them is in the hundreds of thousands every year. If you're talking about a sub-divided estate, good luck with that. NJ has been trying to get rid of those for a while now and a lot of towns have stopped issuing new permits for it. That plus the cost to purchase one is well over a million.

[j0n]

I can do it in NJ. It's called strategy. A nice 2 family house and the rent coming in from the one side pays the mortgage. Now get a house with a bunch apartments eventually you can make a profit... But hell what do I know my dad's only been renting out houses for 30 years...

:rofl::rofl::rofl::rofl::rofl::rofl::rofl:

Do you have any idea how much a house fitting that criteria costs in NJ? Not to mention the strict credit requirements for that size loan nowadays. You're probable retort is that you'll have your father co-sign... but wait... a cosigner means you will have to use an FHA loan, so you get the pleasure of paying PMI regardless of the size of your down payment. Add in furniture, food, cell phone, car insurance, homeowners insurance, landscaping costs, gas/oil, electric, water, sewer, garbage, landline, phone, internet, a couple months without a tenant and w00t! You are now in default of your mortgage! Congrats! You have helped bring the economy further down the ****ter, screwed your credit for the next 10 years, and screwed your father's credit for good measure.

Well done!

http://betterrugbyrules.blogtown.co.nz/files/2008/06/hands_clapping.gif

Edit: To the OP... based on even the small amount of info we have from you regarding your neighbor, I'd be willing to put a healthy wager on the fact that your neighbor is not rich, and most likely very far from it.

[NastyEllEssWon]

school is in! looks like someones got egg on their face now :D again

[Mark B]

lol

[chevyt454]

Sweet