How do you guys afford Evo's? Where do you work?

Reply Subscribe

Thread Tools

Search this Thread

Jun 9, 2005 | 11:11 AM

#106

Erik@MIL.SPEC

Former Sponsor

iTrader: (94)

Joined: Dec 2001

Posts: 5,695

Likes: 24

From: Los Angeles

Quote:

Originally Posted by zectasy

also....im not hating on all these younger people with their own business's...i think thats great and hopefully ill be right there with ya in the next couple years but when it comes to getting business loans how do you pull it off by yourself? your parents have to help you out there....i was looking to open up my own tanning salon near chicago and would need over a 200k loan...no way i could do it because i dont have any collateral...houses...expensive cars...rental property etc....thats why right now im kinda thinking to say screw a car and get a du-plex or sumthin....love young entrepenurs by the way...lol...love young rich kids making old poor people jealous

Buy the damn duplex. You'll be better off in the long run. When you refinance, get a non-owner occupied loan so you can move out and have your peeps (tenants) pay off the mortgage. Don't buy a duplex that doesn't cash flow. If you haven't, go read some real estate investment books. And property/tenant management if you're going to be an owner/occupant of a duplex,tri-plex, four-plex.

BTW, I'm 34 and a writer for an ad agency. I also do some real estate investment on the side.

Jun 9, 2005 | 11:15 AM

#107

Erik@MIL.SPEC

Former Sponsor

iTrader: (94)

Joined: Dec 2001

Posts: 5,695

Likes: 24

From: Los Angeles

Quote:

Originally Posted by dgoodhue

The problem with paying on your home equity so little is that you will be paying for the EVO and Exterra for 15-20 years...

Yeah, and the interest is tax deductable. Mmm, tax deductable.

Jun 9, 2005 | 11:19 AM

#108

biofusion

Evolving Member

Joined: Feb 2005

Posts: 160

Likes: 0

From: San Diego

I'm a Senior Loan Officer/Mortgage Consultant. Send me a PM if you need mortgage help or purchasing a home, refinance, cashout or debt consolidation. And I don't charge an arm and a leg!

Jun 9, 2005 | 11:25 AM

#109

naucrx

Evolved Member

iTrader: (19)

Joined: May 2003

Posts: 1,406

Likes: 1

From: Columbus, OH

26, and I work in legal department at an insurance company.

Jun 9, 2005 | 11:28 AM

#110

LancerOZ!=Evo

Newbie

Joined: Sep 2003

Posts: 91

Likes: 0

From: Parkville Maryland

23 years old - senior software developer. expect to spend atleast $600 to $1000 a month to pay for,maintain, and insure this car.

Jun 9, 2005 | 11:31 AM

#111

love2burn420

Newbie

Joined: May 2005

Posts: 73

Likes: 0

From: Tysons Corner VA

Paid cash for both my GSR and MR and have such high insurance (due to alot of motorcycle tickets and accidents) that i only got liability on the car.

Jun 9, 2005 | 11:31 AM

#112

jamevo8

Evolved Member

iTrader: (18)

Joined: Jun 2004

Posts: 767

Likes: 0

From: Chicago area

29 and bust my *** at work selling that is

Jun 9, 2005 | 11:38 AM

#113

macster

Evolving Member

iTrader: (3)

Joined: Sep 2004

Posts: 145

Likes: 0

From: San Diego

Hell

You are all just babies!

Me.

blk

53

Works for Large Navy Rpr facility in San Diego.

Works to supports things that fly, that begin with "F."

Oldest blk guy that owns an Evo in San Diego.

Oldest blk guy that owns an Evo in South San Diego.

Coolest oldest blkguy in San Diego that owns an Evo in South Diego.

Uhhh High school drop out! But computers saved my dumb a**.

Having fun driving my Evo.

m~

Jun 9, 2005 | 11:45 AM

#114

TheGVR4kid

Evolved Member

iTrader: (3)

Joined: Feb 2004

Posts: 1,248

Likes: 0

From: Ft. Pierce, FL

25 years old.

Design new car dealership advertisements for newspapers.

I live paycheck to paycheck. >=)

Jun 9, 2005 | 11:51 AM

#115

NapervilleEVO

Evolving Member

Joined: Oct 2004

Posts: 345

Likes: 0

From: where the 2005 World Series Champions play

21, $472/month 5 yrs $5000 down on my RS + $165/ month insurance. live at home. night school. work @ #1 packing goods company in the world, Philip Morris (Marlboro). Finance dept. good pay+great benefits+no rent-student loan payments=evo w/ some mods.

Jun 9, 2005 | 11:54 AM

#116

evolved8

Evolving Member

iTrader: (5)

Joined: Mar 2005

Posts: 137

Likes: 0

From: Baltimore, MD

damn, i feel kinda bad... all u people with nice jobs and such... i pay 315 a month for the evo @ 4% intrest, insurence is a whopping 500 every 6 months for full comprehensive! (250 deductable no less... gotta love lying to the insurence company!! lol) with 5 points on my record...

and i work as a security guard for a mall... 20 live with my grandfather who i help take care of... his house is paid off and being left to me along with everything else when he passes!!

so im kinda set... wouldnt make sense to move out and move right back in, lol..... *sigh*

Jun 9, 2005 | 12:05 PM

#117

Peazoo

Evolving Member

Joined: May 2003

Posts: 132

Likes: 0

From: Mi

Quote:

Originally Posted by zectasy

If you live at home, then stay at home and save your cash until you find out a can't miss prospect. At the worst case you need to be 100% sure what you expect to need to break even. You need to know every single cost of running a business all the way down to how much the toilet paper costs.