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Investment Property or Bronco

Escape Hatch

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I am starting to second guess the Bronco purchase instead of buying a rental property and building more wealth. Have my money work for me or give it to somone else? 🤔
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Wizard1183

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If you don’t need it? Invest it. Rental property can be good? But you better be guaranteed that 10-15% cap rate
 
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Escape Hatch

Escape Hatch

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Yup, don't need the Bronco but more want. It sucks being responsible.
 

BennyBronco69

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I am starting to second guess the Bronco purchase instead of buying a rental property and building more wealth. Have my money work for me or give it to somone else? 🤔
Can't take that $ with you to the grave.

I obviously don't know your financial position but you have to find a balance between being responsible and having fun with your hard earned $.
 

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Chrism81

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If you are looking at this from an investment standpoint, purchasing a car is one of the worst investments. They are not meant to be investments. If you can't afford both I would focus on something that will give a return on your money. I "want" the bronco. Don't need a new car, but I can afford the bronco and have money to invest. Look at what you can afford to do while still enjoying life.
 

abe

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I don't own rental property, but know people that do. It just seems like one big hassle after another for them. I'd go Bronco or stock market lol
 

UNBROKN

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You could invest in the rental property and use the monthly rent to pay for the Bronco. When the Bronco is paid for you will still have the rental property. With a super low interest rate on the Bronco, it would not hurt too bad. I have considered this myself but I do not want the headache of rental property. You can still build wealth AND have the Bronco!!
 

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Bronco Beard

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Did you also post this question on an investment forum? BRONCO! Think of it as an investment in Happiness!
 

ryn0s3r1

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No brainer! Cancel you reservation/order and let someone else who really wants a Bronco move up in line.​
 

Russ1Bronco

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I am starting to second guess the Bronco purchase instead of buying a rental property and building more wealth. Have my money work for me or give it to somone else? 🤔
...I'm getting both...I will be leasing a 4dr. base for 323.00 a month,withdrawing from
one of my investment accounts monthly....Instead of taking a large sum out for a down payment...I'll keep my money working for the next 4 years..
 
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Escape Hatch

Escape Hatch

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All fair and some comical. I can do both however this is not a need purchase. The poor work for their money, the rich have their money work for them. I seem to never forget that saying...
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