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97
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11
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Thomas Garza
  • Homeowner
  • Channelview, TX
11
Votes |
97
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Buy a Tesla Using Rental Cash Flow

Thomas Garza
  • Homeowner
  • Channelview, TX
Posted Mar 27 2020, 09:25

Two weeks ago I decided to invest some money in the stock market to take advantage of the plummeting prices. I have just officially run our projections, and we hope to walk away with a $40k gain in 1-2 years. My plan was to use that money as a down payment on the future Tesla Cybertruck, which will cost roughly $50k plus TTL. 

After further consideration, I am now thinking that I should use the $40k to buy 1-2 rental properties, and then use the cash flow to pay for the monthly payments on the Cybertruck. It seems like this approach has several benefits, including the basic idea that my tenants will simultaneously be paying down my car and my house for me at the same time.  

Is there anything that I'm missing here? Has anyone else here employed this strategy? If so, how did it work out for you? 

*I plan to pay the taxes on the stock, TTL on the vehicle, and closing costs on the house(s) out of my own pocket in order to stretch the $40k the furthest. 

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