At 27 years old...I finally did it!

At 27 years old...I finally did it!

Investor · Saint Louis, MO · Member since 2016 · 970 posts · 1k+ votes

I know some people have followed my story or have seen my real estate wish list. Of course one of the top things I've wanted was a Lamborghini because they exhibited power and grace. A symbol of success and the fruit of hard work.

  At the ripe age of 27,  I fulfilled a childhood dream of over 10 years. Today I beat hundreds of haters and naysayers who thought I couldn't do it.

But more than anything, this car will stand as a motivating factor for me every single day. That no one can tell me no and that nothing is impassable. I can and will achieve everything I want to.

This will just be the beginning of greater things and I'm super excited to continue growing and moving forward!

and yes, I purchased it in cash ;)

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Rental Property Investor · Philadelphia, PA · Member since 2015 · 213 posts · 160 votes
8y

You could have bought another property with that cash!!

Kidding - It's important to enjoy the money you work hard to earn. I'm sure some on BP will give you crap for splurging, but at the same time say "Remember your why!". Perhaps your "why" was a desire to buy a sweet car!

Enjoy.

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  • Rental Property Investor · Philadelphia, PA · Member since 2015 · 213 posts · 160 votes
    8y

    You could have bought another property with that cash!!

    Kidding - It's important to enjoy the money you work hard to earn. I'm sure some on BP will give you crap for splurging, but at the same time say "Remember your why!". Perhaps your "why" was a desire to buy a sweet car!

    Enjoy.

  • Real Estate Agent · Hamilton, NJ · Member since 2013 · 464 posts · 311 votes
    8y

    @David Zheng 

    Congrats on your accomplishment.  Love the bright yellow with blacked out rims!

  • Investor · Saint Louis, MO · Member since 2016 · 970 posts · 1k+ votes
    8y

    @Charles Kennedy

    hahah I am waiting for those responses as well. My response is....better get rid of your kid or your spouse and buy more property. those cost money as well!  Thanks!

    @Christopher Giannino

    Same! definitely a head turner

  • Dearborn Heights, MI · Member since 2014 · 27 posts · 11 votes
    8y

    Congratulations @David Zheng ! That Lambo looks beautiful!!

  • Rental Property Investor · New York City, NY · Member since 2017 · 493 posts · 386 votes
    8y
    Congrats!!! Love the color... Hey I’ve always been curious how much is the car insurance for a Lamborghini?
  • Investor · Saint Louis, MO · Member since 2016 · 970 posts · 1k+ votes
    8y

    @Raul R.

    originally statefarm was at 275/month and that's after the discount I had from insuring all my properties with them

    however after some shopping I found a company that just insures exotics that aren't driven that much. They were only $129!

  • Dayton, OH · Member since 2017 · 74 posts · 49 votes
    8y

    Congrats! That is some sweet accomplishment!

  • Investor · Saint Louis, MO · Member since 2016 · 970 posts · 1k+ votes
    8y

    @Tommy Spijkers 

    Thanks!!

  • Rental Property Investor · New York, NY · Member since 2013 · 136 posts · 101 votes
    8y

    @David Zheng LOL. I remember you saying that you will NOT purchase a Lambo using the refi money from that property you fixed up :P 

    Please feedback after a few months of ownership if it's still worth having or if you would have preferred to put the money down on a commercial property. Sometimes you just need to get something out of your system, keep in mind that you can always sell it and recoup a good chunk of cost if you bought it properly.

    Nice looking car though! Enjoy it! 

  • Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes
    8y
    David Zheng how much did that bad boy cost? What year is it? Looks great !
  • Saint Paul, MN · Member since 2016 · 34 posts · 7 votes
    8y
    @davidzheng awesome job! 🙌🏾
  • Real Estate Investor · Palm Beach County, FL · Member since 2017 · 3k+ posts · 2k+ votes
    8y

    Congrats David! I bought my Lamborghini in cash when I was 28 years old so I can relate.

    I still remember the day I went to get it like it was yesterday. Certainly an amazing and memorable experience!

    I sold mine several years back but here's a picture of it.  I've got my eye on the Huracan next.  Enjoy buddy!

  • Investor · Saint Louis, MO · Member since 2016 · 970 posts · 1k+ votes
    8y

    @Ahmad H.

    Ive had a couple good deals since the refi that helped pay for this one ;) and you are correct I definitely had an exit strategy in case I decided to sell this one. 

    @Caleb Heimsoth 04! same as the one I saw when I was a wee lad

    @Brian 

    @Brian Garrett That.is.beautiful! Im not going to lie the exotic car bug has defintely taken hold haha

  • Saint Cloud, MN · Member since 2017 · 90 posts · 70 votes
    8y
    Originally posted by @David Zheng:

    I know some people have followed my story or have seen my real estate wish list. Of course one of the top things I've wanted was a Lamborghini because they exhibited power and grace. A symbol of success and the fruit of hard work.

      At the ripe age of 27,  I fulfilled a childhood dream of over 10 years. Today I beat hundreds of haters and naysayers who thought I couldn't do it.

    But more than anything, this car will stand as a motivating factor for me every single day. That no one can tell me no and that nothing is impassable. I can and will achieve everything I want to.

    This will just be the beginning of greater things and I'm super excited to continue growing and moving forward!

    and yes, I purchased it in cash ;)

     Fantastic! Congratulations!

    I think it is so important to have goals and to take action to make sure the goals come true. You have clearly taken action and made sure you could achieve this goal!

    A lot of people have goals that in all actuality are really wishes because they don't take action to achieve the goals.

    Excellent job! 

    What is your next goal?

  • Gordon CuffePro Member
    Investor · Roseville, CA · Member since 2009 · 1k+ posts · 583 votes
    8y

    @David Zhengcongrats on the car. How much positive cash flow does she give you every month?  lol

    I remember you story about the apartment and it gave me motivation to tell myself I can do the same thing or something simalar. keep looking for the deals. 

  • Investor · Miami, FL · Member since 2015 · 363 posts · 143 votes
    8y
    Originally posted by @David Zheng:

    I know some people have followed my story or have seen my real estate wish list. Of course one of the top things I've wanted was a Lamborghini because they exhibited power and grace. A symbol of success and the fruit of hard work.

      At the ripe age of 27,  I fulfilled a childhood dream of over 10 years. Today I beat hundreds of haters and naysayers who thought I couldn't do it.

    But more than anything, this car will stand as a motivating factor for me every single day. That no one can tell me no and that nothing is impassable. I can and will achieve everything I want to.

    This will just be the beginning of greater things and I'm super excited to continue growing and moving forward!

    and yes, I purchased it in cash ;)

     Congratulations, That is a nice goal to have,  enjoy it 

  • Rental Property Investor · Eastchester, NY · Member since 2017 · 39 posts · 36 votes
    8y

    That is so awesome! Congrats on your hard work paying off :) 

  • Investor · Richmond, VA · Member since 2016 · 1k+ posts · 2k+ votes
    8y

    @David Zheng,

    Congrats, and wow-- gorgeous car!!!!  I'm proud of you for "investing in fun" after working your butt off so hard so many years, it's important to enjoy life and realize what you're working for!      I'm jealous!  

  • Investor · Saint Louis, MO · Member since 2016 · 970 posts · 1k+ votes
    8y

    @Gordon Cuffe

    Its funny you ask. I've already gotten requests to use businesses and restaurants for free if I park it outside, Free valet, reservations for photoshoots.  This thing makes some money on the side ;)

  • Brecksville, OH · Member since 2018 · 13 posts · 1 vote
    8y

    Congrats David! Enjoy the fruits of your labor (and get a radar detector!)

  • Nicole A.Pro Member
    Rental Property Investor · Baltimore County Maryland and Tampa Florida · Member since 2013 · 2k+ posts · 2k+ votes
    8y

    How much do you estimate per month in speeding tickets? ;-)

    Congrats on your success and the car!

    Curious BP members would love to see your BP profile filled out. :-)

  • Pompano Beach, FL · Member since 2017 · 36 posts · 6 votes
    8y

    CONGRATS David. We need more young people with your mindset. Be safe out there buddy. Looking forward to reading about your next ‘why’ (airplane👍👍)

  • Investor · Saint Louis, MO · Member since 2016 · 970 posts · 1k+ votes
    8y

    haha thanks guys. Im not going to lie, I told myself I would drive it like a regular car.

    but when you get behind the wheel, its basically impossible

  • Lender · Seattle, WA · Member since 2014 · 2k+ posts · 899 votes
    8y

    congrats !

  • Indianapolis, IN · Member since 2018 · 14 posts · 14 votes
    8y

    Only one?

    Peasant.

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