I have an 835 Credit Score, what should I be doing with it?

[L&HH]

haven't watched the video yet but i heard the best car to do that with is a tesla. something about the car not depreciating like others.

Tesla is one of the better cars for sure. But you can damn near do it with any car. One guy I watch says he buys beater cars for $3k that he rents for $350 a week. Essentially ppl that drive uber or do doordash with bad credit and no money do those weekly rentals.

 

[Jblaze204]

Tesla is one of the better cars for sure. But you can damn near do it with any car. One guy I watch says he buys beater cars for $3k that he rents for $350 a week. Essentially ppl that drive uber or do doordash with bad credit and no money do those weekly rentals.

damn i didnt know it yields that much. that's a nice side income.

 

[O.iatlhawksfan]

Tesla is one of the better cars for sure. But you can damn near do it with any car. One guy I watch says he buys beater cars for $3k that he rents for $350 a week. Essentially ppl that drive uber or do doordash with bad credit and no money do those weekly rentals.

But what if the driver wrecks the car?

 

[IsThatBrothaMouzone?]

Mutual Funds/ETFs....do that first

Throw in some blue chip stocks

Take some gambles (AMC/GME plus crypto)

Real estate is OK but be mindful of taxes, upkeep...are you just buying a home to live in or buying property.

Might consider buying out in the boonies and make sure you own the mineral rights...maybe out on the plains where you can build wind turbines.

 

[L&HH]

damn i didnt know it yields that much. that's a nice side income.

But what if the driver wrecks the car?

Turo gives you full coverage. You have to be extremely thorough in the precar check every trip though. Also depending on the car and what state you live in you can make money if people get into accidents in your car. 15 states have what's called a depreciation of value claim laws where your insurance comapny has to pay you the difference in the lost value of the car if it gets into an accident. Say you have a Lambo that cost $150k it gets into a fender bender but you still have to report the accident on the car fax. The value of the car drops to $120k. You get the car fized and can put it right back on the app and on top of that your insurance has to cut you a $30k check for the lost value in the car. Also you can charge your riders extra fees if they curb rash your shyt. Dude in the video below says he charges them $250 a wheel if it's 3 inches or greater.

If you have the credit (750+) this hustle seems better than any hustle out. Don't have to put any money down. Some lenders you might even be able to negotiate your first month free

 

[L&HH]

I have been thinking about doing something like this. I saw how much people are renting out Slingshot, I was like if I was to buy 4 of these, Id be set.

There's a strategy too. Dude in that video said slingshots instead of renting per day he'd rent those per hour. Like $100/hr