Successful Raptor Owners

[RaptorWifey]

I grew up dirt poor with ******, abusive parents. Dads a bully and moms a drug addict. The fact that I even contribute to the tax base could be considered by some a measure of 'success'. I'm the only person in my family with a degree and interestingly the only one not blaming someone else for my 'bad luck'.

The Raptor is my first new vehicle and only the third vehicle I've had where all the buttons work, lol.

Everything I have, I've earned.

The most important thing to me WRT 'success' is that Captain Chaos is healthy, happy and never has to go to bed hungry.

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I do find the anti-real estate comments curious. This is a perfect time to invest in real estate, IMO. I have 3 homes financed at 3%, two are rented for more than the mortgage. Considering I have very little of my own money invested and stand to make a minimum of $4M over 25yrs on two of them, I'd call that a 'good' investment but I'm no expert.

Good for you, but neither my comment, nor was birds, anti real estate, we were expressing the difficulty on getting a mortgage while being self employed under the new rules..Also, unless you are committing mortgage fraud, the rates for investment/rental properties are higher... While we could get 2.75 for a primary residence, an investment property would have been 5 to 5.5... Rates also vary per state, etc, but in the last two years, I have found that with 800+ credit and ample income, I have not seen the rates you mention... Again all the best!

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[WarSurfer]

Good for you, but neither my comment, nor was birds, anti real estate, we were expressing the difficulty on getting a mortgage while being self employed under the new rules..Also, unless you are committing mortgage fraud, the rates for investment/rental properties are higher... While we could get 2.75 for a primary residence, an investment property would have been 5 to 5.5... Rates also vary per state, etc, but in the last two years, I have found that with 800+ credit and ample income, I have not seen the rates you mention... Again all the best!

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I wasn't referring to you or Bird...

The house I live in is @ 3.1%, one rental is at 3.275 the other is at 3.9. No fraud here, both rentals have been disclosed as such, maybe I got lucky. Regardless, my point was just that the 'vehicle' (real estate) isn't necessarily the problem it's the approach. As with buying stock, those looking for a quick win have the potential for great gains and great losses. However, over the long run and if done properly, both can deliver solid returns.

 

[RaptorWifey]

Interesting, I don't remember others speaking about realty, but I'm not going to go back and read the whole thing either....again good, for you. Not what we've encountered.

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---------- Post added at 10:32 PM ---------- Previous post was at 10:30 PM ----------

PS... We would not have rental property if we didn't think it was a fantastic investment....

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[Marcs]

I grew up dirt poor with ******, abusive parents. Dads a bully and moms a drug addict. The fact that I even contribute to the tax base could be considered by some a measure of 'success'. I'm the only person in my family with a degree and interestingly the only one not blaming someone else for my 'bad luck'.

The Raptor is my first new vehicle and only the third vehicle I've had where all the buttons work, lol.

Everything I have, I've earned.

I do find the anti-real estate comments curious. This is a perfect time to invest in real estate, IMO. I have 3 homes financed at 3%, two are rented for more than the mortgage. Considering I have very little of my own money invested and stand to make a minimum of $4M over 25yrs on two of them, I'd call that a 'good' investment but I'm no expert.

Would love to see the math on your predicted return......

Investment property @3%?!.....and virtually no money down?.....

Would love to see some details....

 

[RaptorWifey]

Maybe ARM?.....

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[WarSurfer]

No, all are 30yr fixed.

I had it all typed out but feel uncomfortable airing that level of detail.

Suffice it to say that rent payments alone account for 1m over the 25yr period per house. The rest is home value. Both rent for more than the mortgage and those dollars are applied to principal so they will be payed off in fairly short order (homes are ~5yrs old and we have owned since new).

Three things I haven't accounted for are interest on accumulated rent, rent rate increases over time and inflation. As I said, the 4m number is a very conservative estimate. Inflation is the wildcard and will impact (negatively) the real value of those future dollars.

As long as the Capitol stays in DC, rent and value will increase over time.

 

[Clocked92]

I'm 21, Don't have a Raptor yet but am definitely gonna be looking to get one once I get a full time job and bank enough money for one. I'm currently in school for Civil Engineering Technology. Hopefully I'll get a job that allows me to get into project management. One day I'd love to have my own consulting company. Right now I've got a 2006 Mustang GT that is my baby and a 2012 Wake edition Seadoo.

No I'm not one of those rich kids that gets stuff handed to them. I've worked multiple jobs when in school and in my spare time to buy the things I want. Right now where I live the house prices are astronomically high so it isn't worth it for me to buy one which is kind of why I want to buy a truck and pay it off then buy a house later.

 

[sabumaru]

I am the man above Donald Trump
He is the face and name of my company
I own ford and so in a way i own all of you

In that way i own all the houses. And all you debts

 

[EternalChampion]

I am the man above Donald Trump
He is the face and name of my company
I own ford and so in a way i own all of you

In that way i own all the houses. And all you debts

All your base are belong to us

 

[Deleted member 12951]

I was thinking of starting a thread just asking what Raptor owners do for a living. This will be the most expensive vehicle I have every owned and was just curious what others did to afford a Raptor and all that modding that goes with it? Not to get this existing thread off track (seems like it did and died) but wanted to bring it back, hopefully.

I am a self employed Computer Consultant and my wife is a part-time Registered Nurse BSN.