the best way to start a business with no money is to learn high income skill and start a side hustle then convert it to a business. a fellow creator....
Great video!! I like how to also touched on exotic car "mileage". Many exotics will hit 200k in miles pretty simple when maintained properly and also many of these cool cars can actually be daily driven and SHOULD BE. I know this to be true because I have been driving exotics very CONSISTENTLY for the last decade +.
props to this guy this is a tough business. They definetely have exotics on TURO here in houston we have new urus and lamborghini on turo for $700 a day about a third of the cost of the exotic car companies. My neighbor does this fulltime on TURO straight out of my condo garage here he has all the exotics parked in the garage lol
My guy Ryan got about 10 words in the whole interview 😂 buddy was answering questions Ryan didn’t know he needed to ask. Sheesh. Ryan your a good man ..Those cars are crazy though 👀
Hello, my name is Tony from Louisville, KY. I'm the top Turo host in my city, I just started a year ago and now have over 1,200 trips, 17 cars fleet, and make over $300,000 a year! I would love to do a video with you and talk business!
This is why you rent on TURO and always LEASE the cars for high mileage 2 year , this eliminates all these problems! And to get started go to 10 dealerships and get approved for 10 leases and then use them all at the same time! And AlWAYS do the 70/30 insurance split always!
@@MrOPM-vc6ow no you get a lease that has 15k or 20K miles per year? Have you ever leased before? And if you do go over almost every dealership will forgive it to get you into a new lease from them so…
My guy Ryan got about 10 words in the whole interview 😂 buddy was answering questions Ryan didn’t know he needed to ask. Sheesh. Those cars are crazy though 👀
How do you finance the cars? Is it through your business and you just co-sign or is it through yourself and then you transfer it to your business? Or does it just remain as a personal car that the business uses?
You need to get rental car financing through your business. If you're just starting out you will need good personal credit to cosign as well as more money down. This is from experience.
Even with these 2 businesses he can’t be earning enough to own 3 hypercars worth over $9m. He must be doing quite a few other things to make enough to buy them.
@@copedigital food chain is relatively new. Not even 3 months into it I believe. I've been a long time subscriber to them but something doesn't make sense like the main comment said..
Really funny to me all this new channels telling you how to start business and make money but yet they’re making money from UA-cam them self. Not everyone can afford to start business with Lamborghini dude show people how to start business with 1000$-10000$ stop promoting those people who already established their business and they’re looking for promotions just like you do. I can guarantee you won’t do a video with someone started a business for couple thousand dollars
@@cleveraliasTube he also says times have changed and its not possible to do it like that anymore he also says in our current economical climate the exotic car rental business is almost imposible to sustain.
Did you even watched the video? UA-cam wasn't a thing for him back then... He clearly said that from his previous job as a contractor he managed to get a Nissan GT-R (sports car) and some scooters to rent, renting the scooters he then was able to afford his first Lamborghini...
Damn, I tought Houston was making a lot more annually from the rental. Dude generates 6 to 7 millions a year but "only" 12% goes into his pocket? I guess is still a lot of money but wow
He is technically making more. You see these cars have been bought using credit from the banks. So that's where all the money goes. But once the debt has been completely paid You have like 20-30 supercars for free because it's the rental money that was used to pay for.
He probably makes a ton on the re sale of the cars. Since he essentially isn't paying for the car. Even if it does depreciate, 10 medium luxury cars might like 200,000 -300,000 each so that's like 3 million in equity.
When you figure in the cost of maintaining and insuring an exotic you won't make a dime you'll actually lose money and i know personally because I'm the owner of an 2005 Lamborghini Gallardo 👎
Love how he said he may trade it for his finished house on that chunck of land, then proceeded to say a 20k windshield costs more than most peoples cars.. this dudes on his own Dck i dont like it
Do your research people before u get into the luxury/exotic rental car business. Alot of fraud in the exotic car rental business. Insurance is very expensive like in the thousand dollar range per month per vehicle and most insurance companies do not offer coverage. If you don't believe me call around to get rates or see u can get coverage for these types of cars. 🤔
@@RyanPineda start with a GT-R or a Corvette, technically not Supercars but they put down the numbers of one. Also, Chevy or Nissan will not be even close on maintenance cost
Really enjoyed making this video with you! Hope your viewers enjoy 🏁
Thanks again!
You're a wholesome guy Houston, thanks for sharing!
I just love how honest he is about the business and how much value he added! Great video by the way Ryan 💎
Glad you enjoyed it!
Guy seems like ge really knows his business. Much respect. He’s built something very nice here…
the best way to start a business with no money is to learn high income skill and start a side hustle then convert it to a business. a fellow creator....
I wish he talked more on the insurance side, how damage is fixed and handled. That is the part i was waiting for
I rented a car from him, had to get my insurance limit temporarily increased to cover the car
Great video!! I like how to also touched on exotic car "mileage". Many exotics will hit 200k in miles pretty simple when maintained properly and also many of these cool cars can actually be daily driven and SHOULD BE. I know this to be true because I have been driving exotics very CONSISTENTLY for the last decade +.
Great Video Ryan. Always appreciate the videos and letting us fellow entrepreneurs know the insides of other business operations and opportunities.
Thank you!
props to this guy this is a tough business. They definetely have exotics on TURO here in houston we have new urus and lamborghini on turo for $700 a day about a third of the cost of the exotic car companies. My neighbor does this fulltime on TURO straight out of my condo garage here he has all the exotics parked in the garage lol
Broooo u got my dream business, I need this, I love cars 🚘
that bugatti's license plate though 🔥🔥🔥
Two super smart businessmen. Love it
Thank you!
Well done, Mr. Pineda! Appreciate your grind for helping people 👍
My pleasure!
You are definitely taking advantage of this youtube thing. SALUTE
I LOVE LIVING IN VEGAS
enjoyed the depth on this one, love it.
Glad to hear it!
Life is about balance. Thankyou Ryan
My guy Ryan got about 10 words in the whole interview 😂
buddy was answering questions Ryan didn’t know he needed to ask. Sheesh.
Ryan your a good man
..Those cars are crazy though 👀
Hello, my name is Tony from Louisville, KY. I'm the top Turo host in my city, I just started a year ago and now have over 1,200 trips, 17 cars fleet, and make over $300,000 a year! I would love to do a video with you and talk business!
Here I am asking you how on earth you started 😂 With a loan? Or how should I see it?
This is why you rent on TURO and always LEASE the cars for high mileage 2 year , this eliminates all these problems! And to get started go to 10 dealerships and get approved for 10 leases and then use them all at the same time! And AlWAYS do the 70/30 insurance split always!
What’s lease for high mileage? You mean you can lease the cars and they’ll let you put high miles on them with no penalty?
@@MrOPM-vc6ow no you get a lease that has 15k or 20K miles per year? Have you ever leased before? And if you do go over almost every dealership will forgive it to get you into a new lease from them so…
@@samanthapowell5882 no I’ve never leased before 🤷🏾♂️. But ok thanks.
@@MrOPM-vc6ow understand, but next time you want to comment about something you know nothing about it would be smarter to do research FIRST!
You can’t sub lease a car on Turo, if you’re financing the vehicle then that’s applicable but definitely not a lease
I hope no one starts a Turo business based on this guys projections
Oh wow, he's killing it! 🚀
Yeah!
This guy is super smart and knows his shit
I guess I know what I’m doing with my jet ski rental business
My guy Ryan got about 10 words in the whole interview 😂
buddy was answering questions Ryan didn’t know he needed to ask. Sheesh.
Those cars are crazy though 👀
How do you finance the cars? Is it through your business and you just co-sign or is it through yourself and then you transfer it to your business? Or does it just remain as a personal car that the business uses?
Your business. Why in the world would you use your personal credit?!
@@Life-so3wx my question is as a new business how do you get financing for a car?
You need to get rental car financing through your business. If you're just starting out you will need good personal credit to cosign as well as more money down. This is from experience.
is there a mileage cap? I keep wondering in regards to any car you use rent out- they destroy it and then what?
I rented from him, you have to get your personal car insurance limit temporarily raised to cover what you rent and it’s covered under your insurance
That was Mindblowing
houstons the goat
Yes!
Enjoyed this video, Houston is great.
Glad you enjoyed it!
Absolutely loved this video!
So glad!
So are personalized plates a bad vibe since people want to pretend they own the cars while being rented, Like RIP or business name frame?!
Fabuloso never disappoints
10% profit margin…is it worth the headache?
I love your channel !
Thank you so much!
Can you make a video of the criterias you need to get a job with you? besides having an realstate License!
10:00 of mice and men, but Houston had investors to help him a doctor was one of them
Great conversation fellas
Thank you!
Even with these 2 businesses he can’t be earning enough to own 3 hypercars worth over $9m. He must be doing quite a few other things to make enough to buy them.
Investing? UA-cam? Like anything lol Houston is smart asf from what I’m hearing… look how much money he put into his car shop…….
He owns a food chain as well
@@copedigital food chain is relatively new. Not even 3 months into it I believe. I've been a long time subscriber to them but something doesn't make sense like the main comment said..
Yeah and don't forget they're all mental lol
Definitely laundering money for the cartel
Really funny to me all this new channels telling you how to start business and make money but yet they’re making money from UA-cam them self. Not everyone can afford to start business with Lamborghini dude show people how to start business with 1000$-10000$ stop promoting those people who already established their business and they’re looking for promotions just like you do. I can guarantee you won’t do a video with someone started a business for couple thousand dollars
He explains how he started his business with scooters to make money. Should be achievable on a lower budget.
@@cleveraliasTube he also says times have changed and its not possible to do it like that anymore he also says in our current economical climate the exotic car rental business is almost imposible to sustain.
Did you even watched the video? UA-cam wasn't a thing for him back then... He clearly said that from his previous job as a contractor he managed to get a Nissan GT-R (sports car) and some scooters to rent, renting the scooters he then was able to afford his first Lamborghini...
Awesome video! Thank you
My pleasure!
I really want to get my self a corvette c8 just worried if it might rent or not want to start on Turo
I live out in the Tampa/Sarasota area
Damn, I tought Houston was making a lot more annually from the rental. Dude generates 6 to 7 millions a year but "only" 12% goes into his pocket? I guess is still a lot of money but wow
He is technically making more. You see these cars have been bought using credit from the banks. So that's where all the money goes. But once the debt has been completely paid You have like 20-30 supercars for free because it's the rental money that was used to pay for.
He probably makes a ton on the re sale of the cars. Since he essentially isn't paying for the car. Even if it does depreciate, 10 medium luxury cars might like 200,000 -300,000 each so that's like 3 million in equity.
Royalty and nothing less
Awesome!
Thanks!
Prices have dropped big time. 2800 now 1800... thats not bad for 24hrs
3:40 👈🏼🤦🏻♂️ If You don’t know what is that…We can tell that you don’t know anything about cars. 😅
so i just need to walk in with a blue watch on eh
Putting superspeeder rob to shame.
This guy makes Rob look like an amateur.
This guy is also in Vegas lol
When you figure in the cost of maintaining and insuring an exotic you won't make a dime you'll actually lose money and i know personally because I'm the owner of an 2005 Lamborghini Gallardo 👎
Thxs for your transparency 💯
Love how he said he may trade it for his finished house on that chunck of land, then proceeded to say a 20k windshield costs more than most peoples cars.. this dudes on his own Dck i dont like it
He’s a billionaire or damn close he’s very rich probably lives in a 20mill home 💪💪💪
Once
It’s unfair 😂😂😂
Do your research people before u get into the luxury/exotic rental car business. Alot of fraud in the exotic car rental business. Insurance is very expensive like in the thousand dollar range per month per vehicle and most insurance companies do not offer coverage. If you don't believe me call around to get rates or see u can get coverage for these types of cars. 🤔
Yea we ain't like these regular people 9-5 starting with Toyotas on tiro you said it perfect ryan
First!
u need to buy a super car, dude
Maybe!
@@RyanPineda start with a GT-R or a Corvette, technically not Supercars but they put down the numbers of one.
Also, Chevy or Nissan will not be even close on maintenance cost
I didn’t know Ronaldo speaks English.
Purple best hair color yet
Thanks!
As soon as you said you didn’t know what a Koenigsegg was I stopped watching lol
❤
DHH car
$5000 ceramic clay? I’ve never paid more that $1200 for the best ceramic clay job
I'm pretty sure you don't own a Bugatti Chiron
But I own a GT3, $5k for clay is robbery no matter the car
dude you hair color lol
7:30 he says he charges 10x the lambo price but the lambo you can drive and the other car you can’t. Make it make sense