Originally Posted by Optherion
LMAO rental income?? lmfao he has 0 rental income. The rental income goes straight back to one of those mortgages. Then he has a 2nd mortgage on his current home. Id be surprised if he has $1000 left at the end of the month right now. He needs a take home of at least $9500 a month. I would be nervous even then.
That guy can't afford that car, but I also don't think you need to take home (net taxes, health insurance, 401k) $9,500 to buy a used M3. $5,500 ish is probably enough unless you live in crazy markets like LA and NY where housing is outrageous.