Pejman Ghadimi
speaker
891 appearances
3 recordings
3 series
first heard Sep 2016
last heard 19 Jan
Pejman Ghadimi’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.
Appearances
you said something and i want you to look at this camera over here okay and explain why are leases a huge scam okay so leasing is a huge scam because you're buying the worst depreciating cycle of a car what that means is when you go do a lease they give you a down payment and they give you a monthly payment and they tell you that monthly payment can be taxed written off so it makes sense for you to buy that car
The problem is if you do the math on the down payment and all the fees you paid by the time you own the car and the mileage you put on, this will tell you that over the course of the three years, two years, or 12 months you own the car, you lost, for example, on a Lamborghini anywhere from 20, 30, 40, 50 grand, depending on what kind of car you bought. So think about that.
You drove the car with limited number of miles, 2,000, 3,000 miles, whatever, over the course of three years, and you lost 50 grand no matter what. Now, at the time...
the actual car is bought back by lamborghini it's worth more so you turning in the car makes the car worth more today because of the mileage being low and on the used market the car only depreciated 10 percent his first year but your residual was like 30 percent less so You gave up all this money and the manufacturer remakes the money.
So basically they're guaranteeing volume out of cars by creating a bunch and they're putting them out in the market and you're buying the worst depreciation cycle disguised as a tax write-off and disguised as you don't really have an issue with any kind of like maintenance or repairs. So that's why you want to get a lease. Most cars today are made with Bosch parts.
Very few Lamborghinis break down, very few Ferraris break down if they're driven properly. So while most people believe exotic cars constantly deteriorate, depreciate, break down, that isn't true. And most real owners will tell you they can drive plenty of exotic cars without ever having an issue. But lease companies have worked very hard to disguise this idea that a tax write-off is better.
And if you think about it, if you lose 50 grand in your write-off and that means you lost 30 grand instead, It still means you lost 30 grand. I will teach you to drive the exact same Lamborghini and lose five grand. So the argument is what's better that you didn't write off the five grand you lost or that you lost 50, you wrote it off and it ultimately netted you 30 loss.
So we teach real estate in a very different manner. We don't really teach real estate investing. There's people that are probably better at that than I do. I don't really look at it from a sense of like, which houses do you buy, create income or anything else?
Because I'll tell you this, in the game of watches and cars, we make so much money off of such little capital and no leverage needed, no bank loans needed, no bank ties, no need to take out a $10 million loan to get out of that $20,000 a month in hopes of blah, blah, blah. We don't really think that's a viable strategy in wealth creation.
And we think that it was a viable strategy 10 years ago because these other alternative markets didn't exist as much. Where I think there's a huge opportunity for people to play in real estate no matter what. Like I'm a big proponent for owning your own home, owning your own office, like buying commercial and residential estate, as long as it has utility.
which means that there's a lot of opportunities in buying commercial real estate where you can build a really good business out of it instead of just renting it out and leasing it out to someone else. I think taking on so much leverage to create such little income with so much problem in between if something happens is just too high of a risk when you have other alternative ways of making money.
So what we teach is how to select homes or commercial buildings in areas that are likely to have accelerated appreciation based on changes of demographic over the next, let's say, six or 12 or 24 months, and therefore putting you in a position where you can buy a building and ultimately let it keep going up in value, use it for your business, and then choose to get out of it.
Like I'll give you an example of my own unit. I bought myself an 18,000 square feet location in the middle of Boca Raton. And Boca Raton is a very hard place to find good locations for car storage and things like that. So I wanted a place to house my 35 car collection. And I was like, this is impossible to find here.
So it literally took me a year, but when I found the building for $5 million, I immediately bought it. I renovated for 500 grand, and I'm using it as my office. I have gotten probably about 15 to 20 offers to sell that building for $7 to $10 million within three weeks of moving in all the way to today because these type of buildings don't exist, meaning they're very hard to come by.
So it's almost the same thing with my personal house. So like I bought this 10,000 square feet house with a 10 car garage and no one has that anywhere. And it's brand new and it's like this crazy design building. So when you buy stuff that's really exclusive, hard to get and unique in nature, they typically target a very unique buyer. So it's not as generally exclusive.
for everybody because it doesn't fit within like what the evaluation or the appraisals of a building are but if someone has a 35 car collection or a 20 car collection and they have nowhere to put it they're not so much looking at what will the bank appraise this building at they're like if i don't buy this building i don't have a building so that's what we teach people how to get ahead of that
so i think there's a couple of things there so i'm not a personally actually this is a good discussion because i'm not a huge charity guy either and i'll tell you a little bit about why i'm a big believer that you directly impact your community in the ways you can do your best and a lot of times people try to change that by donating money instead of actually participating and i think there's a lot of participation that can be done in every community globally
where participation, in my opinion, holds more weight than donation. So I think donation is a good form when you can lack participation, you don't have time to, and you want to support a cause. But generally speaking, I'm a big proponent for participation over donation.
The easiest way to get more information if you want to just learn how to park assets instead of spend is to go to learnfrompj.com. Super easy place where all my books and courses are available for anyone that wants to learn. We've been teaching since 2007. Yeah, it's quite a long time. Most of my platforms have been around since then. A few new ones come in.
We'll teach you everything from cars, watches, art, even travel, how to lower your cost with points correctly. But everything's at learnfrompj.com.
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