Can you still make real money renting cars in 2025, or is the Turo wave fading? Join Russ, Joey, and Ernie as they examine the current state of the Turo car rental business, weighing the benefits, red flags, and real-life profitability of this investment strategy.
From rising maintenance costs and vehicle depreciation to leveraging the platform’s growing demand, the guys break down what it takes to succeed and who this model is really for.
Whether you're curious about Turo as a passive income play or if it aligns with your Investor DNA, today's conversation will help you decide.
Top three things you will learn:
-The basics of car-sharing
-Depreciation, maintenance, and ROI
-Does Turo fit your investment strategy?
Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.
This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.
The hosts may have a financial interest in the programs or services mentioned in this episode.
The Self Storage Investing Podcast:
-https://selfstorageinvesting.com/our-podcasts/
Create a Six-Figure Side Hustle in Peer-to-Peer Car-Sharing:
-https://wealthwithoutwallstreet.com/cars
Turn Active Income Into Passive Income:
-https://wealthwithoutwallstreet.com/pios
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The Land Geek:
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How to Buy Online Businesses for Profit:
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Invest With Your Friends and Family:
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Know Your Investor DNA:
-https://wealthwithoutwallstreet.com/investordna
The Infinite Banking Concept Explained by a CFP:
-https://youtube.com/watch?v=sVuexMv6Kf4
Becoming Your Own Banker by Nelson Nash:
-https://infinitebanking.org/what-is-infinite-banking/becoming-your-own-banker/
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