To face the Covid-19 health crisis, several countries are entering a new period of containment. The virus is gaining ground and every government is taking steps to try to limit the spread of the coronavirus. Many of you do not know the impact of the containment on real estate. Many club members have stopped their investments while others have benefited. In this article, we will explain what you have the right to do in terms of purchase and rental management during this containment.
Not every good investor will put all his eggs in one basket. You must diversify your investments (bank, life insurance, stock market, real estate, etc…) to earn as much income as possible. Investing in stone is still the mandatory step in building a solid estate. The advantage is that there are many variants: paper stone (SCPI), studio, apartment, commercial walls, offices, retirement home room, warehouse, parking, garage or box.
We are currently experiencing an unprecedented global crisis. The coronavirus, also known as Covid-19, is disrupting our lives and causing the global economy to collapse. We must all pay tribute to the medical personnel who do extraordinary work every day.
It’s sad to say but our club has never been so busy. You have understood that this is the right time to invest ! It’s a good thing that the team members work in the office at home and some of us are on short-time work. This allows us to answer and correct the exercises in our training modules. Training courses to buy your first car parks and boost your rental yields have never seen such activity before. What a pleasure it is to see the achievement badges light up in our member tracking board. Congratulations to the motivated members, you will be a hit when the crisis is over !
Theft with or without breaking and entering a parking lot or garage has become commonplace. Do you know how many times a year your car park is visited for the purpose of scouting ? What to do in case of theft but above all how to secure access to the common car park, deter thieves and protect your garages, boxes and warehouses. This is the purpose of this article, to help you better understand the risks.
Making a first investment in one or more parking spaces requires a precise study of prices and the geolocation of the spaces. CIPG’s investors discussed whether it would be better to invest in parking lots in big city or in small town. Here are some answers to help you.
You’ve probably already experienced it: parking in the city can become a real headache. Between going around the neighbourhood more than 15 times, traffic jams at peak times, expensive private car parks… but also FPS (post-parking packages) which have already reached many motorists !
📢 WARNING : you must not use the Parkmatch application anymore
Due to numerous reports of bad experiences, we recommend that you no longer use Parkmatch services ; click here to learn more.
Presentation of the property :
We have identified a lot of 16 garages for sale. To invest in a lot of garages, you must ask the seller for a copy of the current rental contracts to check the amount of rent received but also the exact number of garages rented. Considering the exceptional geographical situation of this property, near a large city. We know that a rent around $ 93 per month and per garage is not crazy. There are few garages for rent at the moment, but you shouldn’t overestimate the rents. The income indicated by the seller of $ 1500 per month is realistic. The property tax for a 7 276 sq ft plot of land is in line with the averages observed in this sector.
The photos reveal a fibrocement roof that may contain asbestos. This is a negative point that could lead to major work for the buyer in the coming years.
Have you noticed how the seller places foot calls in his ad ? Building land in the city centre, possibility to build a house or loft…. We will study the profitability and tell you what the seller really has in mind. The elements of some ads show the intentions of the sellers. Learning to discover what is hidden between the lines saves valuable time for experienced investors. Why should an investor who wishes to buy a lot of garages not position himself on this property ?
Profitability analysis, value of the lot of garages for sale:
Becoming a real estate annuitant is the dream of many people. Today we present you with a set of garages that can allow you to drop your work ! The package presented to you offers the possibility of generating $ 5 000 in gross income per month. With a gross income of $ 60 000 per year, there is enough to stop working and live comfortably on your pensions.
The ratio between total gross income and net income is interesting because the expenses are low. Discover the profitability study of this lot of garages and became maybe a real estate annuitant.