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parking lot, garage, box, cellar, warehouse, shed, store room…
The investor’s area contains a large part of our advice. Find our articles to help you succeed in your investment in the real estate niche grouping the properties of type: parking space, garage, box, cellar, warehouse, shed, container, local and store… Take the time to look at our strategy articles which present you business models that really work.
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When looking to invest your money, you need to explore all avenues. In the field of investment in parking, we have not yet discussed the purchase of a parking space in a concession. We are going to take the example of the number 1 parking lot concessionaire but also present you the feedback of small owners.
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 !
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.
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 ?
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.
Knowing how to estimate the sale price or the rent of your car park is very important, but for this reason a few parameters are important. Indeed, each car park has its own specificities, which complicates the estimation and makes the study difficult. This step is essential to have a good positioning on the market in order to find the right tenant or buyer.
You must understand that the price depends on the market, more precisely on local supply and demand. This differs according to the particularities or characteristics of the site to be rented or sold.
I have finally acquired my 12 spaces for two-wheeled vehicles. Ideally located in a big city district, in the basement of a building guarded and placed under telesurveillance.
It all started while I was browsing through the classified ads. I saw a classified ad that had just been published about this lot of twelve parking spaces for two wheels. Interested, I contacted the owner to visit the property and the next day, I got an appointment to visit it. The visit went well. I liked the pitches, the neighborhood as well and I thought there was a possibility to do something good with this parking lot. So after some calculations and some time to think about it, I made a proposal to the owner. We managed to come to an agreement.
And on Monday, I signed the purchase of my parking spaces. However, I would like to share with you an interesting experience that took place at the notary’s office. I visited this parking lot in March and committed myself to purchase it ; by registered letter with acknowledgement of receipt from the owner at the beginning of April in accordance with the instructions of the notary. On Monday 15 June, I went to the notary’s office to sign the sale. At the time of the signature, the notary turned to my seller with whom I had had a very cordial relationship for months and said to him “let’s start with the things that annoy !”. My seller immediately says “yes, by the way ; I don’t want to pay for this bill because I won’t benefit from it”. I want the buyer to pay”. Needless to say, at the time I didn’t understand what was going on.
In fact, it is electrical work voted by the trustee of the building in which my sites are located. These works have been voted since the month of March, my owner was therefore. Of course, aware of all this and was careful not to let me know and waited until the last moment because he had no choice but to let me know that the owners would each have the modest sum of $ 2,500 to give for these works. On the day of the signing, he tried to do everything he could to make me pay this salty bill.