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case example
Discover in this section all the case studies of investment in the real estate of parking, garage, box, cellar and warehouse.
An opportunity to become a real estate annuitant
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.
📑 Table of contents
Anna invests in a motorcycle parking lot in a big city
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.
Table of contents
- Congratulations Anna, tell us about your acquisition
- What argument did you put forth for not paying
- How did you find out about our club
- How does the first rental go
- Do you have a strategy for boosting returns
- Is day-to-day rental management easy
- Thank you for your answers Anna, we’ll let you have the last word
Congratulations Anna, tell us about your acquisition
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.