Hey wat u guys think about car park investment. In city melbourne about 7% return, safe, minimal outgoings and positive cashflow from day 1, “renter” pays all outgoings and have long leasing periods. Also possibility of small capital gains. Sounds OK but not fantastic. Still quite good considering the current rental vacancies, low rental returns. If you want high rental returns for rural properties, risk is also higher and potential for headaches with difficult tennants and long distance travel if something goes wrong.
I own 3 rental properties with overall positive cashflow and its now difficult to find positve cashflow props within 50 kms of the CBD.
So what do you guys think about this potential. Feedback from anyone with experience in this area would be of great help.
Also, STEVE what you reckon mate
Hi fjficm,
Im not much help on this one, but if you do a search on the Treasure Chest forum/threads. You will find plenty of info about investing in parking spaces.
Cheers,
sisI’m kind of interested in your idea, but it is pretty hard to find one available for sale.
Warm Regards
ChanDollars
[Keep going, you’re nearly reach the end of financial freedom]SIS – I thought you said yesterday were going to change your ways… Only 52 to go (at the time of writing).
Hi Rubbachook,
dam, its too hard to make a response that Mel cant answer too, instead i might just make better responses than Mel… [:o)]
Though shes too smart for that… hmmm, [
]Cheers,
sisOh SIS, comps over – I won. Let’s move on [
][][][]You often make better responses than me – our knowledge bases are very different, so it’s good that in some cases you know better, and in others I do – that’s how we can make that team work. Remember, you Steve, I Dave.
Cheers
MelOh Mel,
i remember [
], so are we still going to write our book? lol, your a faster typer than me… []Cheers,
sisHey SIS, I know shorthand too, so you can dictate it to me, and I will type it up – or we can use the story you’re making up this week, and expand on that[
]Cheers
Mel
]
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