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  • Profile photo of michaelfmichaelf
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    @michaelf
    Join Date: 2005
    Post Count: 2

    Thanks for the feedback Junkers.
    No I’m not kidding, just looking for some helpful advice from people with much more experience than myself and we all have to start somewhere.
    This is one scenario as to why people pay top dollar for renting transportable homes in caravan parks. Caravan park transportables are popular throughout Australia’s mining communities. The tennant pays the rent while the landlord pays the weekly site fee(no coucil rates, water rates, etc just the site fee) meaning the tennant doesn’t need to worry about electricity bills, water rate excess, looking after the backyard, etc. Most of the tennants are high income earners, work long hours and for example, one month on, 2 weeks off returning to their own place of residence during their break so it makes good sense for them to keep it simple and not have to worry about maintaining a larger home with gardens, etc? Note – they still pay the rent when they’re not living there during their break. You still don’t own the land but the maths says that there’s passive income to be made. Rental demand is high in these communities and vacancy rates are low because of the demand. I’m not experienced enough to say whether these are opportunities worth pursuing but it looks ok on paper and I was just looking for some advice from experienced investors. Does this make any sense and if so what are your thoughts?

    Cheers
    Mike

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