get into REI via buying garages
Hey everyone,
i am interested in your opinion on my thoughts.
I am pretty much a newbie when it comey to REI through i have read a lot about it but didn't bought anywhing yet.
I am living nearby two pretty big towns and a few smaller ones. What do you think about investing in singel garages/parking space and renting it?
You will obviously not get richt this way but imo it's a good idea to get started in REI especially if you don't have a lot money and more important expierience.
Does anyone of you have experience w/ the topic?
i guess it has it pros and cons i am just interested about your opinions :)
btw sorry for my bad english
Most Popular Reply
You can do pretty well investing in parking lots. I've had several opportunities that would have made sense. You will still need to analyze each deal to insure that it cash flows and that the revenue makes sense.
Location is very important and if parking is at a premium that can be a huge plus for this kind of property.