A great business for serious people is investing in auto real estate. Any person at any age can do it. If you have a small start-up capital and you want to invest it profitably, then there is an interesting business that can be developed both in the main and in an additional direction of entrepreneurship - garage: purchase and sale, repair and construction, real estate brokerage and rent.
It is necessary
- - start-up capital.
- - garage cooperative.
- - list of development directions
Instructions
Step 1
In order to engage in the garage business, you must have at least some kind of auto real estate in your asset. Therefore, when starting from scratch, you will need start-up capital in the amount of the cost of one garage. Real estate, in any form, is growing in value. Residential and commercial as well as auto real estate are getting more expensive every year. Renting garages too. You can make good money on this and create active-passive income.
Step 2
And so, you decided to start a new business for yourself, where to start? Look for a garage cooperative in your city with relatively low annual fees. This is very important, as it will be the main item of your expenses, apart from investments in the purchase and repair of garages. There are several garage areas in an average city. Each of the latter has at least 100 garages. In general, your task at this stage is to become "your own" - to become a member of a garage cooperative.
Step 3
List of directions for the development of your garage business:
1) Purchase and sale.
2) Rent of garages.
3) Repair and construction.
4) Garage realtor.
You can choose one thing or combine everything together.
You can do everything yourself, or find helpers. Optional.
Step 4
Purchase and sale. We find an inexpensive garage. Usually these require repair. And after evaluating all the pros and cons, you either buy it or look for another. Sometimes you come across good garages that do not require additional investments. And then you just put it up for sale. Sell and get your profit.
Step 5
Rent of garages. If the cost of garage dues allows you to rent out your garage profitably, you can create excellent passive income. Sometimes a garage generates additional income for many years, pays for its cost and already brings a net profit. Rental profitability is not high - 20-30% profit per year. But if we have to choose between a deposit in a bank and car real estate, then I’d better choose the latter.
Step 6
Repair and construction. Some garages have to be repaired, others completed. You will do something yourself, hired workers do something, but the main thing is a useful experience in building garages. And here you can already organize an additional branch of your business. In the garage areas there are a large number of dilapidated buildings, the owners of which are not averse to repairing them. Usually this:
1) The roof is leaking.
2) The gate has settled, it is necessary to raise it.
3) Make a wicket at the gate.
4) Put the inner lock.
5) Replace the rotten floor.
6) Water in the caisson.
7) Make an inspection pit.
8) Build up the walls.
9) Replace the gate.
Experience shows that for various reasons, owners cannot do it themselves. Either there is no time, the age is not the same, or they simply do not have the skill of a builder. Therefore, you post an ad on the board in your garage cooperative, advertise on the Internet. And doing your own thing, along the way, repair garages for your neighbors in the array.
Step 7
Garage realtor. This direction brings a small one-time income and is usually of an ad hoc nature. If you know someone who wants to sell a garage, you can set him up with someone who wants to buy. And you get your commissions. And if you are looking for inexpensive garages for yourself, you will have a whole database of sellers. Keep records, write down all phone numbers of owners, garage numbers. You can even take a photo of the garage facade and make a kind of filing cabinet. In some cases, this can be very useful and convenient.
