Capital Required to

There is a general notion that in order to buy a commercial property, you have to be a very wealthy person, while more modest means will suffice to buy a residential property. While in general this may be true, we have already seen in Chapter 8 that it is possible to buy a viable commercial property for 59,000 that has all the advantages of any commercial property. So long as people think that commercial properties are expensive, then you will have little competition looking at small (low...

The Humble Carport

One of my favorite examples of how to increase the value of a property way beyond the cost of the execution concerns a carport. Imagine you have a residential investment property that has neither a carport nor a garage. The tenant's car must be left outside in the rain, snow, and sun. Surely it is reasonable to assume that if you were to provide a carport with this property, the value to the tenant would go up. Now I know from experience that in many parts of Australia, New Zealand, the United...