500% Return in 50 Days

[solidoakreturns]

Goal: Maximize Return on Investment (ROI)

Strategy: Rent out Storage Units on the Property of a Triplex and then Sell Triplex with Storage Units
a) Tear Down Old Garage
B) Pour Concrete Pad
c) Install Quantity 3 5 feet x15 feet Storage Units
d) Rent Each Unit at $100 per Month

Calculation:
$100 per month x 3 units x 12 months = $3,600
$3,600 x 10 = $36,000 in Appreciation
Note: An investor would pay an extra $36,000 for a property if the property had an extra $300 per month cash flow.

Question: HAS ANY ONE DONE THIS BEFORE? Can you email me at:

[email protected]

Concerns/Solution:
1) Allow to build storage units? / Apply for building permit at city
2) Insurance cost high? / Call Insurance Broker
3) Can you get storage unit renters? / Run add for 3 Free Months Storage at $100 per month. 1 Year Contract. Doing now.

Any other concerns and suggested solutions.
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[DonCampbell]

Sounds great in theory, however the key problem and the reason we don`t all just do that is the zoning of the property. I think, once you check with the city, that your business won`t be in the list of `allowable uses` for a residential property.

So even if you don`t care and go ahead anyway, the city can walk in at anytime and shut you down thus making your investment a large waste of time energy and money.

Action Step: Check with the city planning department to see what you can do on the property.