Our club
CIPG club is a community of mutual aid for people who want to invest in a profitable and healthy real estate niche. This community also gathers owners, real estate lessors having one or more properties of type: parking space, garage, box, cellar, warehouse, container, local, store … You will find in this category all articles related to our club.
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A year in review and plans for 2024 : a word from the club’s founder
Club members, log in to see the full report.
The whole CIPG club team joins me in wishing you a happy new year in 2024 !
The year 2024 is shaping up to be a difficult one, with cost-of-living increases running amok. Lending rates, which have never been so high, are holding back most investors, even though this is precisely the best time to invest in property. Fewer buyers on the market means less competition and more room for negotiation for those who want to invest. In this difficult environment, it is very important to diversify and create additional sources of income.
On the personal side, I proudly boast a 100% occupancy rate for all my properties. On the professional side, I’m starting this new year with a number of uncertainties, but I’m remaining serene thanks to property, which provides me with an additional income that reassures me in the event of a setback. As you know, I’m still looking for a new building to develop my storage and vehicle wintering business.
My partner and I have a number of issues on the table, and I’m confident that we’ll be able to grow our non-trading property company in 2024. I’ll soon be explaining a new strategy aimed at boosting our income and I’ll be telling you about a new warehouse that we want to acquire. Negotiations will take place in 2024…
The CIPG club has reached its 10th anniversary, and we’re embarking on our 11th year of existence with a number of projects and a wonderful, respectful and caring community. I’m now going to move on to the main topic and give you an overview of the year 2023, not forgetting our objectives and plans for 2024. If you’re a member of the club, log in to see the full article.
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Year in review, 2023 projects : a word from the clubs founder
Club members, log in to view the full report.
The CIPG club team joins me in wishing you a wonderful year 2023 !
On the personal investment side, I took the time to boost the rental yields of my old garages. Some rents were not up to the level of the proposed service and well below the market price. I still maintained an aggressive pricing strategy on a lot of 7 parking spaces for which I am aiming for a permanent 100 % fill rate. I still haven’t found a new warehouse to expand my business model of storage, warehousing and winterization of vehicles. It must be said that the price of premises in good condition has soared this year and the increase in credit rates force me to find a smaller premises to finance it with personal finances and without a mortgage. With my partner, we have studied solutions to reorganize and expand the current space of our warehouse to accommodate even more tenants. I will soon provide you with a complete explanation and figures on the forum.
Nothing has really changed during this year, the properties intended for housing that we hold with my companion, are always time consuming. Their profitability is quite average compared to the rental investments we have made in the real estate niche. But the houses remain another source of complementary incomes, it is the strategy of diversification that we decided and from my point of view the real estate is so vast that it is necessary to have a little of everything so that a patrimony is effective in the time. Enough about me, we will now see the balance sheet of the club, since this is the purpose of this article.
10 years since our club exists, what a journey we have made in the last few years! I recently had discussions with some of the historical members of the club, the evolution of our site is incredible. If someone had told me 10 years ago that our community would be so big, that we would develop tools such as online rental management and accounting. I would like to thank the members of the volunteer team who help me so much. Thank you also to all the members for making this community live and grow on a daily basis, it is above all your success and thanks to you that we are still here 10 years later to help and accompany you.
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Year in review, 2022 plans : a word from the club’s founder
Club members, log in to view the full report.
The entire club team joins me in wishing you all the best for the year 2022 ! In spite of the current difficult context with the world pandemic, I hope that you have been able to realize your projects. For my part, I have devoted myself to boosting my various rental investments. I did not take the time to buy new garage lots because I managed the construction of my new main residence. I will try to free up some time to invest even more for our club in 2022, on the real estate side, I am still looking for a warehouse to make another winterization center for vehicles and storage, since this business model is working well. Enough about me, we will now see the balance sheet of the club, since this is the purpose of this article.
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Real estate and reconfinement : what can you do ?
To face the Covid-19 health crisis, several countries are entering a new period of containment. The virus is gaining ground and every government is taking steps to try to limit the spread of the coronavirus. Many of you do not know the impact of the containment on real estate. Many club members have stopped their investments while others have benefited. In this article, we will explain what you have the right to do in terms of purchase and rental management during this containment.
Event : tour of the CPg company’s warehouse
This investment project started two years ago, club members have a totally crazy goal. They want to buy a warehouse to launch several activities and create additional income. Discover the story behind the birth of the project by reading this series of articles.
Many of you have asked for news about this project and the possibility to visit the site. After a year and a half of operation, the warehouse is profitable. The cash flow generated covers expenses and credit repayment. The business model applied by Christopher and Philip is working, it’s the perfect time to present it to you !
Review of the year, plans for 2019 : the word of the club’s founder
I hope you had a great Christmas and New Year. I wish you all the best for this new year and wish you all the best for a successful year in your real estate investments. Hopefully 2019 will be your year !
In 2018 : the great turning point
The year 2018 will remain in our memories as a major turning point for our investment community as we have passed the 1000-member mark, and I thank you for your renewed confidence and loyalty. Since its launch in 2013, our collective has grown from year to year, with a cumulative experience of 811 locations to date.
The membership renewal rate is currently 94%, we lost a few members this year. The experience of previous years shows that the majority of members who leave us return the following year to deepen their knowledge, learn more and share their experiences with other members.
After 5 years of existence, I had the pleasure to discuss with the members on the vast subject of “how to improve the community website? “That’s why in July 2018, I decided to reinvest all the member fees, i.e. $ 5.960, to create a new website with a new look, more design, more up-to-date, easier to use, more pleasant to read, with of course equivalent content and improvements in the quality of service.
Parking Garage collective becomes CIPG
Why this change ?
Since September 1, 2018, the Parking Garage collective has become CIPG : the Club of Investors in Parking lots and Garages. It has now been 6 years since our community was created. Our progress is such that we had to do something. Indeed, this year again we welcomed 30% more members, which is why I decided to stand out. With almost 100 investor members, our community needs to evolve to better meet your expectations and support you in your projects.
It is high time to reinvest the money from your contributions in good use. The members of the club’s team did not take any holidays this summer, to prepare you for the brand new platform for exchanges !