Results of your property investor profile test

You are a cautious investor

The result of the test indicates that you are a cautious investor. In other words, you need reassurance before buying a property. Our club members have put together a few tips to help you make a success of your property investment !

Turn to car parks and garages

Give priority to covered parking spaces and garages. You can also look at cellars and storerooms if you live in a large city.

A warehouse, shop or commercial premises can be a good alternative for diversifying your property portfolio. However, experience within the club shows that cautious investors need support and reassurance before investing in this type of property. If you are interested in this type of property, we strongly recommend that you pay the membership fee to join the club, so that you can benefit from invaluable help before taking the plunge.

Buy a site lot

In your situation, the most suitable investment to minimise risk is a plot with at least 4 parking spaces (car park, garage or lock-up garage). Why four ? Feedback from our members shows that this is the minimum number of parking spaces needed to balance the notary’s fees with the property’s profitability. A single garage or a lot with fewer than four units is harder to make profitable. This investment will be too risky for your investor profile. Our aim is for your project to be a success, so that you can go on to make other investments in the future!

Big city or province ?

The most important criterion is the location of your future acquisition. Forget the heart of the big cities straight away; your current experience does not allow you to invest without risk in this sector. There are a number of subtleties to big-city parking that can quickly turn into a trap and turn your purchase into a nightmare… If you really want to buy near a major city, you should opt for the inner suburbs. The ideal solution is to find an experienced sponsor in our club to support you on a day-to-day basis !

Geographical location suited to the product

We advise you to choose a town centre or a high-traffic area. Take the time to analyse the parking spaces and the competition in the vicinity : public car parks, lots of garages in a building, furniture storage companies – in short, all the possible competitors in the area. There are three types of property you can target : parking spaces, garage boxes and warehouses.

In the first case, you’ll opt for a covered car park in the heart of the city. A location close to shops and far from public car parks. The initial investment will be lower for parking spaces. The location must be perfect to make money; use our free simulator to assess the value and rate a property.

The second type we recommend is the box-type garage. In other words, a set of garages on the ground floor (not underground) with no dwelling above, to be used for storage and furniture storage. The current rental business is business storage . People have less and less space available and have to turn to places to store their belongings, which will guarantee you a good occupancy rate. What’s more, businesses and tradespeople are often looking for places to store equipment.

The third type that could be on your shopping list is storage units. The advantage of this type of property is that it can be used to winterise vehicles (caravans, trailers, club cars, lorries, boats) and store furniture. This product is rare on the property market, but it does exist ! More and more companies are becoming franchisees of the big names in the sector. Disadvantages : the prices offered to tenants are very high. That’s why private storage solutions are exploding. Coming back to the warehouse, it should be located close to a main road for easy access by large vehicles. Choose a simple access route so that your future tenants don’t have to manoeuvre to get to the premises.

The benefits of our property niche

Before we get to the heart of the matter, you need to know what you’re getting into. Let’s take a look at some of the advantages of the niche property market of car parks, garages, cellars, sheds and premises, and lay the foundations for our next tips.

Have you thought about niches within niches ?

Unfortunately, your profile is the most common on the property market. We received over 5,000 responses to this test, and 82% of you are cautious investors – that’s 4,100 people out of 5,000… We’ll come back to this later.

You’re going to have to differentiate yourself from the competition and perhaps think about exploiting other areas of the car park niche. Here are a few ideas : parking is the basic activity, but have you thought about furniture storage, luxury vehicle storage, motorhome and caravan winter storage ? These are just a few ideas to broaden your field of vision, and we have other strategies to show you !

Avoid all traps

Many garage lots built in the 70s and 80s are currently coming onto the property market, with ageing owners keen to sell quickly. But it’s vital to avoid buying a property with a fibre cement roof that may contain asbestos… This is the main pitfall of old plots : if the local council orders it, the cost of repairing the roof will reduce your profitability and could even put you into debt ! And don’t forget that you have to carry out an asbestos inspection every 3 years… It’s possible to embark on a re-roofing project, but don’t forget to factor in the cost of the work when you buy the property.

Ideally, you should also avoid buying a condominium, even though this type of property is rare, and there are still lots for sale on the property market. The monthly managing agent’s fees and any works that may be voted on could reduce your income… At a co-owners’ meeting, the share of a garage lot may represent only a small amount compared with a group of flats, so if a major works decision is made, you won’t be able to block the expenditure.

There is still a very long list of pitfalls to avoid, but there isn’t enough room in this section! But don’t worry, if you really want to invest in property, you’ll have access to all the information by joining our club.

Let’s talk financing

Your personal contribution must represent at least 30% of the total amount of the investment for a bank to lend you money more easily. The problem with car park property is that banks are reluctant to lend you money for this type of product, even though it is the most profitable! You have to prove to your banker that you know how to manage this type of product. The main risk for the bank is rental vacancy: if you don’t manage to rent and manage your spaces properly, you won’t be able to repay your loan.

Fortunately, the members of our club are used to convincing bankers, and we’ve put together a module to help you prepare a solid presentation file and put together an effective sales pitch to help you obtain a loan. There’s still plenty of advice on how to finance your property projects, but we’ll keep it for the most motivated people. Not yet a member of our community ? Then join us !

Are you a real investor ?

Your profile is that of a cautious investor, but are you really ready to invest ? That’s the key question that will determine whether you’re going to walk away or really invest and create passive income with real estate. Being ready to invest means that you have the desire and motivation to create additional income. To find a profitable property, you need to devote time to mastering and understanding the property niche.

Our club has all the tools you need to make your project a success. Unfortunately, we can’t visit and find a property for you! So if you’re not sure you want to invest, don’t waste your time.

Let’s see the figures

We isolate the cautious investors from the 5,000 responses to this test, which represent 82 % of those surveyed. Of the 4,100 cautious investors, like you, 76 % said they were sufficiently informed. It’s true that several sites deal with the subject, but the content provided free of charge represents only a tiny fraction of business models. So we have 3,116 people who believe, wrongly, that they are well-informed and have therefore mastered the car park and garage property niche. Why wrongly ?

We’ve been carrying out this investor profile test for over 7 years. The figures speak for themselves:

• of the 984 cautious investors who feel they still have something to learn about real estate, 70 % bought at least one property in the 2 years following our survey. We are proud that 98 % of them have joined our club to share and benefit from the experience of others.
• of the 3,116 cautious investors who think they are well informed, only 7 % bought a property in the 2 years following our survey. Only 3 % have joined our club.

💡 Did you know : 100 % of investors who don’t take action, get no rental income and watch others make money.

We talk a lot to people who call themselves investors. I can guarantee you that anyone who thinks they know it all doesn’t know it all. It’s very difficult to master all the subtleties of the property niche, and a car park expert is not a garage or furniture storage expert. The latter never invest or fall into traps that don’t generate good property income… Many of the club’s experienced investors don’t claim to be well-informed, because they know that there arealways things they can learn to improve ! Which is a good thing for you, if you’re a real investor ?

Our club’s advantages

• the only community platform specialising in the property niche.
• A dashboard to monitor your progress and your knowledge.
• Personalised support from property search to signing at the notary’s office.
• Several document templates and ready-to-use profitability simulators to save you time.
• A discussion forum open 24/7 to get all the answers to your questions.
• Support to help you boost your rental yields.
• An online rental management module to simplify the administration of your properties.

What will you do now ?

Let’s face it, you need help, advice, support and even coaching to make a success of your property investment. The strength of our club lies in the wealth of experience of its members. How can I learn at a lower cost ? You can buy training courses or books, but that won’t answer your questions when the time comes. By joining our community, you’ll be able to talk to a group of investors who, like you, are looking for this type of property; but above all, you’ll benefit from the invaluable advice of our experienced owner members !

💡 Did you know : Level of information makes all the difference between a cautious investor and a successful opportunist generating passive income. Take advantage of the experience of investors in the club !

Above all, don’t waste the time of our community members. Many of you want to exchange ideas or get free advice from our team. How can you be credible as an investor on the market ? If you can’t invest a few euros a month to join our club. If you don’t understand the benefits of our club or what we can offer you, you’re definitely not ready to invest in property.

Now you know how we select the investors in our club. Charging a membership fee ensures that we keep only the most motivated people who will really help our community move forward. Our club provides its members with all the tools they need to exchange ideas, communicate and make a success of your property projects. But never forget that you must be the driving force behind your future, so get started, ask your questions, our club is here to help you and answer all your questions.