Probably a stupid question but would it work?
- Thread starter james110
- Start date
Back in the 90s we were getting around $100 a week. It went towards the mortgage.
Keep your eyes peeled for caravans at auctions, including accident damaged ones (you only need to tow it there and keep it parked for a few years). I once bought a massive 3 room caravan for just $3000, it was formerly owned by the Surveying Dept and was built to take hard knocks. Awfully hot in summer though.
Good luck in taming your mortgage. Mate, I've been there and know how you feel. Sometimes we need Yield, no shame in that.
May your investments go well dude.
You could build a shower and toilet in the garage (if you have one).
This could work,not sure about the toilet. though.http://www.ebay.com.au/itm/17-1985-...aravans_RVs&hash=item1e7d502d01#ht_1946wt_958
options : port a loo (this will eat into your profits)
allow tenant to use your toilet
put a garden shed directly over the sewer line and connect a toilet
Perfect! These caravans with an inbuilt shower and toilet are pretty rare. Grab it mate. It's cheap! I am guessing but in WA or the NT, you could get $150-$200 a week renting this beauty out.
You will probably make a few bucks on the caravan, as I did, when you get tired of sharing your land with friends and its time to sell.
Another bizarre idea. One of my friends in Darwin lived in a 12m yacht that was parked on a mate's land. They don't need to be seaworthy either. Of course you will need Council permission to park a yacht on your yard but, back in the Darwin of the 90s, it was easily done if you had a large block.
If you're using a caravan as a permenant residence I would be tempted to try for one a little bigger (after all the main disadvantage of bigger caravans is when you tow them).
I have been tempted to investigate transportables as granny flats (although I would try and get it approved by the council - I suspect they don't like transportables). That way when I finally decide the time is right to develop the site I just move the transportable onto the next property. Beats having a 100k granny flat that has to be demolished one day.
As mentioned by someone else if you can get a caravan with a toilet/shower built in thats half your issues sorted - just run semi permanent water/sewage lines to the caravan. Even if you need a plumber to connect/disconnect the caravan when the time comes to move it, it would be worth it.
I have been tempted to investigate transportables as granny flats (although I would try and get it approved by the council - I suspect they don't like transportables). That way when I finally decide the time is right to develop the site I just move the transportable onto the next property. Beats having a 100k granny flat that has to be demolished one day.
As mentioned by someone else if you can get a caravan with a toilet/shower built in thats half your issues sorted - just run semi permanent water/sewage lines to the caravan. Even if you need a plumber to connect/disconnect the caravan when the time comes to move it, it would be worth it.
Get a shovel, gloves and some PVC pipe. As far as I know, you don't need a plumber for sewage connections. Why pay a grand for work that you can do in a weekend.
Why not buy a caravan park for like 400k and rent it out with permenant tenants for like 30% yield and clear $50kpa cashflow?
People want to live permanently in a park??
You betcha. Often the trailer parks are in very nice places: near the beach, for instance. The permanents are not in caravans, but in re-locatable houses.
Why not buy a caravan park for like 400k and rent it out with permenant tenants for like 30% yield and clear $50kpa cashflow?
Nathan you are renowned on this forum for doing the impossible.
But where can we find a caravan park for $400,000? I've looked into it as a land banking exercise but had no luck.
