Why I Buy Parking Slots Instead of Condos
No Toilets. No Termites. Just Cash Flow. Everyone wants to be a landlord until the tenant calls at 2 AM because the toilet is broken. If you want Real Estate ROI without the headache, look at the most ignored item in the auction catalog: Parking Slots. H2: The Supply/Demand Gap Metro Manila has a massive […]
No Toilets. No Termites. Just Cash Flow. Everyone wants to be a landlord until the tenant calls at 2 AM because the toilet is broken. If you want Real Estate ROI without the headache, look at the most ignored item in the auction catalog: Parking Slots . H2: The Supply/Demand Gap Metro Manila has a massive deficit of parking. Condo developers often sell units without parking. Years later, those unit owners are desperate. Banks foreclose on parking slots separately when owners default. The Numbers Auction Price: ~PHP 600k – 800k (Makati/Mandaluyong) Monthly Rent: PHP 5k – 8k Maintenance: Zero. (Maybe sweeping dust once a year?) The Micro-Monopoly You can buy a parking slot for the price of a car, and it will appreciate in value faster than the car. It’s the perfect entry-level bid.
