Car Park Investment opportunties
Discussion
A friend is thinking of investing £40k of inheritance in airport car parking, and has asked for advice. I've suggested a few due diligence questions, but I can't find much about these investent types online, and it's not something I'm familar with. It's apparently been recommended by an IFA.
Does anyone have any info on this type of investment, or in Park First specifically?
Does anyone have any info on this type of investment, or in Park First specifically?
Edited by johnnyBv8 on Thursday 16th April 10:54
Welshbeef said:
If it sounds too good to be true the sellers telling you you cannot lose and you should buy as much as you can relax in the comfort you've not been taken to the cleaners.
Why not put in a nice loft conversion or a very high quality garden office / outdoor space. Will add value to the house if and when you come to sell but in the mean time you get to enjoy it.
Or a nice kitchen and bathroom.
Eh? I'm not sure you're responding the right thread!Why not put in a nice loft conversion or a very high quality garden office / outdoor space. Will add value to the house if and when you come to sell but in the mean time you get to enjoy it.
Or a nice kitchen and bathroom.
Ginge R said:
OP,
It's all down to context and I'm not suggesting your mate would or wouldn't make money out of this, but if it was being recommended, I'd love to hear the reasoning and justification behind that thinking!
Ha, me too - an "IFA" apparently! I said at the outset to her that I personally wouldn't touch something like this, but that I'd have a look into it. The links to the press articles above are pretty conclusive...It's all down to context and I'm not suggesting your mate would or wouldn't make money out of this, but if it was being recommended, I'd love to hear the reasoning and justification behind that thinking!
Anyway, this thread nails it in terms of why this would be a bad idea - thanks all.
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