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Updated almost 8 years ago,
Secret Passage Real Estate
Hello all,
I am new to investing and will be purchasing my first property later this year and hopefully develop a portfolio from there. Now, I am searching advice on some of my investment ideas. I am a design engineer in Wisconsin, and thought I could incorporate this into the portfolio marketing.
I have 3D designs of a few secret bookcases and want to develop a portfolio of properties (rental or other) that have some form of secret bookcase or passage. Since I designed it myself, it only costs around 300 for materials to put it together, so not a significant investment. I think that this may draw attention and traffic to my website or advertisements during vacancies. This would hopefully payoff quickly because my vacancy time would decrease. These secret bookcases or passages may range from simply having an in-wall mini bar or secret closet all the way to a panic room.
My main reason for doing this is that it will drive interest to my properties and advertisements as portfolio increases. I suspect that this will give me more applications so I can select the best tenants. Another minor benefit is that if I were to sell it in the future, it would be a way to attract buyers.
What do you think about this venture and concerns on this type of investment? All comments would be great!