12/08/2026
Got an attached garage built after 2000? You might be sitting on a goldmine.
We recently converted a garage in Flatbush into a self-contained space — bedroom, bathroom, living area. Total cost: $150,000. It now rents for $500/week — that’s $25,000 a year in income, against just $7,500 in interest.
That’s not just extra income — you also increase the value of your property and build more equity to invest again.
Andrew Ardern from Loan Market Howick structures these with a revolving credit facility, giving you a 6-month buffer while you find tenants. Worst case covered. Sleep easy.
Contact us to find out what your garage could earn you — FREE, no obligation.