Parking Lots as Investments

[Michael Rashfal]

With the rise of ride share services like Uber and Lyft, are small parking lots considered good investments?

[Michael Le]

I don't own any so just my opinion. But I think if you get a parking lot in a good urban core area and treat it as a covered land play that would be interesting. So decent but not great cash flow now but potential for land appreciation and you can sell it or development something yourself later.