Parking Lot investments

[Parker Eberhard]

Does anyone on BP invest in parking lots? It seems to be a pretty easy, low risk way to make good money

[Hadley Fisher]

It’s made some families in NYC very wealthy with their garages and lots !!

It’s a great business with high profit margins

If done right and how much you pay for the land is key !!

These are somethings to ask yourself !

I don’t know the property but what’s around it ?

I don’t know if you can add Space-savers to potentially Double the number of spaces ?

I would see what the zoning is ?

Can you build on the lot later ?

Is the lot Adjacent to a major highways ?

Can you put a Billboard on it ?

Do you want to have it so people can park electric cars?

How much dose that costs to be able to park those type of cars?

Do you charge more for SUV ?

Special events ( example if your lot is right next to stadium ) Pre COVID-19 !!

Monthly parking ?

Transient parking ?

Self park

Google map is sometimes not up to date so jump in your car and drive around .

Schools

Hospital

Etc

What other garages or lots in the area are changing?

Are you going to run it your self or hire someone to managed for you ?

Hope it’s helpful and good luck !

Sorry for typos writing is not my forte !