How to invest in parking lots

[Gulliver R.]

Hi BP,

I was wondering where is some good resources, books, websites, and boot camps where I can learn more about investing in parking lots?

Also, other than Loopnet where can I find some to buy?

Thank you,

Gulliver

[Omar Khan]

@Gulliver R. You could buy an existing parking lot in a good market. There's usually a problem because like @Ronald Rohde mentioned these are held as covered land plays by long-term investors. You'll have to pay a very dear price to acquire them and unless you are developing these to their best and highest use, it would not be a solid investment (all things being equal). 

BUT if you can find a parking lot asset in a solid location with good traffic - you should (like I said earlier) close your eyes and go for it. They are easy to operate and if bought at the right time/location can provide an unreal return. 

The only problem is the acquisition.