6min chapter

The REtipster Podcast | Real Estate Investing cover image

What No One Tells You About Investing in Parking Lots, Garages and Structures w/ Kevin Bupp

The REtipster Podcast | Real Estate Investing

CHAPTER

The Risks of Buying a Parking Lot

St. Louis' Children's Museum is a major attraction in downtown St. Louis, but 88% of the parking demand for this lot was a direct result of the museum. The city just went through one of the biggest economic booms that we've seen for decades and there wasn't a lot of cranes in here. And so if something were happening with parking, you know, what does plan be? If it doesn't look like there's a lot of economic development happening in downtown, then what the hell are we going to do with the surface lot?! It becomes not a worthless piece of asphalt, but definitely not probably anywhere near what we had paid for.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode