How to Create Passive Income Through Parking Assets with Sam Wilson

Today’s guest has a career in real estate which began, as most do, with a focus on single family homes. But it wasn’t long after when he discovered incredible potential in an altogether different type of investment: parking garages and lots. He struck gold, being able to structure deals in such a way that operators can guarantee a monthly or annual income on each investment.Sam Wilson is the Founder and CEO at Parking Your Investments, a company which invests in “parking garages and parking lots nationwide.” Listen in as Sam sheds light on how this often overlooked asset class can potentially become an exceptionally stable source of cash flow by answering such questions as what “demand generators” to look for in a parking asset, how to structure an acquisition deal with the asset’s owners, the importance of buying for cash flow as opposed to appreciation, the top three risks involved with investing in parking assets, and how to scale and syndicate deals. WHAT TO LISTEN FORWhy parking garages and parking lots are a more stable asset class that most other types of real estateWhat “demand generators” to look for when investing in a parking assetHow to structure an acquisition deal with a parking asset’s ownersThe top three risks to watch out for when investing in parking assetsHow to scale and syndicate deals in the parking industry RESOURCES FROM THIS EPISODEWebsite: Parking Your InvestmentsEmail: [email protected] CONNECT WITH USTo connect with Annie and Julie, as well as with other Investing For Good listeners, and to get the latest scoop on new and upcoming episodes, join the Investing For Good Podcast Community on Facebook.To learn more about real estate syndication investment opportunities, join the Goodegg Investor Club.Be sure to also grab your free copy of the Investing For Good book (just pay S&H).--Thanks for listening, and until next time, keep investing for good! Learn together, cheer each other on, and pursue financial wellness alongside others who value living life by design. Join for free at https://goodegginvestments.com/invest Invest with us – check out our current investment opportunities here: https://goodegginvestments.com/deals --Connect with GoodeggWebsite - https://goodegginvestments.com/YouTube - @GoodegginvestmentsInstagram - @goodegginvestments