The Ultimate Guide to Starting a Profitable Parking Lot Business | Jonny & Clay Velarde E367

Ever thought about owning a parking lot? You should—because the margins are insane. In this episode, Rich brings on Johnny and Clay, the duo turning overlooked patches of asphalt into high-cashflow assets. They break down how to start, scale, and profit from the parking lot business—without ever swinging a hammer or managing tenants. If you’re looking for a low-maintenance, high-ROI play… this one’s it. They cover: How they turned a $30K deal into $350K+ in revenueWhy parking lots are one of ...

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Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $80M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing. Connect with Rich on Instagram: @rich_somers