I live in and own real estate in a building that is pictured on that map. Some notes:
1) Not every red box is accurate. For example, one of them contains a bank as well as a parking structure, yet the bank was circled as well.
2) Not everything is counted evenly. Some condo and office buildings' parking structures are circled, and some aren't. Almost all of the condo buildings have their own interior parking, most of which is not circled. Hell, mine has an exterior blacktop parking lot and its not even circled.
3) The majority of those lots circled are not for flipping real estate. The ones circled are mostly commuter lots and business lots that are often mostly empty.
The majority of those lots circled are not for flipping real estate. The ones circled are mostly commuter lots and business lots that are often mostly empty.
It might be a matter of perspective, but a mostly empty parking lot is not in the business of being a parking lot. Flipping commercial real estate can take decades, the point is that the lot is not required and will likely help the area become more city-like.
I'd hesitate to call that "flipping", then. Flipping real estate is usually meant to be a short term process to extract quick profit, not a decades long wait. That would be "investing".
To me, investing is putting it to good use. Buying it cheap, paving it, and waiting to sell high is not "investing". Again, that could just be perspective.
1) Not every red box is accurate. For example, one of them contains a bank as well as a parking structure, yet the bank was circled as well.
2) Not everything is counted evenly. Some condo and office buildings' parking structures are circled, and some aren't. Almost all of the condo buildings have their own interior parking, most of which is not circled. Hell, mine has an exterior blacktop parking lot and its not even circled.
3) The majority of those lots circled are not for flipping real estate. The ones circled are mostly commuter lots and business lots that are often mostly empty.