$30k/Month from A Parking Lot?? | Story of The Deal
Рет қаралды 262,823
Күн бұрынJoin us for an exclusive behind-the-scenes tour of this unique industrial outdoor storage facility that's generating over $30,000 per month in passive income! We'll show you how you can transform an empty parking lot into a lucrative investment property that requires little maintenance but can deliver huge returns.
Check out Ron’s KZfaq channel: youtube.com/@RonaldRohdeLaw?s...
// Learn how to confidently buy your first property with my commercial real estate for beginners course:
tyler-cauble.mykajabi.com/beg...
//Invest in commercial real estate with me:
www.tylercauble.com/invest
// Join my group coaching calls, Discord community, and 1-1 coaching:
www.crecentral.com/
// Get my game-changing commercial real estate tools and resources: www.tylercauble.com/resources
// Check out my underwriting models
www.TylerCauble.com/models
// Follow along:
○ Newsletters: www.tylercauble.com/newsletter
○ Blog: tylercauble.com/blog
○ Instagram: / commercial_in_nashville
○ LinkedIn: / tylercauble
0:00 - Industrial outdoor storage and its potential for cash flow and redevelopment.
4:56 - Industrial real estate development and truck parking.
7:54 - Investing strategies and value-add components.
11:47 - Industrial outdoor storage cash flow and exit strategies.
#industrialoutdoorstorage #industrialrealestate #outdoorstorage
@TylerCauble 6 ай бұрын
Get started investing in commercial real estate in 2024 with CRE Launch Pro - online courses, community, and 1-1 coaching with me! www.crelaunchpro.com
@Hawksforever99 3 ай бұрын
This is no joke...seriously you can't imagine the NEED for businesses like this...especially in populated areas! I've been driving big trucks since 2006 and the need for parking is more than ever before! We have SOOOOOOO many trucks on the road now!!!
@TylerCauble 3 ай бұрын
@Hawksforever99 no kidding! There’s such a huge need for it out there
@grovedwayne390 3 ай бұрын
@@Hawksforever99 also in rural areas.
@juanzapata7701 3 ай бұрын
I purchased a corner lot on a main road back in 2006 for 4k.. I currently rent the lot out to 5 food trucks per month for $600 each..
@TylerCauble 3 ай бұрын
Sounds like you timed it right!
@Elishwagalle 2 ай бұрын
Do the food trucks operate on the lot or are they only stored?
@redarbz6545 Ай бұрын
You made a great deal even for 2004
@juanzapata7701 Ай бұрын
@@redarbz6545I lucked out since the guy that I purchased it from was moving to Panama and just wanted to sell it off fast, so we can came to a number that was fair for us..
@tomevers6670 Ай бұрын
@@Elishwagallesounds like they operate
@MRUSHER7 17 күн бұрын
My 1st video and I’m hooked Tyler . I have a truck parking. This is my 2nd I started back in 2012. Great stuff . I’m about to watch all your videos
@nuanteeks8602 3 ай бұрын
This was a great interview playboy, just found this channel. I needed this extra info and knowledge.
@TylerCauble 3 ай бұрын
Glad you enjoyed it! Welcome to the channel
@Retipster Ай бұрын
Love this idea. Great informative walkthrough. Thanks for putting this together!
@RonaldRohdeLaw 6 ай бұрын
Great visit Tyler! Glad to share some insight into IOS!!
@TylerCauble 6 ай бұрын
Thanks for giving us the tour!
@escapingtheneon1220 5 ай бұрын
New agent here... Thank you for this content and your other videos. Learned so much and have gotten so many great ideas from you!
@TylerCauble 4 ай бұрын
Awesome to hear! Glad you're enjoying it
@SergioB-MakingMillionaires 19 күн бұрын
Thanks for the knowledge
@ILHillbilly67 2 ай бұрын
13 six is the maximum height for big rigs on the US roads today and the front end is usually sometimes called the power unit or the rig. Being able to store them on tires also means that they can be picked up with a forklift or something like that to be able to move smaller vehicles in an emergency also it means that they can be towed out for nonpayment a lot easier to
@souravarora7974 3 ай бұрын
industrial land in the Vancouver area is around $7M CAD per acre. If he's getting 30k a month paying 2.5M. thats 360000/2500000 = 14.4% cap rate. in Vancouver 4-5% return is the norm because of escalating land prices
@wisdomandlove1661 3 ай бұрын
great calculation on the numbers
@TylerCauble 3 ай бұрын
Yeah it’s tough to pull that off within city limits / larger cities. Best to go to the suburbs / rural areas around it
@brianbenton8478 5 күн бұрын
This is the asset class im most familiar with. Cheers to this guy for knocking it out of the park with this property. So looking fprward to pulling the trigger on my first property.
@georgymarrero 3 ай бұрын
Loved this video man! Keep up the great work.
@TylerCauble 3 ай бұрын
Glad you liked it, man! Appreciate you
@vegasmitch1472 2 ай бұрын
That's Crazy & those Truck Lots Most Aren't even Paved. Gotta get Me 1!!!
@friartuck4286 3 ай бұрын
The Karen’s in this comment thread. These interviews and videos are to help people get started and to help turn the gears. Keep living your 9-5 and wishing you had more freedom. This video answered a lot of questions for me gives some great starting points.
@TylerCauble 3 ай бұрын
I love hearing that - we’ve got some more amazing videos in this style dropping this year!
@paulcortez8048 6 ай бұрын
Looking forward to this! Thank you for your opportunities!
@TylerCauble 6 ай бұрын
It’s gonna be a good one! Glad you’re enjoying them 👊🏼
@brookedavis7267 6 ай бұрын
Thanks for making content tyler ❤❤
@TylerCauble 6 ай бұрын
Of course! Glad you like it
@OffDutyLifestyle 3 ай бұрын
I always been interested in the concept but know commercial land is high. Now hearing a bit more about how to structure and upsale by adding services I can see myself pulling the trigger. Way better than residential investment. The hunt starts now.
@TylerCauble 3 ай бұрын
happy hunting!
@TS-fm1op 6 ай бұрын
Thanks, interesting content
@TylerCauble 6 ай бұрын
Anytime!
@Chiefchief4444 6 ай бұрын
Great Tyler thank you
@TylerCauble 6 ай бұрын
Absolutely!
@davidacosta8060 3 ай бұрын
Thank you
@TylerCauble 3 ай бұрын
Anytime!
@samrey8134 3 ай бұрын
Simply amazing video. That is Great stuff.. Please talk about How is raised the money. More important.
@TylerCauble 3 ай бұрын
I appreciate it! Here’s a video on raising capital: kzfaq.info/get/bejne/b7-ad9F9msWvgoU.htmlsi=SJ6JBYwIyuSoYBp1
@monty8996 3 ай бұрын
Like the concept. I think it's a better sector than multi family. One concern of mine is that property taxes are often scary on industrial land. This can pose a challenge if starting from scratch with no cash flow.
@TylerCauble 3 ай бұрын
In my experience, property taxes on industrial real estate are significantly lower than other asset types. Have you seen otherwise?
@monty8996 3 ай бұрын
@TylerCauble I'm from Canada, specifically Ontario, the land of high taxes. It's common in Canada to see established industrial zoned properties around major cities with property taxes of $30,000 to $50,000. This would be a property that's valued in the 1.5 to 3 million range and 1.5 to 3 acres in size. Usually, there is some kind of building and fencing already on the property. Not sure how that compares to where you are. For me, those taxes are prohibitive in starting something from scratch.
@TraGiiXzaze Ай бұрын
@@monty8996 Interesting. Companies here especially in midwestern logistics hubs are heavily tax incentivized by the city and state. I could put something similar near a large amazon distribution center, zappos, and medical device and vaccine warehouse, and get a 5 year abatement bc it's an industrial zone business housing equipment. I genuinely think the gravel would cost more per year than the security lol. Anyone who hasn't seen semis running on gravel doesn't understand how much it sinks.
@investing8836 2 ай бұрын
Buys the property with no plan or capital to improve anything but immediately raises the rent.
@TylerCauble 2 ай бұрын
Sometimes deals work out like that 🤷🏻♂️ previous ownership was charging below market rates
@crazyburkey3677 5 күн бұрын
This is a good idea
@yeseniahernandez8609 9 күн бұрын
My concern with this business idea is in self driven semi trucks not needing to park.
@TylerCauble 9 күн бұрын
They’ll still need to park and charge. And they won’t be moving 100% of the time, they just won’t be that efficient. And we’re still a ways off from that being a thing, anyway, with all states having to pass laws allowing it in order for it to work. And if that’s the case then you can build a warehouse on it
@andrewlineback7138 3 ай бұрын
Great video! you need more subscribers!!!
@TylerCauble 3 ай бұрын
I appreciate that! On the road to 100k this year 😁 makes it so much fun getting to interact with everyone in the comments
@bigbrotherinlife1654 3 ай бұрын
This definitely a hidden gem and something ive researching
@TylerCauble 3 ай бұрын
🔥🔥🔥
@flicndills123 3 ай бұрын
This has been my dream for a long time
@TylerCauble 3 ай бұрын
It’s a fun business to be in
@marencruickshank 2 ай бұрын
Awesome
@qroadside 3 ай бұрын
Great video
@TylerCauble 3 ай бұрын
Glad you enjoyed it! Thanks for stopping by
@786Marwa 18 күн бұрын
Tyler, I am new to this, I own some land in Greyson County Tx., am thinking about opening a truck parking, don't know how and where to start....
@Wicked38x Ай бұрын
the author tells how everything is easy and cheap here, but then the guest says that he launched this business and invested more than a million dollars, almost free of charge, I’ll go open three
@HeimataRutgers 13 күн бұрын
Tyler I would be curious to know what software he is using if you have any way of finding out I would be curious? Thanks great video!
@RichWithCars 5 ай бұрын
Great video Tyler - thanks! When you say to aim in spending $300k - $500k per acre for IOS, is this for an existing/operating site or for one that you'd have to put together (meaning vacant parcel that you do the site work, fencing, etc)?
@TylerCauble 4 ай бұрын
That would be for one that could easily be converted into this use, but you may be able to find some that are cheaper depending on the location
@semaj19b 3 ай бұрын
Hey there, great vid. Information and knowledge shared is excellent. I have actually just come across this same property currently available for lease on Crexi. If this industry is as lucrative as it sounds, what would cause this property to become available for lease 3 months after this video was posted? I suppose I'm just thinking out loud here, however I just find it really interesting.
@TylerCauble 3 ай бұрын
Glad you enjoyed it! Ron had leased up all of the parking spaces but still had the flex building available when we met with him - I’d imagine that’s what’s for lease
@p__jay 3 ай бұрын
4:11 "has to be inflated" 😂
@TylerCauble 3 ай бұрын
🤣
@BlackGuyFinance 3 ай бұрын
I gotta make a video about this thank you
@TylerCauble 3 ай бұрын
For sure
@BlackGuyFinance 3 ай бұрын
thanks for the reply i'll ping you once its up thank you!@@TylerCauble
@friartuck4286 3 ай бұрын
What zoning is typically needed for this? I might have missed that in the video.
@TylerCauble 3 ай бұрын
Every municipality has different zoning codes so you’ll have to look specifically in your area, but typically office, industrial, or even mixed-use
@johnweiland9389 3 ай бұрын
The trailer height is 13'6". You have to lift the truck to repair it. If the concrete is too thin, it cracks.
@TylerCauble 3 ай бұрын
For sure
@paulchase451 3 ай бұрын
8 - 9% CoC does not seem so great but if I understand correctly eventually it will have a much higher yield if you reinvest initial returns?
@TylerCauble 3 ай бұрын
Yep, that’s correct - rent increases on average between 3% and 5% per year, so the longer you hold it, the better you should be cash flowing a property. 8% cash in cash day 1 is great, in my opinion
@gaylongarrison7927 2 ай бұрын
Hello Tyler, I saw this information this morning and found it to be very interesting. I'm a real estate investor in Dallas, single family and commercial. I wanted to get more information if possible on potential opportunities in the Dallas area, someone that is motivated to sale or if there are individuals that I could possibly partner with to get into this business. Appreciate ya!
@TylerCauble 2 ай бұрын
Hi Gaylon - drop us an email and I’ll connect you with me team. office@thecaublegroup.com
@freedomworks3976 3 ай бұрын
Brains beat brawn every time ❤
@TylerCauble 3 ай бұрын
For sure
@Beaststang5oh 3 ай бұрын
I used to park there
@TylerCauble 3 ай бұрын
That’s amazing 😂
@calco5482 18 күн бұрын
4:00 guessing thats homeboys Porsche.
@brianshowa45 3 ай бұрын
A couple points I found hard to swallow: 1. Trucks don't change their oil once a week, nor do most do their own oil changes. 2. No way you can park 30 - 40 trucks on one acre. You're not understanding that not all trucks are the same (don't have same turning ratios), and not all drivers are the same. Many drivers can't even back into warehouse facilities correctly and they have a ton of room to work with. If the driver cannot easily back into the front gate from the street, then they'll need room to maneuver inside the yard which will take up a lot of sqft! You can count the trucks and see what I mean at the 10:00 mark.
@TylerCauble 3 ай бұрын
Sounds to me like some of Ron’s tenants are changing their oil frequently and doing it on their own. And the amount of vehicles you can park depends on the kind of vehicles you’re parking. They had well over 100 vehicles parked here - not all of them are 18-wheelers. If you were parking cars, you can fit around 150 on an acre, so 30-40 bigger trucks and 18-wheelers is entirely doable.
@brianshowa45 3 ай бұрын
@@TylerCauble Not every week though. Average truck does 2500 miles a week. Synthetic oil can last over 20K (some guys will push it much longer). I personally think he's not utilizing that garage as much as he could. Find a mechanic tenant, that would make much more money. I get that it depends on the truck, but if you're going to have rig and trailers, they need room to maneuver or you'll have a bunch of accidents all the time and some pissed off customers. The real money is overnight parking. I have a friend that operates one in NC. It's private, not a truck stop. It's like short term rental compared to long term. In the right right market, you can make a killing.
@obillz064 2 ай бұрын
Do you have a contact email/ #?
@JS-jv6rg 3 ай бұрын
If he was to put a mechanic shop somewhere in that lot, wouldn't the municipality get at him for hazardous materials? (engine oil, other fluids, etc)
@TylerCauble 3 ай бұрын
No, not necessarily - depends on the zoning and protocols for handling those materials. New auto / mechanic shops are put up all the time
@krsna_gwda 3 ай бұрын
Hey, I liked your video! Im a student looking to get into the game and dont know how or where to start, I was wondering if hou could give any advice for me? Much appreciated!
@TylerCauble 3 ай бұрын
Glad to hear you’re interested! Here’s a couple of videos I’d recommend: kzfaq.info/get/bejne/g8qRacqCu6-ZgY0.htmlsi=2gkCvMzqazzf9RP_ kzfaq.info/get/bejne/isp9m7mX2dbcmqs.htmlsi=aMh7uoYFAaOh5kTt
@krsna_gwda 3 ай бұрын
@@TylerCauble will check them out, thanks!
@TylerCauble 3 ай бұрын
@krsna_gwda anytime 👊🏼
@bigwigdiesel2237 3 ай бұрын
Come visit our warehouse/commercial parking! 23,000 sqft I’m 25 years old and would love to collaborate
@TylerCauble 3 ай бұрын
Happy to take a look at it. Shoot some info to office@thecaublegroup.com
@dammitbobby283 3 ай бұрын
3:59 Good luck with that growing stack of junk semi-truck tires at the dumpster that nobody will claim. That stuff is expensive to get removed. Start charging TODAY for used tire storage fees per tire at the cost of removal +25% because when they leave they won't take junk tires with them, they don't want that sht. Get paid up front.
@TylerCauble 3 ай бұрын
He does charge for that…it’s a service that he offers to the tenants
@ericperry72 Ай бұрын
He stated he charges them $20 per tire and it only cost him $7 per tire for removal, so he makes $13 a tire.
@WillBockovenCRE 6 ай бұрын
How do you prevent trucks from squatting? Prevent theft?
@TylerCauble 6 ай бұрын
Make sure it’s all covered in the lease, but you could just have them towed away
@WillBockovenCRE 6 ай бұрын
Love the concept, I got a 4 acre parcel in Louisville and in planning phase for a new use.
@solarcognac7112 3 ай бұрын
Squatting lol 😂 not in Miami, Florida they will put a lien on those trucks real quick lol 😂
@grng 3 ай бұрын
Security guard
@roberthepburn-gr4fq 3 ай бұрын
With a tow truck and a security guard I have parked in these kind of lots and all of the ones that I have seen have a guard shack and will tow unauthorized vehicles
@jasonrabe1664 3 ай бұрын
You'll need two acres just to get that one acre of 30 to 40 truck spots to fit right. Maybe even 3 acres.
@koollee 3 ай бұрын
I get you.. youre referring to the backing / parking of the truck and trailer.. maneuvering.
@TylerCauble 3 ай бұрын
That’s simply not true. Maybe if you’re going for 40 semi-trucks with trailers attached, but no one said that’s what you’re going for. We finished a layout for 112 RVs on 3 acres…RVs. You can easily park 30-40 vehicles on an acre, it just depends on the kind of vehicle.
@CJ2K 3 ай бұрын
I just bought 3.5 commercial acres. I’m excited. Very rare opportunity I caught in a massively growing area
@Channelofchannelz 3 ай бұрын
People are doing businesses and i am strugling for a job 😢😢😢😢😢
@startingtech3900 3 ай бұрын
Yes
@TylerCauble 3 ай бұрын
🤷🏻♂️
@benbenjamin7119 2 ай бұрын
How much do you need to start one of these?
@TylerCauble 2 ай бұрын
Check out 11:15
@johnperez93640 3 ай бұрын
How do u keep track of which trucks are paying? If im renting a spot but will be gone during the week and a buddy of mine needs a place to park his truck for a day or two while he goes home, i can just tell him where my spot is and he can use it while im gone?
@Ryan-wx1bi 3 ай бұрын
They have these crazy things called license plates
@johnperez93640 3 ай бұрын
@@Ryan-wx1bi and the owner of that lot goes and checks all those things called license plates every time a truck pulls into the lot to park?
@Ryan-wx1bi 3 ай бұрын
@@johnperez93640 cameras... I know, mind blowing stuff
@TylerCauble 3 ай бұрын
@johnperez93640 that gate is key code access only with cameras. Not hard to figure out if someone is parking in there that shouldn’t be. Same as an apartment complex - how do you know you don’t have squatters setting up everywhere? You go and check on the property
@johnperez93640 3 ай бұрын
@@TylerCauble i highly doubt that owner stays on sight to keep an eye on which trucks are coming in.
@derenhuang 6 ай бұрын
I'm Ron? LOL 🤣
@TylerCauble 6 ай бұрын
😂
@Flipping_Assets 3 ай бұрын
Where's this location?
@TylerCauble 3 ай бұрын
It’s outside of Dallas, TX
@alanswanson5642 Ай бұрын
Hieght above 13'6" is useless except for forklifts
@TheAlex0516 6 ай бұрын
How can I get in contact with you?
@TylerCauble 6 ай бұрын
office@thecaublegroup.com
@grantmarut7488 Ай бұрын
I hope oil changes evey 10 to 15k miles
@thatarkansan 3 ай бұрын
Not the rarri flexing in the parking lot
@TylerCauble 3 ай бұрын
😂
@Flipping_Assets 3 ай бұрын
It's not easy or cheap either...
@TylerCauble 3 ай бұрын
Certainly can be - just depends on how much you know and how hard you work to find it
@Flipping_Assets 3 ай бұрын
@TylerCauble I bought 1.4 acres of industrial land in Bay City, Michigan on a land contract but getting approval is another obstacle
@Southwest4109 2 ай бұрын
🔥💨💯💪🏾
@TylerCauble 2 ай бұрын
👊🏼👊🏼
@MrHeat1up 3 ай бұрын
To bad the industry is going autonomous.😢
@TylerCauble 3 ай бұрын
Gonna be years before that happens, and even if it does, parking isn’t the only outdoor storage need in this business
@bjlehnhof Ай бұрын
I’ve been wanting to do this here in AZ anyone want to partner!!
@matth3379 Ай бұрын
Yeah let's do it
@Lawrence_of_Asia Ай бұрын
I’ll partner!
@bjlehnhof Ай бұрын
@@Lawrence_of_Asia I’m on the hunt to find some good land!
@mrdavis2928 3 ай бұрын
I have NEVER seen truck parking for $250 a month…That’s absolutely to much money
@nickk4010 3 ай бұрын
Full of potholes, typical lawyer. I wouldn't trust that guy as far as I could throw him.
@TylerCauble 3 ай бұрын
Pricing depends on market and demand 🤷🏻♂️ and this lot is about as close to full as you can get
@Highway_Hustler 2 ай бұрын
If I’m paying $250 I need a fully paved, very secure and well lit yard and since I’m in the Midwest I need a plug for my truck as well. Average truck parking around Chicagoland area is $185-225
@user-yi7vc4qh1q 27 күн бұрын
In toronto it's $400 to $600 a truck 😂
@brokeproof310 17 күн бұрын
@user-yi7vc4qh1q $700-$1000 here in the heart of Los Angeles for a 53ft tractor & trailer 😨
@wantsanewvehicle 2 ай бұрын
AKA look how this guy bought a dump, put no more than a couple grand into it and is now making a bunch of money to let people park their vehicles on his dirt lot. We even included how he charges people $20/tire to leave their used tires, and then he pays somebody $7/tire to remove them. 2.5 million for 5 acres with a dumpy old building on it, lmfao..wut?
@TylerCauble 2 ай бұрын
A lot easier to sit on the sidelines and complain about others taking risk, putting work in, and making the returns, eh?
@wasjosh 3 ай бұрын
@7:56 The lawyer says ios but best I can figure is he meant O&I, office and industrial. Not sure what else it could mean and iOS doesn't make much sense in context.
@TylerCauble 3 ай бұрын
No - he meant IOS. Industrial Outdoor Storage
@wasjosh 3 ай бұрын
@@TylerCauble Ah thank you!
@TylerCauble 3 ай бұрын
@wasjosh anytime!
@jimeverson9155 3 ай бұрын
Watch the video and you’ll realize there’s no way there’s 30 to 40 trucks per acre a lot of misinformation here you may be lucky to get 10 to 15 trucks per acre based on being able to move the truck freely
@TylerCauble 3 ай бұрын
Do you think that “trucks” exclusively means “fully loaded 18-wheelers?” Cause I think you and I have a very different definition of the word “trucks” Editing to drop you some articles and studies to review: utia.tennessee.edu/cpa/wp-content/uploads/sites/106/2020/10/CPA-222.pdf trashcansunlimited.com/blog/truck-parking-layout-dimension/
@TheSouthernStone 3 ай бұрын
I watched this vid because some friends and I are about to start a truck parking lot. Have been designing the traffic flow and parking to analyze several properties. IF the shape is right and you have enough land to work with, then 30-40 trucks (w/ trailers) per acre is most def doable. 30 degree angled, 12.5’ wide spaces
@PlayedTV 3 ай бұрын
He will have environmental issues on that dirt as well. The clean-up of the brown dirt if he ever redevelops it will be very expensive.
@wisdomandlove1661 3 ай бұрын
can you explain?
@NIN_THUG 3 ай бұрын
@@wisdomandlove1661i think he's referring to oil contamination.
@TylerCauble 3 ай бұрын
You can control all of that through the lease and put the burden on the tenant to remediate any issues that they cause during their lease term
@OneManLikeNoOneElse 3 ай бұрын
Why take a course 🤷🏼♂️ You can go into any real estate business and say you want to buy such property that is for sale! Then an agent will be assigned to you as your buying agent even if it’s not the listing agent or agency!!! All anyone cares about is do you have the funds to buy the property!
@TylerCauble 3 ай бұрын
You can get all the info on this channel for free 🤷🏻♂️
@CharlesCharles-bb6qx 3 ай бұрын
I TOTALLY take financial advice from a guy who looks like a fry cook on parole.
@TylerCauble 3 ай бұрын
😂 hope you make it out of your mom’s basement for some fresh air today
@lvbadboy Ай бұрын
Definitely some misinformation in this s but also he is a lawyers not someone in transportation field. Framework is there but details are off.
@TylerCauble Ай бұрын
What misinformation is there?
@paulsmith4118 3 ай бұрын
Scams
@TylerCauble 3 ай бұрын
Yams
@hoodooking1133 4 күн бұрын
We don't change our engine oil in trucks every 50k it's 25k ifk but this looks like a filthy dirt yard and if anyone parks here all that dust and dirt will rust your trucks down early gtfoh this guy doesn't know what he's talking about he can rent to sand trucks I wouldn't park here or do anything in that unfinished dark space
@TylerCauble 4 күн бұрын
His lot is full and he’s making money, pretty sure he knows what he’s talking about 🤣