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
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!!!
@@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..
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
I really appreciate you taking the time to make this video! It's extremely informative and helpful in so many aspects. I'm an owner operator myself who has had issues with truck parking. Upon that, I realized the opportunities available this field. A childhood friend of mine and myself are going to attempt a truck parking business. This video is beyond helpful!
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
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.
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 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.
@@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.
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.
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.
Hi this video just sparked inspiration! I own a 1500 sq ft shop office it's not huge but I have a lot of property that I lease from the railroad and I only use a quarter of it for my towing & Recovery business. I am visible from and am right off a major interstate. There is a truck stop right across the street. I have semis that are always parking along my fence in the front because the truck stop gets full. I already have truck drivers parking their personal vehicles at my place and I do not charge them..just a couple, so I see the need. This is a fantastic idea for me but I'm not sure how to start. I already have an estimate to fence the property and already have overhead lighting. I would be willing to lease or sell the building to one of these IOS type of companies. Where do I find these trucking companies that are looking for a spot like this in my area?
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)?
You could have a portion of the land designated for "junk storage" if it is financially worth it. Then you could still get some of those tenants instead of not being able to offer that and losing a potential additional monthly income from that
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.
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.
@@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.
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!
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.
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.
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
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
Truckers aren’t changing oil once a week Otr guys changing them 4-5 months out Theirs like 40-50 class a trucks and small amount of class C/B in that lot no where near 30-40 per acre
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
My grandparents have a 1/4 acre lot on a main road in between a bank and an airboat builder in central Florida in a small town populated by about 4600. It's not worth putting a house, got any suggestions? I really want to help build up thier retirement income. I pay them as much as I can from my businesses but medical bills are a bitch. Thanks
Really depends on what else is going on in that small town - maybe you could rent the lot to the airboat builder for additional storage, maybe you could rent it to the bank for parking, maybe you could put a couple of food trucks on the lot and some picnic tables and call it a day. There are many different things you could do with it depending on how creative you want to get!
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!
Glad to hear you’re interested! Here’s a couple of videos I’d recommend: ua-cam.com/video/Mda6gQVI5QY/v-deo.htmlsi=2gkCvMzqazzf9RP_ ua-cam.com/video/TdMhVftpxjw/v-deo.htmlsi=aMh7uoYFAaOh5kTt
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
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
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?
@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
I'm eagerly looking forward to a potential housing crisis to make affordable purchases after selling some properties in 2025. I'm also considering investing in stocks as a backup plan. Any advice on the best timing for these investments? I've seen significant trading profits, but there are concerns about the market's instability and the chance of a dead cat bounce. Could you explain why this market phenomenon occurs?
Dealing in both real estate and stocks could indeed be a wise choice, particularly when accompanied by a carefully crafted trading plan to maneuver through profitable prospects.
In challenging market conditions, it's not about mistakes; it's more about lacking the expertise to thrive. During such times, seasoned individuals who weathered the 2008 financial crisis are best positioned to foresee substantial gains.
Contemplating the idea of consulting advisors for guidance has been occupying my thoughts lately. I'm at a point where seeking counsel could be beneficial, but I'm uncertain about the tangible advantages their services could provide.
Thank you for sharing, I must say, She appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.
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?
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
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I've been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.
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
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/
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
@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.
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!
I find it odd that videographers think an audience enjoys looking at the side of someone's head when they speak on camera. I personally find it unnatural and uncomfortable and would much rather watch a person address me (the camera) directly. One camera is all you need when addressing an audience, and in my opinion the results come across as more professional.
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
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I've been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.
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
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!!!
@Hawksforever99 no kidding! There’s such a huge need for it out there
@@Hawksforever99 also in rural areas.
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..
Sounds like you timed it right!
Do the food trucks operate on the lot or are they only stored?
You made a great deal even for 2004
@@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..
@@Elishwagallesounds like they operate
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
I really appreciate you taking the time to make this video! It's extremely informative and helpful in so many aspects. I'm an owner operator myself who has had issues with truck parking. Upon that, I realized the opportunities available this field. A childhood friend of mine and myself are going to attempt a truck parking business. This video is beyond helpful!
Good luck let us know how it goes then.
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
great calculation on the numbers
Yeah it’s tough to pull that off within city limits / larger cities. Best to go to the suburbs / rural areas around it
This was a great interview playboy, just found this channel. I needed this extra info and knowledge.
Glad you enjoyed it! Welcome to the channel
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.
happy hunting!
Love this idea. Great informative walkthrough. Thanks for putting this together!
absolutely!
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
That is awesome! It's such a great sector to be in
New agent here... Thank you for this content and your other videos. Learned so much and have gotten so many great ideas from you!
Awesome to hear! Glad you're enjoying it
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.
In my experience, property taxes on industrial real estate are significantly lower than other asset types. Have you seen otherwise?
@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.
@@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.
That's Crazy & those Truck Lots Most Aren't even Paved. Gotta get Me 1!!!
Haha yes you do!
Great visit Tyler! Glad to share some insight into IOS!!
Thanks for giving us the tour!
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.
I love hearing that - we’ve got some more amazing videos in this style dropping this year!
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.
Such a great asset class!
Looking forward to this! Thank you for your opportunities!
It’s gonna be a good one! Glad you’re enjoying them 👊🏼
This definitely a hidden gem and something ive researching
🔥🔥🔥
My biggest takeaway from this is that he found this off market. I'm definitely taking that into consideration from now on.
That's a great way to do it!
Hi this video just sparked inspiration! I own a 1500 sq ft shop office it's not huge but I have a lot of property that I lease from the railroad and I only use a quarter of it for my towing & Recovery business. I am visible from and am right off a major interstate. There is a truck stop right across the street. I have semis that are always parking along my fence in the front because the truck stop gets full. I already have truck drivers parking their personal vehicles at my place and I do not charge them..just a couple, so I see the need. This is a fantastic idea for me but I'm not sure how to start. I already have an estimate to fence the property and already have overhead lighting. I would be willing to lease or sell the building to one of these IOS type of companies. Where do I find these trucking companies that are looking for a spot like this in my area?
This has been my dream for a long time
It’s a fun business to be in
The trailer height is 13'6". You have to lift the truck to repair it. If the concrete is too thin, it cracks.
For sure
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)?
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
You could have a portion of the land designated for "junk storage" if it is financially worth it. Then you could still get some of those tenants instead of not being able to offer that and losing a potential additional monthly income from that
Yep, absolutely you could
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.
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.
@@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.
Do you have a contact email/ #?
Buys the property with no plan or capital to improve anything but immediately raises the rent.
Sometimes deals work out like that 🤷🏻♂️ previous ownership was charging below market rates
What zoning is typically needed for this? I might have missed that in the video.
Every municipality has different zoning codes so you’ll have to look specifically in your area, but typically office, industrial, or even mixed-use
Simply amazing video. That is Great stuff.. Please talk about How is raised the money. More important.
I appreciate it! Here’s a video on raising capital: ua-cam.com/video/9YjDnL5_KRQ/v-deo.htmlsi=SJ6JBYwIyuSoYBp1
Loved this video man! Keep up the great work.
Glad you liked it, man! Appreciate you
Great video! you need more subscribers!!!
I appreciate that! On the road to 100k this year 😁 makes it so much fun getting to interact with everyone in the comments
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!
Hi Gaylon - drop us an email and I’ll connect you with me team. office@thecaublegroup.com
Find good lot rent out consignment by month all vehicle s must run trailers must in decent shape to sell u get percent of all cells
It's a great business model!
This only works in certain places down here in Miami you better have 10m plus for 5 acres if you can find it.
Correct - it’s not going to work in downtown, urban cores where land is expensive. That’s why IOS is typically in the suburbs / rural areas
Good video !
You'll need two acres just to get that one acre of 30 to 40 truck spots to fit right. Maybe even 3 acres.
I get you.. youre referring to the backing / parking of the truck and trailer.. maneuvering.
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.
I just bought 3.5 commercial acres. I’m excited. Very rare opportunity I caught in a massively growing area
Thanks, interesting content
Anytime!
Thank you
Anytime!
I am interested in learning more about
IOS is great - definitely worth diving into further
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.
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
How do you prevent trucks from squatting? Prevent theft?
Make sure it’s all covered in the lease, but you could just have them towed away
Love the concept, I got a 4 acre parcel in Louisville and in planning phase for a new use.
Squatting lol 😂 not in Miami, Florida they will put a lien on those trucks real quick lol 😂
Security guard
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
What about the rise of autonomous trucks and vehicles?
People are doing businesses and i am strugling for a job 😢😢😢😢😢
Yes
🤷🏻♂️
Truckers aren’t changing oil once a week
Otr guys changing them 4-5 months out
Theirs like 40-50 class a trucks and small amount of class C/B in that lot no where near 30-40 per acre
👍
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?
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
Thanks for making content tyler ❤❤
Of course! Glad you like it
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....
Congrats! I would recommend reaching out to your local industrial brokers and exploring the opportunities with them
Change Auto 🚀
for sure
Come visit our warehouse/commercial parking! 23,000 sqft
I’m 25 years old and would love to collaborate
Happy to take a look at it. Shoot some info to office@thecaublegroup.com
4:11 "has to be inflated" 😂
🤣
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!
Glad you enjoyed it! I'm not sure which software he's using - you could use a generic property management software if you set it up properly
Thanks for the knowledge
You bet!
My grandparents have a 1/4 acre lot on a main road in between a bank and an airboat builder in central Florida in a small town populated by about 4600. It's not worth putting a house, got any suggestions?
I really want to help build up thier retirement income. I pay them as much as I can from my businesses but medical bills are a bitch.
Thanks
Really depends on what else is going on in that small town - maybe you could rent the lot to the airboat builder for additional storage, maybe you could rent it to the bank for parking, maybe you could put a couple of food trucks on the lot and some picnic tables and call it a day. There are many different things you could do with it depending on how creative you want to get!
This is a good idea
🔥
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!
Glad to hear you’re interested! Here’s a couple of videos I’d recommend:
ua-cam.com/video/Mda6gQVI5QY/v-deo.htmlsi=2gkCvMzqazzf9RP_
ua-cam.com/video/TdMhVftpxjw/v-deo.htmlsi=aMh7uoYFAaOh5kTt
@@TylerCauble will check them out, thanks!
@krsna_gwda anytime 👊🏼
My concern with this business idea is in self driven semi trucks not needing to park.
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
I was thinking along the same lines in that the independent trucker that this business caters is an endangered species.
Wow that’s my goal, I’m a truck driver myself 😊😮
I like it! Buy all the places you have to park haha
@@TylerCauble 😂 im looking forward to that
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)
No, not necessarily - depends on the zoning and protocols for handling those materials. New auto / mechanic shops are put up all the time
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
It's cheaper because you don't have to buy buildings, just land
How much do you need to start one of these?
Check out 11:15
$0.00.find the deal you'll find the money
Great Tyler thank you
Absolutely!
@@TylerCauble😢
Brains beat brawn every time ❤
For sure
I gotta make a video about this thank you
For sure
thanks for the reply i'll ping you once its up thank you!@@TylerCauble
Great video
Glad you enjoyed it! Thanks for stopping by
How do you make sure that tenants are only parking how much they paid for?
Just manage the parking lot. Most landlords number the spaces and assign them to the tenants
How much does it cost? This spot in the video?
He covered costs towards the end of the video
I used to park there
That’s amazing 😂
I'm Ron? LOL 🤣
😂
Awesome
👊
4:00 guessing thats homeboys Porsche.
😂
🤣😂🤣
Where's this location?
It’s outside of Dallas, TX
Im sitting here thinking that they could take the used oil from all those oil changes and turn into diesel and sell it back to the truckers. 🤑
😂
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?
They have these crazy things called license plates
@@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?
@@johnperez93640 cameras... I know, mind blowing stuff
@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
@@TylerCauble i highly doubt that owner stays on sight to keep an eye on which trucks are coming in.
I'm eagerly looking forward to a potential housing crisis to make affordable purchases after selling some properties in 2025. I'm also considering investing in stocks as a backup plan. Any advice on the best timing for these investments? I've seen significant trading profits, but there are concerns about the market's instability and the chance of a dead cat bounce. Could you explain why this market phenomenon occurs?
Dealing in both real estate and stocks could indeed be a wise choice, particularly when accompanied by a carefully crafted trading plan to maneuver through profitable prospects.
In challenging market conditions, it's not about mistakes; it's more about lacking the expertise to thrive. During such times, seasoned individuals who weathered the 2008 financial crisis are best positioned to foresee substantial gains.
Contemplating the idea of consulting advisors for guidance has been occupying my thoughts lately. I'm at a point where seeking counsel could be beneficial, but I'm uncertain about the tangible advantages their services could provide.
The licensed coach I use is ’Grace Adams Cook’ research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for sharing, I must say, She appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.
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?
A lot easier to sit on the sidelines and complain about others taking risk, putting work in, and making the returns, eh?
Direct mail?
Mail sent directly to the property owners
How can I get in contact with you?
office@thecaublegroup.com
Hieght above 13'6" is useless except for forklifts
That's right - many tenants nowadays have forklifts to take advantage of taller ceilings.
It's not easy or cheap either...
Certainly can be - just depends on how much you know and how hard you work to find it
@TylerCauble I bought 1.4 acres of industrial land in Bay City, Michigan on a land contract but getting approval is another obstacle
I have NEVER seen truck parking for $250 a month…That’s absolutely to much money
Full of potholes, typical lawyer. I wouldn't trust that guy as far as I could throw him.
Pricing depends on market and demand 🤷🏻♂️ and this lot is about as close to full as you can get
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
In toronto it's $400 to $600 a truck 😂
@user-yi7vc4qh1q $700-$1000 here in the heart of Los Angeles for a 53ft tractor & trailer 😨
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I've been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.
yeah totally
🔥💨💯💪🏾
👊🏼👊🏼
I wouldn’t allow trucks carrying Hazmat to wash out their trucks onsite. You’ll have the EPA breathing down your neck.
Not the rarri flexing in the parking lot
😂
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.
can you explain?
@@wisdomandlove1661i think he's referring to oil contamination.
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
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
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/
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
I hope oil changes evey 10 to 15k miles
for sure
@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.
No - he meant IOS. Industrial Outdoor Storage
@@TylerCauble Ah thank you!
@wasjosh anytime!
How about piss bottles??
I’ve been wanting to do this here in AZ anyone want to partner!!
Yeah let's do it
I’ll partner!
@@Lawrence_of_Asia I’m on the hunt to find some good land!
It's a great model!
To bad the industry is going autonomous.😢
Gonna be years before that happens, and even if it does, parking isn’t the only outdoor storage need in this business
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!
You can get all the info on this channel for free 🤷🏻♂️
I find it odd that videographers think an audience enjoys looking at the side of someone's head when they speak on camera. I personally find it unnatural and uncomfortable and would much rather watch a person address me (the camera) directly. One camera is all you need when addressing an audience, and in my opinion the results come across as more professional.
I like showing off the side of my face for you
@@TylerCauble it's obvious
@rivermonstermovie 🤣
Definitely some misinformation in this s but also he is a lawyers not someone in transportation field. Framework is there but details are off.
What misinformation is there?
Scams
Yams
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
His lot is full and he’s making money, pretty sure he knows what he’s talking about 🤣
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I've been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.
for sure
Berkshire B, Exxon, & Nvidia