The Story of the Deal: Buying My First Commercial Real Estate Investment
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- Опубліковано 9 сер 2021
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In this episode Tyler gives the 'Story of the Deal', how he acquired capital to buy and eventually sell his first commercial property. Watch and get first hand experience on the different obstacles and things you can expect when closing or selling a property.
Interested in some aspect of commercial real estate that I haven't discussed yet? Please let me know in the comments!
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// ABOUT TYLER
Tyler Cauble is Founding Principal and President of The Cauble Group, Parasol Management, and Hamilton Development. Since 2019, Cauble has been raising capital for value-add investments and developments in the Southeast US, providing high-quality commercial space at affordable prices - a much-needed solution for the entrepreneurial community.
DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you. I'm also not your CPA, attorney, or broker - consult the professionals! - Розваги
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Wanna hear more of the stories behind the deal? Let me know and we'll keep this series going
Yes for sure! Like a mini-case study series
Truth!
Keep it going👍
Yepedoodle!
Perfect info were can i find your book
It's insane how busy it gets right before the close!
Haha no kidding! Always comes down to the wire
I’m here for the hat! 😁🔥
🤠
Im literally days(30) away from my 1st commercial property purchase, your pod and videos have been essential for my family and I acquiring our 1st commercial property and will forever be great-full for your content. Being in Canada the laws federally and provincially are different but the info is just priceless. I only used a lil bit of my own money haha! CHEERS!!!
That’s so cool to hear - congrats on that first purchase! You’ll get addicted 😁
The Story of the Deal videos is a great idea!! Love the content.
Glad you like them! :)
This is really awesome. I'm a new subscriber to your channel and you have such a good approach I'm very excited to learn more from you. Even being a commercial broker and real estate attorney, those things you know from doing it successfully so long that are really valuable to me in my process.
And talk about bravery, a teal Pharrell hat? Bold moves.
Welcome aboard! I appreciate it, Craig - glad you like the content
Awesome first deal! Love learning from you! Looking at our first commercial property here in Philly suburbs.
Have you done off market vacant commercial deals? Eyeing on up (previously a bank).
Thank you, Alex! Yes I have - the majority of projects that we acquire now are vacant and off-market opportunities. They leave plenty of room for upside potential if you're willing to work on improving the property and adding tenants
Thanks for sharing and the series idea would definitely be cool! I actually just saw the longer episode where you talked about this deal and I have a probably very rookie question. Could you explain the financing? If the investors put in 100k and you used your 3% fee as equity as the agent where did the rest of the funding come from to purchase the building?
Love it! I got a loan to cover the rest of the acquisition, so the bank funded the reminder after $125k and gave us an additional line of credit for up to $100k for improvements to the building
@@TylerCauble Thanks for the reply. Your channel has been a great resource to me!
Happy to hear it 🔥
Dual offer…genius!!!
One of my favorite strategies, for sure!
Ok, that dual offer negotiation strategy is a giant indicator of how legit you actually are. A nonpracticing youtuber wouldn't know that. VERY smart tactic.
Real recognizes real 👊🏼
Im looking into purchasing a commercial building to work out of. What is my 1st step?
Best thing to do is to find a commercial real estate broker you can work with. They'll walk you through the whole process from setting your budget to finding the right site and helping you get connected with lenders.
As a person that just turned 21 that’s wants to get into commercial real estate what is my best price to start off with ?
Congrats on getting started so early! Tough to say what the “best price” would be without knowing your situation. My first building was $575,000 and I only needed to raise $100,000 from two investors to buy it. It really comes down to your experience and how much investors are willing to give you
Hey, Tyler. I recently found you on youtube and I enjoy your channel immensely. I have a question. You found two investors and raised $100K. What are the benefits for them? Can you tell me more specifically about that? Thanks.
They received their proportionate share of the cash flow and tax benefits. Then when we sold, they took their share of the profits after I did all the work, so relatively passive investment for them.
@@TylerCauble Thanks for the reply. Can you share with me what was the percentage of their share and yours?
Depends on the deal - we’ve sold anywhere from 30% to 80% of the deal to our investors
Curious to know how your office buildings are doing ? Since a lot of companies transferred to work at home from the pandemic, many are keeping it that way and are ditching the office buildings. Do you still plan to invest in office buildings? Do you think companies will eventually go back to office culture? Let me know. Thanks!
The office sector is actually performing really well. My portfolio is all urban-adjacent, so I don’t own anything downtown or in the suburbs and we’ve leased up more of our buildings than they’ve been for a while. Office is still very much in demand. Downtown office, on the other hand, is still questionable. Most companies will be moving back to in-office when the pandemic has passed (many already have) since employee productivity is often higher and companies like Oracle have recently announced massive campus expansions, such as the 8,500 employee campus in Nashville
Plz narrate my life.
I'm all for it
Daddy's money helped I bet.
Would’ve been a lot easier if I had family money. I brought capital in from investors (as explained in the video)
@@TylerCauble I think he was talking about the “Daddy Joke” from earlier
Why are you so smart.to do commercial but dim enuf to make your whole arm black. Lol
Someone woke up on the wrong side of the bed this morning
These UA-camrs get cheesier by the minute. If you was making all this money on property, you wouldn’t be on here thirsting for followers.
Lol you mad
@@TylerCauble yea 😂😘 lol
@craigharrison9561 😂