The Commercial Real Estate Investor Podcast

Tyler Cauble
  • 4.9 (47)
  • Investing
  • Updated Weekly

Welcome to The Commercial Real Estate Investor Podcast where your host, Tyler Cauble, covers the ins and outs building wealth and passive income through investing in commercial real estate. Tune in for investing strategies, leasing & management tips, market updates, and more.

  1. Jun 25

    Why Single Family Rentals Will Never Replace Your W-2

    Key Takeaways Your W-2 is an asset, not a liability. Your paycheck funds down payments, strengthens your loan applications, and allows you to keep compounding your real estate portfolio. Quitting your W-2 too early can slow your investing down. Once you rely on rental income for living expenses, you have less capital to reinvest and lenders often view you as a riskier borrower. Residential investing doesn't scale efficiently. More single-family rentals mean more tenants, more maintenance, more management, and more complexity—all for relatively small increases in cash flow. Commercial real estate scales differently. A single commercial property can often produce the cash flow and equity growth of dozens of residential units, with far fewer tenants and operational headaches. Forced appreciation is a powerful advantage. In commercial real estate, increasing a property's income by signing leases or improving operations can create hundreds of thousands of dollars in equity without waiting for the market to appreciate. Use your W-2 to build wealth, then retire from strength. Rather than replacing your paycheck as quickly as possible, use it to accelerate your portfolio until you've created enough passive income and liquidity to retire on your own terms.

    33 min

  2. Jun 18

    Watch Us 5x Our Returns in Self Storage (Deep Dive)

    Key Takeaways The biggest value-add opportunity in self-storage isn't always raising rents—it's adding units. Expanding a facility can create significantly more value than operational improvements alone. Look for excess land when buying self-storage. Vacant land, truck parking, RV storage, or underutilized areas can often be converted into additional storage units. Modular storage containers allow you to expand in phases. Instead of investing heavily upfront, operators can add units as demand grows, reducing risk and vacancy. Simple site designs often outperform maximized layouts. Customer experience, ease of access, safety, and traffic flow can be more valuable than squeezing in a few extra units. Small business customers are often the best tenants. Contractors, HVAC companies, home stagers, and other service businesses tend to stay longer and expand into additional units over time. Unit mix matters. Offering a combination of different sizes can help attract a broader customer base and maximize occupancy. Appearance affects leasing. New, well-maintained units create a better customer experience and can command stronger demand than older, worn containers. Run the numbers before expanding. In Tyler's example, a relatively small capital investment in additional units had the potential to create hundreds of thousands of dollars in additional property value. Think beyond cash flow. Every dollar of NOI created through expansion can dramatically increase a property's value through cap rate compression and future refinancing opportunities. The best self-storage deals often have hidden expansion potential. What looks like excess parking, RV storage, or unused land today may become the highest-return portion of the investment tomorrow

    57 min

  3. Jun 15

    The Real Reason the Best Deals Never Hit the Market

    Key Takeaways The best deals aren't hidden. They're marketed privately before they ever hit Crexi or LoopNet. Brokers send their best opportunities to a small group of trusted buyers first. Most investors are competing for the same public listings, which drives up prices and lowers returns. The three best sources of off-market deals are broker relationships, tired sellers, and direct outreach. Specializing in one asset class makes it much easier to uncover opportunities. Many sellers value certainty and simplicity more than squeezing out every last dollar. Off-market deals often create the biggest value-add opportunities. Success comes from consistency, relationships, and being ready when the right deal appears.

    31 min

  4. Jun 11

    How I Bought My First Commercial Property at 25 (just copy me)

    Key Takeaways First deal’s purpose Not to make you rich, but to teach you how to confidently do more (and better) deals. How he won the deal List: $750k, closed at $575k by giving the seller 2 options and making the lower one ultra-certain (no contingencies, fast close). Capital & structure ~80% bank loan, $100k from 2 investors, $125k LOC as cushion. Simple promise to investors: 8% paid at exit, no monthly distributions. Painful lessons Scope mechanicals deeply (HVAC failure cost $20k). Double your vacancy / lease-up timeline. Underwrite conservatively and stress test for higher expenses and longer vacancy. Real separator Not capital or perfect knowledge. Willingness to act without full certainty, backed by a clear buy box, disciplined DD, and a cushioned capital stack.

    21 min

  5. Jun 8

    The 1031 Move That Lets You Buy Before You Sell

    Key Takeaways Location for Flex/Industrial Don’t go “main & main” in the city core (too expensive, competing with retail/office). Target major highways/arterials just outside town, where you can serve multiple submarkets at lower land/building cost. Pricing & Strategy Your all‑in cost/sf (purchase + rehab) must be well below new construction cost (~$120–$150/sf) or the deal won’t compete. Quick screen: if all‑in ≈ $100/sf and you can get ~$12/sf NNN, that’s about a 12% yield on cost → worth deeper underwriting. Kansas City Example Deal 4,260 sf building at $315K (~$74/sf) in Raytown; concept: split into two bays, add another roll‑up door, light rehab. Verified via Google Street View that there’s no real loading dock despite the listing. Underwriting Outputs (base case) Assumptions: 25% down, 7% interest, 20‑yr am, 2 tenants at $12/sf NNN, 3% bumps. Results: ~16–17% IRR, ~19–20% annualized cash‑on‑cash, ~2.0x equity multiple over 5 years, DSCR ~1.7x. Risk & Stress Test Even with rents at $10/sf and rehab at $100K, deal still modeled at mid‑teens IRR and solid cash‑on‑cash. But in a bear scenario (lower rents, higher vacancy, worse exit cap), you can lose money → need margin. Capital Raising Raising capital starts with your existing network: Call people, explain your deal type and target returns, and ask if they’d want to see one. Build a list of soft commitments before you have a live deal.

    26 min

  6. Jun 1

    Watch Me Underwrite a Real Industrial Deal in 30 Minutes

    Key Takeaways Location for Flex/Industrial Don’t go “main & main” in the city core (too expensive, competing with retail/office). Target major highways/arterials just outside town, where you can serve multiple submarkets at lower land/building cost. Pricing & Strategy Your all‑in cost/sf (purchase + rehab) must be well below new construction cost (~$120–$150/sf) or the deal won’t compete. Quick screen: if all‑in ≈ $100/sf and you can get ~$12/sf NNN, that’s about a 12% yield on cost → worth deeper underwriting. Kansas City Example Deal 4,260 sf building at $315K (~$74/sf) in Raytown; concept: split into two bays, add another roll‑up door, light rehab. Verified via Google Street View that there’s no real loading dock despite the listing. Underwriting Outputs (base case) Assumptions: 25% down, 7% interest, 20‑yr am, 2 tenants at $12/sf NNN, 3% bumps. Results: ~16–17% IRR, ~19–20% annualized cash‑on‑cash, ~2.0x equity multiple over 5 years, DSCR ~1.7x. Risk & Stress Test Even with rents at $10/sf and rehab at $100K, deal still modeled at mid‑teens IRR and solid cash‑on‑cash. But in a bear scenario (lower rents, higher vacancy, worse exit cap), you can lose money → need margin. Capital Raising Raising capital starts with your existing network: Call people, explain your deal type and target returns, and ask if they’d want to see one. Build a list of soft commitments before you have a live deal.

    41 min

  7. May 28

    100 Doors. 35% Returns. Why He's Walking Away.

    Key Takeaways Private money + confidence Ray rebuilt after 2009 by using private capital from friends/family and backing it with confidence and a clear story. Buy cheap, cash-flowing assets Single-family play: buy well below rebuild cost, add light renos, and rent Section 8 for strong cash flow. Principle carries forward: hard to lose if you buy under value. Why exit 100 SFRs Headaches and damage from low-end tenants scaled with door count. Commercial/triple-net tenants maintain the space and see it as part of their brand. Early commercial wins First commercial: $30k office with $80k in liens, made workable via city lien-relief program. Realized niche opportunity in turnkey restaurant/first-gen spaces → higher rents, strong demand. How he picks markets/locations Follows directional growth and “vibe” by driving day/night. Buys one street off the main corridor for better pricing + similar zoning. Watches zoning meetings and parking/transit changes to front-run value jumps. Renovation & risk lessons Always add 20–30% contingency on value-add deals. Fully vet tenant equipment + code requirements (his tenant’s oven added ~$50k in surprise work). Best “first commercial deal” for SFR owners Start with a small office / multi-tenant office (possibly occupy one suite). Use it to build bank credibility and learn commercial without jumping straight into a big, complex project.

    37 min

  8. May 21

    He Doubled His Cash Flow Without Buying a Single New Property

    Core Concept You don’t always need a new deal Chris realized he could get ~80% of the cash-flow upside of a new acquisition by further improving an existing property, with less time, less capital, and less risk. Micro-suites = outsized value from small spaces Converting an old car wash/warehouse into 6 micro suites created strong demand (120+ inquiries) and stable, high NOI with no vacancies for ~2.5 years. Phase 2: More tenants, more stability Reworking an extra 1,500 SF bay from 1 tenant into 4 micro units bumps NOI from ~$76k to ~$102–103k, while reducing lease-up risk via more, smaller tenants. Leverage LOIs + equity creatively Plan: gather LOIs for new suites → use them to secure a line of credit → fund renovation → then use new equity to springboard into the next deal. Purpose-driven investing plays well with the market Focus on “making space for small business” (micro spaces / small-bay flex) aligns with current demand and supports local operators squeezed by rising rents and costs.

    37 min
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4.9
out of 5
47 Ratings

About

Welcome to The Commercial Real Estate Investor Podcast where your host, Tyler Cauble, covers the ins and outs building wealth and passive income through investing in commercial real estate. Tune in for investing strategies, leasing & management tips, market updates, and more.

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