Full transcript
0:00see all that smoke and fire and
0:01everything else we love it love it Dino
0:04jump in there and show us what's down
0:05there stuff the rust ofer the building
0:08the happier I am the more money there is
0:09on the table who would want to own this
0:11muddy crap oh wait us this our next
0:14project these Woods this is something we
0:15showed you guys earlier we ended up
0:17buying it 20 acres here this land will
0:19end up looking like what we just showed
0:21you this was all Woods 30 days ago we
0:23just closed on this piece of property 20
0:25acres we get done it'll be stored with a
0:27bunch of stuff that's left over from the
0:29forts needs to get out of SPS look at
0:30the building there the condition that
0:31it's in no power the building's gutted
0:34garage doors are messed up roof's
0:35leaking we'll come in here reskin it
0:37paint it make it look beautiful make it
0:39look brand new stabilize the yard out
0:41here and find a tenant for it our Niche
0:43was always steal buildings with lay down
0:44areas when you're looking for a
0:46specialty Niche you know when you run
0:47out of the low hanging fruit now we're
0:48finding something else wow there's a
0:50demand for just a piece of flat land
0:52that you can drive and store stuff on or
0:54places for semis to park they need a
0:56place to park they're in every Lowe's
0:57every Walmart parking lot they need a
0:59place to go if you could take this here
1:00put some showers in it a break room and
1:03then have a stabilized yard in the back
1:04you can park semis here they need a
1:06place to park overnight safe place lit
1:08up there's always a niche if you're
1:10looking you can find something all right
1:12check it out when you're watching these
1:13videos we know that you guys have
1:14questions that aren't answered might be
1:16about business might be about real
1:17estate well guess what we can answer all
1:18those questions that aren't getting
1:20answered in this video so shoot us a
1:21text at 928
1:2360543 35 cuz there's questions that need
1:25to be answered and this dude and I will
1:27answer those questions for you 928 605
1:304335 shoot us a text there's refineries
1:32all around Texas so the buildings need
1:34to be in the industrial Zone buy the
1:36refineries and then the people that we
1:38least do are the people that service the
1:39refineries during recession there's no
1:41problem we're all still driving we're
1:42still using everything you wear is oil
1:44everything is based around oil and so
1:46all the lip tards that don't want oil
1:48what items are you willing to give up
1:50this plastic this plastic this plastic
1:52this plastic everything is made from oil
1:54when the recession hits us say it hits
1:56super super hard guess what you're still
1:58going to need plastic and guess what
1:59every one of these miles and miles and
2:01miles of these ugly refineries see all
2:03that smoke and fire and everything else
2:05we love it love it because guess what
2:07you got to have it and you need places
2:09to lease so that you can work in these
2:11refineries and this is our specialty so
2:13when we see all this billowing smoke and
2:15everything else that oil produces love
2:17it cuz guess what they're renting from
2:19us and when the recession hits guess
2:21what they rent from us when the last
2:22recession hit in 08 guess what we didn't
2:24feel it we expanded it's always good
2:26this is plastic that's plastic this
2:27plastic what you're wearing is plastic
2:29so guess what it comes from Texas City
2:31Texas and we own all the buildings
2:32around it and they lease from us and now
2:34our Niche is going to be dealing with
2:36the ports they've ran out of room so
2:37we're going to be the people that Supply
2:39the areas to unload the ships we're
2:40always looking so then when a weird
2:42piece of property shows up bam we're on
2:44it Dino jump in there and show us what's
2:46down there
2:48stuff okay so we're going to have to
2:50make this wider so that semise can come
2:51in here so we'll double the size of this
2:53CT is that right yep the tenant that was
2:56here was here for several years just
2:58moved out and so we already have another
3:00company that works in a Refinery ready
3:01to lease this again ugly we'll put in a
3:03nice fence in here freshen up the lot
3:05but we'll show you guys what this looks
3:07like we're going to widen the entry
3:08expand the Culvert over there so they
3:10can get semis in a little bit easier the
3:12gate was Tore Up From The Last Tenant no
3:13problem the new people want a sliding
3:15gate anyway so we're getting a bid on
3:17that they are asking us to stabilize the
3:19yard and with that there we'll put the
3:20expense of that back into the lease and
3:22so it'll be on them to improve our
3:24property all this uh dirt work that's
3:26been done Our Last Tenant did that how
3:28much money do you think the tenant spent
3:29on our property the last time they were
3:31here $2 to $300,000 in stabilization
3:34that he did to our yard so they spent
3:35two2 to $300,000 on our property
3:38stabilizing the property asked us for
3:40permission of course we said yes and
3:41guess what they were here how many years
3:42about eight eight years and now they've
3:44gone on to greener pastures but they
3:46left the
3:47$300,000 worth of improvements here
3:49they're ours now so now we have another
3:51company we probably raised the rent by
3:5230% from The Last Tenant because of the
3:54improvements they did to our property so
3:55it's a crazy thing real estate it just
3:57always goes up so the tenant doesn't
3:59improve we make money t moves out great
4:01we raise the lease on the next episode
4:03we probably paid 300 grand for this
4:0512,000 a month triple net is our
4:06starting point with our new tenant and
4:08then we'll put the improvements into the
4:10lease and the improvements will stay
4:11with the property when they go let's
4:13just fist buum for that we love when you
4:15drive by and say look at that crappy
4:17building over there the more the trees
4:19the rustier the building the happier I
4:20am the more money there is on the table
4:22imagine paying 300 Grand but had it for
4:248 or9 years how long we've had it been
4:26leasing it for 8 Grand a month and now
4:28we're going to get $112,000 a month and
4:30they put $200,000 into it it's just how
4:32you going to beat that a lot of people
4:33are in a lot better looking real estate
4:35than we are but we don't care you pay
4:37retail for a piece of property takes a
4:38long time to double the value you buy
4:40one that needs Improvement easy to
4:42double your money and then when you just
4:43keep the property as they start stacking
4:45up we still in that piece of property we
4:47just bought the other piece of property
4:48on the other side we just collect
4:49properties man and we don't care about
4:51how many we have it's not that's not
4:52what we're in for this is Muddy
4:54here who would want to own this muddy
4:55crap oh wait us so we're going to come
4:58out here put some uh B rock down some
5:00base on top of it it's about 4 Acres
5:02that need to be stabilized we're looking
5:04about $400,000 when we get done with it
5:06this going to look beautiful out here
5:07there's going to be all kinds of stuff
5:08parked on it anyways the point of them
5:10showing you this is find your niche in
5:12your neighborhood man and there's one
5:13there put us in any City and we're going
5:15to find a niche man look around smell
5:17around take a look man don't be afraid
5:19to ask questions and figure it the
5:21out right