The Commercial Real Estate Investor Podcast

Recent Episodes

1. 406. This Building Hasn't Sold in 400 Days. Why?

   Sep 17, 2026

   Tyler Cauble discusses why commercial real estate listings sitting on the market for extended periods—often 400+ days versus typical 200-day medians—can present negotiation opportunities. He breaks down the four primary reasons properties stall (pricing, financing, property defects, poor marketing), identifies which issues are fixable versus deal-killers, and demonstrates diagnostic techniques using days-on-market analysis, comparable sales, seller basis research, and carrying cost calculations to strengthen investor negotiations.

2. 405. An 8% Cap Rate Doesn't Mean You Earn 8%

   Sep 14, 2026

   Tyler Cauble explains why a cap rate alone is misleading as a return metric in commercial real estate investing. Using a $1M, 8% cap rate property as an example, he demonstrates how the same deal can produce cash-on-cash returns ranging from 3% to 12.5% depending on financing structure, closing costs, capital expenditures, and accuracy of reported NOI. He introduces the loan constant as the key metric for evaluating true deal performance and presents a rule of thumb: cap rate must exceed interest rate by 3 percentage points for a deal to meaningfully cash flow.

3. 404. Why You Can’t Find A Deal Anymore

   Sep 10, 2026

   Tyler Cauble discusses why commercial real estate investors struggle to find profitable deals despite unprecedented access to data platforms and deal flow software. He outlines four edges that still work in today's saturated market: relationship mode with brokers, boots-on-the-ground market knowledge, the pre-listing window with off-market owners, and trust-based distress deals—all built on reputation rather than algorithms. He illustrates these concepts with specific examples, including a direct mail campaign that turned a $435,000 acquisition into $650,000 in appraised value within 45 days.

4. 403. Your Buildout Budget Is Off by Six Figures

   Sep 7, 2026

   Tyler Cauble walks through a real-world example of how buildout costs are routinely underestimated by commercial real estate investors and developers. Using a 5,000 SF retail-to-medical conversion, he demonstrates how a contractor quote of $110/SF ($550K) balloons to $145/SF ($726K) when soft costs, code upgrades, permitting, and interest carry are properly accounted for. The episode covers the hidden expenses investors miss—architecture, engineering, permits, special inspections, accessibility code triggers, and vacancy carry costs—and provides a framework for accurate budgeting before signing letters of intent.

5. 402. Your Loan Matures in 18 Months. Now What?

   Sep 3, 2026

   Tyler Cauble walks through commercial real estate loan maturity strategy, explaining the structural differences between residential and commercial loans and why starting planning 18 months before maturity is critical. He breaks down key metrics like DSCR and NOI, then outlines four parallel strategies he's currently running on his own deal: competing lenders, partner capital pay-down, recapitalization, and loan extension/modification. The episode emphasizes proactive planning and keeping multiple options open rather than waiting until the last minute.

6. 401. How to Buy Your First Trailer Park

   Aug 31, 2026

   Frank Rolfe, owner of one of the largest mobile home park portfolios in the United States reportedly worth over $1 billion, discusses why mobile home parks outperform apartments despite industry stigma. He covers the mechanics of the business model—park owners rent land while tenants own homes—and explains why this creates superior economics: 30-40% expense ratios, 14-year average tenancy, and a natural moat from zoning restrictions that prevent new park development. Rolfe walks through his five-point deal evaluation framework (IDEAL), addresses the controversial rent increase narrative, and offers specific guidance for first-time buyers with $250,000.

7. 400. The Seller’s Numbers Are Lying to You

   Aug 24, 2026

   Tyler Cauble conducts an office hours session analyzing how seller offering memorandums misrepresent commercial real estate deal economics. Using a real case study (Maple Grove Commons, an 18,400 sq ft property priced at $2M), he demonstrates how three missing line items—property tax reassessment, management fees, and reserves—combined with overstated vacant suite rents, reduce the deal's cap rate from 7.25% (seller's OM) to 4.56% (actual underwriting). The session covers critical underwriting errors investors make: ignoring market vacancy rates, failing to account for leasing commissions and tenant improvement costs, and accepting pro forma rents unsupported by market evidence.

8. 398. What $250,000 Actually Buys in Commercial Real Estate (2026)

   Aug 17, 2026

   Tyler Cauble demonstrates how to find and underwrite commercial real estate deals under $250,000 using his Deal Analyzer software. Live on air, he searches nationwide listings and analyzes a 5,088 sq ft retail strip building in Macon, Georgia listed at $249,000, walking through the complete underwriting process including renovation cost estimation, lease assumptions, and financial projections to arrive at a 1.87x equity multiple with 17% annualized cash-on-cash returns.

9. 397. 13 Years of Commercial Real Estate in One Livestream

   Aug 13, 2026

   Tyler Cauble, a commercial real estate investor, broker, and developer with 13 years of experience, distills his career lessons into five core principles: get paid to learn through brokering, buy unsexy assets, collect rejections to reach yes, buy in the path of growth, and build your base before scaling. He shares real deals—from his first $575K acquisition at age 25 with a $20K HVAC surprise, to his Dickerson Pike corridor thesis that proved prophetic as land values doubled in four years, to his Salt Rock Hotel requiring 50+ lender pitches before securing funding—and concludes with his exact four moves for starting over with zero capital, network, or name today.

10. 396. Analyzing Commercial Deals Isn't As Hard As You Think

    Aug 6, 2026

    Tyler Cauble demonstrates his new Deal Analyzer software, a web-based tool designed to replace traditional Excel spreadsheets for commercial real estate underwriting. In a live session, he walks through analyzing a real industrial property listing from LoopNet, showing how the software uses AI to import offering memorandum data, automates complex calculations, and produces underwriting results in under 10 minutes versus the 45-70 minutes previously required. He also previews additional tools in the upcoming software suite: a cost estimator with regional construction cost databases and a deal pipeline management system.