Food Truck Parks In Houston – Real Estate Investing Food Trailer / Truck Park Rental Business. What I’ve Learned FlipAnythingUSA
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Real Estate Investing Food Trailer / Truck Park Rental Business. What I’ve Learned FlipAnythingUSA
I have learned a a lot about the trailer food business as a landlord as well I see some of the start up problems. I have a prime real estate investment it is a corner property I originally bought when I beat a group of investors that was trying to middleman a deal for a Walgreens Pharmacy project. So until I build something here I will maximize the use of property and try to squeeze every dollar renting the land as well as renting the small building that was included in the deal. I paid $1,175,000. with a 1031 exchange for the property and created a line of credit for $1,000,0000 the same day on closing to buy more. Alway make the most of your location its real money this is on way how to make money from land.
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How large is that lot ?
Keep the videos coming boss man I appreciate the advice
All city's want rich people to own thing not felons they will not give me permits
it would be helpful to know investment cost for the property, or if you have experience in creating a container bar with property , and having food trucks around
Hi Tom, the monthly rental fee, is that already included in the utilities cost? (water, electric, sewage?) or is that something you charge separately?
Can one lease and sublease it to food vendors cause I don't have much cash to buy or finance a vacant lot?
Tom, how do you find Food Truck tenants?
Not one customer ordering or eating food. Wtf
Looks dead af
Do you make good profit if you are paying for utilities as well? And how did you convince the trailers to come to your park?
Would u but just land or land with a building
Hey Tom do you own some of those food trailers and rent them out or do you just rent the lot? Great info and video! Subscribed
Hi Tom, Great video thanks for sharing your great ideas. Can I ask how big is your food truck lot. I own an acre out in Florida 200×200 feet.
Do u have insurance or something like that for the trailers….I just went to try and get a spot outside a gas station…and the guy said no I can't set up there because his insurance will go up..what's up with that
This is GOLD!!!
Thank you for you video. It was very informative.
Hey Tom, sent you a direct email, I know you are busy. Just wanted to let you know that your flipanything app is no longer on google play. The url is bad (We're sorry, the requested URL was not found on this server.), and when I did a manual search it's not there either. Is there an issue with the app? Anywhere else we could go to get? Thank you in advance
Hey Tom I am considering buying about 3 acres and turning it into a food truck park. I want to have about 50 food trucks rent out a spot from Wed-Sunday. Can i get your thoughts of this idea?
Thank you
I appreciate your transparency! You’ve definitely earned a new subscriber!
When you first started out in your early 20's were you doing 1031 exchanges or just calculating in that you'll have to pay capital gains tax when you pay taxes. I'm looking to start investing in real estate soon and once I hopefully get a return on the investment, what should I be looking to do tax wise on the earnings?
Also, as a civil engineer I'm pretty fond of the idea of development and building my own assets. I wouldn't be looking to develop for a while or at least until I get the cash but I wanted to know if you could explain your thoughts on development rather then buying and then fixing up.
Thanks for your time and keep up the great videos, it's nice to hear from someone that actually knows what their doing!
-Joe
More great advice Tom. Do you include a bathroom near the site as part of the rent or offer that separately as an up sell?
Bought the book on Amazon an it’s amazing
Do you take a percentage of the profits?
Nice job thinking outside the box
Doubt this would fly anywhere in California. They’d shut you down quick.
Do you charge the the utilities separately and you allow the trucks to charge overnight?
Tom, how did you satisfy the accessory bathroom ordinance you mentioned? I didn't notice in the video?
There are a couple of cool food truck places in my area. The seating area is indoors and has a bar that serves beer/well drinks, restrooms and has a stage for live music. The truck setup area is just under the same roof but on the outside of the building. So rain is less of an issue. I am sure it was expensive to build.
Thanks Tom! Another interesting and informative video. How was business doing for these trucks during the lockdown? May be the new trend for takeout..
$800 per trailer?
Im a subcriber love the info.Tom is a true guy and doesnt need to say all the bs .Tom question, how in indiana state you can buy triplexes and quads for 30k.They need work but ideally would be great section 8 or affordable apartments.What would you advise to check out.A 2 bedroom is 800 to 1100.00 i personally dont see a strong ivestment.
Where is this land located?
Tom , I'm enjoying your book . I emailed you for the extra chapter a few days ago but haven't gotten a response .
Damn this is a great idea Tom..
Thanks for sharing your experience with this. Until now, I had not even considered this concept. Great Insight!
Did you get my last email, Tom?