All Forum Posts by: Ronald Rohde

 You can reach out to me via email, this is something a lawyer can review your loan documents and lease, prior to execution.

mortgage principal will remain in the future

 correct and at new rates

 Use an amortization table to see exactly how much principal you need to refi. Its a series of numbers? just algebra, or you can plug it in online calculator.

If your resulting DSCR is 1.1, not good. If 1.5 good.

The best route is low coverage industrial, industrial outdoor storage. Truck parking, RV Boat, etc. 

I own these in DFW and its very good for land without a large building.

 Isn't his quote from a year ago? $120 still sounds reasonable for today

Are you going to invest via an LLC?

Whats going on with the business? I'd focus on getting that more profitable than learning something new out of state.

Hi Raj, I'm an attorney and have explored this. I am a fee attorney for Fidelity and found this the best solution.

1. You will need a licensed TX attorney to oversee the legal documents, you need escrow officers and transaction managers and business development/marketing. You need physical office space to conduct closings and handle paperwork

2. I'd say $500k, plus 6 months

3. Risk is fixed costs when transaction volume is low, you have to manage your cash flow.

How many deals are your friends doing? I figure you need about $50m a month to be profitable, $10-20 breakeven. You can do residential, but its a ton of work and no matter what, there is tons of competition.

what type of matter? Attorneys in "real estate' tend to be very specialized. If you have a residential earnest money dispute its very different than negotiating a national retail NNN lease.

Transactional vs litigation

Residential vs commercial

Those would go a long way to finding the best referral for your needs

 have you driven class C self storage? you will find tons of examples, poor signage, little security, worn paint, no one answers the phone, etc. start on google maps, street view, then start driving. you'll know it when you see it.

Public Storage/Extra Space Storage it aint!