All Forum Posts by: Ronald Rohde
Ronald Rohde has started 17 posts and replied 5111 times.
Post: Calculations on ROI
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,332
- Votes 2,257
Its not COC, but IRR. Principal pay down should absolutely be included in IRR calculations.
Post: Syndicating RV Parks and Campgrounds
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,332
- Votes 2,257
Quote from @Henry Clark:
I’ll ask my two cousins to come along. Commercial realtor and commercial developer.
I'm in Dallas! Can we do the party here?
Post: Where to find a professional coach?
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,332
- Votes 2,257
Quote from @Brock Mogensen:
Lots of great coaches out there. Important to find one that is in the niche you are looking to be in, as well as one that has real life deal experience.
The niche is critical, I'd never hire a buy and hold NNN industrial coach if I was trying to do development. The nuance is just too great.
Post: Real Estate Attorney
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,332
- Votes 2,257
Hi Jakob,
What type of matter do you have? Transactional or litigation? Residential or commercial?
Post: U guys r a bunch of powerless landlords.
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,332
- Votes 2,257
exit residential. Buy commercial.
Lock the doors on those tenants. Auction their stuff. Commercial landlords have power.
Post: Looking for connections
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,332
- Votes 2,257
If I had a dollar for everyone buying these, I wouldn't be posting on BP!
Seriously, everyone wants this strategy its very competitive. Whats your advantage? Deal flow? Financing? Cap stack?
Post: Contractor Garages - how many units per acre is standard?
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,332
- Votes 2,257
Quote from @Ian Dunross:
Hi everyone,
I'm starting my research into contractor garages. I have 6 STRs and I'd like to transition into light industrial real estate.
Is there an industry standard number of 1200-1500sq ft contractor garages that can fit on an acre? I don't want them to be too cramped, in case some tenants need deliveries via semi-truck.
Thanks for any info!
There is no industry standard, it varies by each town/county. If you want a rough rule of thumb 0.15. FAR will get you parking, firelanes, utilities, landscaping, etc.So for your example, you could build 6500 sq ft on an acre, or 5 units.
Post: Syndicating RV Parks and Campgrounds
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,332
- Votes 2,257
Quote from @Henry Clark:
It’s going to be about credibility.
How good is your business plan. How buttoned up. If someone starts peppering you with questions do you have the address
What does each person bring to the table. Money, land, construction work, management, etc.
Background. Do you have the RV parking and traveling story down?
Track record. If no track record need to start small and build up. Commercial you really need a track record.
Everyone on here has enthusiasm. Need a vetted business plan.
Everyone on here has one post in them. then life gets in the way and the passion fades away. CRE is about the long haul, I'd say much more than 3 years. 3 years i barely could tie my shoes. Henry, when are we doing that podcast YouTube? you can put all your standard answers in a video so people don't have to search for your posts ;)
Post: Where to find a professional coach?
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,332
- Votes 2,257
I think its tough. You are probably better off looking for a partner/mentor who you can co-invest with. Or a regular business coach if you're looking for accountability.
CRE is very much a profitable industry, so you don't get the ROI from coaching like other industries.
For underwriting, find a local group, write up your model and a one page summary, usually other investors are willing to look at ti and give you free feedback. For funding, I'd talk to lenders and brokers, plenty of them will chat.
There are other service professionals available to chat, but for example, I talk to my clients about various aspects of industrial deals, but at our hourly rate.
Post: Looking for Input on My First Commercial Property Purchase
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,332
- Votes 2,257
Quote from @Henry Clark:
How much are we talking about? Do you have cash, cd’s or bonds? Ask the loan officer if you can either deposit or have them control the account. They can use this to help support the loan. You should also get about 1% point less on their interest rate.
You need to supply more info for a better answer. See questions above.
we do this on some of our loans, put an amount equal to the loan on deposit with our lender, drops our fixed rate 5 year debt to just a point above fed. then we pull the cash for other stuff.