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All Forum Posts by: Ronald Rohde

Ronald Rohde has started 17 posts and replied 5012 times.

Post: First Commercial Biz. Help with Process Needed.

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188
Quote from @John Matthew Johnston:

@Ronald Rohde we got a great deal on it and it’s 30 seconds from my house. I could sell it today and make money but yes we are not sure what we are going to do with it. It does not have a roll up door or loading dock. It’s currently set up for a chiropractor/ doctor office


 Gotcha, if you know the market that's great. Flex office can be much more valuable, but you just need to check your permitted uses and go from there. I suspect the school may limit even C1 normal uses without a SUP or CUP

Post: Hiring a CRE Appraiser for single tenant NNN property

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188
Quote from @Jean H.:

Hello, I am looking to hire a CRE appraiser for a couple single tenant NNN properties for estate planning purposes.

Couple of questions:

  1. How much does this typically cost?
  2. Is it better to hire a national firm like a CBRE or a local firm?

 Are you looking for an appraisal or  broker opinion of value? Two different things.

If BOV, can be free or sub $1k, if appraisal can be $2-5k depending on the size of the asset.

What is range of value? Type of lease? Do you have the age and model of all equipment, roof, plumbing, etc?

Post: First Commercial Biz. Help with Process Needed.

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188
Quote from @John Matthew Johnston:

@Michael K Gallagher it’s zoned C1 so it’s commercial within a residential area. Right across from an elementary school


 Tough zoning

Post: CAP Rate — Is It Really the Most Important Factor in Multifamily Investing?

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188

I just want to know market rent!

Post: First Commercial Biz. Help with Process Needed.

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188

You bought a vacant commercial building without a plan? Typically you would have an idea of specific tenant uses prior to closing. At minimum, you should advertise as-is while you are creating your space plans.

Demo and whitebox it, maybe build office portion. Do you have grade level rear load? Roll up doors for flex office?

Post: Contract Writing / Review

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188
Quote from @Liz Lynn:
Quote from @Chris Seveney:

Please use an attorney to write these documents - this is the equivalent of going to see a dentist in the van down by the river - it's great until something goes wrong and then you could be completely screwed 


 That's what I was thinking, thanks!


 We can help

Post: Clarkstoragellc- 2024 year end wrap up

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188
Quote from @Henry Clark:
Quote from @Ronald Rohde:

Thanks for sharing as always.

I'd consider a larger percentage of outdoor storage if you put a building on the A site. You can get low risk returns with boat and RV storage. I do truck parking, but get calls all the time from retail users.

I sold an industrial property, sitting on a 3x EM, no real reason to sell, but it reduced my PG debt and booked a tidy profit. Making nearly the same on just 4.4% accounts...


The good thing is you can writeoff if your family has REP status if they out back in 100% year one.   Also you avoid the high Texas property taxes.  Insurance should be lower as personal property.  You can always resale if they don’t rent versus a building.  Plus if we get into an economic dispute these will double or triple in price since most of these are made in China.   


No REP, i'll just pay the tax. Not sure what you mean about high property taxes, all my stuff is NNN

Post: Clarkstoragellc- 2024 year end wrap up

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188

Thanks for sharing as always.

I'd consider a larger percentage of outdoor storage if you put a building on the A site. You can get low risk returns with boat and RV storage. I do truck parking, but get calls all the time from retail users.

I sold an industrial property, sitting on a 3x EM, no real reason to sell, but it reduced my PG debt and booked a tidy profit. Making nearly the same on just 4.4% accounts...

Post: Looking for TEXAS Buyers Rep Broker w/ statewide reach. NNN Industrial or MULTIFAMILY

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188

A listed deal at $1m may only have a 3% buy side, no one will do searches for those odds.

I would post more details, both qualifying you as a buyer and exactly what you are looking for that you will go under contract on.

Post: Looking for TEXAS Buyers Rep Broker w/ statewide reach. NNN Industrial or MULTIFAMILY

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188
Quote from @Selina Giarla:
Quote from @Ronald Rohde:

Honestly, this is not an attrative assignment. Your buy box is huge, brokers will not cross small multi family and industrial across the state.

Purchase price is What $1m or 3m with debt? Small comissions unless you are willing to pay 10% (you should state that)


Hi there, thank you for this very valuable feedback! My purchase price is $1MM with debt. How do you recommend I pare this down to be attractive? Should I make my search area smaller (ie: northeast, southeast, northwest, southwest) as well as define just a ingle asset type to be either a multifamily search or an industrial search? I am flexible on the asset type and the location which is why I was trying to open it up and perhaps my broker would get a finders fee from a local broker if it was on the other side of the state or if the brokerage has multiple satellite offices and they work together for statewide coverage, but I can see your very valid points.

I am looking for the seller to pay the commissions.


 Increase the odds of closing a deal or increase potential commission for the work.

$1m with debt, so like $300k down? Yes, pick just one city is my advice and have two separate buy boxes. One for multifamily with more details about units, rents, sq ft, age, etc.

If you want seller to pay, then why not just search online listings? Buy side adds nothing