All Forum Posts by: Ronald Rohde
Ronald Rohde has started 17 posts and replied 5108 times.
Post: Silly Questions Do i need to get a permit to renovate a flip?

- Attorney
- Dallas, TX
- Posts 5,329
- Votes 2,254
Either Owner or contractor can pull permits, up to you.
Post: New buddy in Dallas/FW?

- Attorney
- Dallas, TX
- Posts 5,329
- Votes 2,254
Welcome, there are lots of good REI meetups as well.
Post: How to identify commerical property with room to improve?

- Attorney
- Dallas, TX
- Posts 5,329
- Votes 2,254
Originally posted by @Jeff Kehl:
@Patrick Philip I think the point they're trying to make is that what you're asking for doesn't easily exist and if it did no one would tell you about it in an online forum. The fact that you would ask makes me wonder about you.
What were you hoping to hear? If you search for industrial warehouses between 20-30k square feet in small towns near a major metro with 2%+ job growth and you can pay less than $120/square foot you will become rich?
No one can do that except maybe a very experienced local broker which is what they advised you to look for.
Every investor also has different goals, equity return thresholds, unique experiences, etc. Those are your characteristics, not general things like "add a loading dock" =instant profit.
Post: How to identify commerical property with room to improve?

- Attorney
- Dallas, TX
- Posts 5,329
- Votes 2,254
You should not be buying commercial properties if you're looking for this information. Find a commercial broker or lawyer who has experience in your market.
Post: Buying rental property in TX gulf region good or bad idea?

- Attorney
- Dallas, TX
- Posts 5,329
- Votes 2,254
There is no good or bad investment, it just depends on your goals, the price you pay, the time into the project and the return for your time/money.
Post: Environmental Site Assessment

- Attorney
- Dallas, TX
- Posts 5,329
- Votes 2,254
Originally posted by @Scarola Markson:
I've used Terracon for years on probably 50 reports. These have been all across the state of Texas.
Post: Multi-Family vs Multi-Unit Office

- Attorney
- Dallas, TX
- Posts 5,329
- Votes 2,254
Originally posted by @Mike McGee:
Any reason(s), other than the one I mentioned?
what size are the office units? if they are comparable to MF 1-2,000 sq ft, that is a hassle and hard to keep occupied. If its larger unit size, you're not going to have comparable costs.
Office may have higher margins when full, but a lot more risk.
Post: Owner Fi a Flip Property???

- Attorney
- Dallas, TX
- Posts 5,329
- Votes 2,254
Owner finance is not a problem. Just paper yourself and understand foreclosure risk/cost. Plenty of people can do it.
Post: Quarterly Financial Report for Bank?

- Attorney
- Dallas, TX
- Posts 5,329
- Votes 2,254
Your lawyer can often guide you when reviewing loan docs. I even remove them as a covenant or do not consider the failure to provide a material breach.
IMO, without a CPA, lawyer or commercial broker you're faking too much.
Post: Environmental Site Assessment

- Attorney
- Dallas, TX
- Posts 5,329
- Votes 2,254
No affiliation, but https://www.oeservices.net/environmental-site-asse...
https://www.wh-m.com/service/phase-1-environmental...
I have used Terracon for my clients and very pleased with their work in Texas.
https://www.terracon.com/services/environmental/environmental-site-assessments-and-investigations/