All Forum Posts by: Ronald Rohde
Ronald Rohde has started 17 posts and replied 5103 times.
Post: Tenant Moved out, 3 day notice served...furniture & trash left

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Curious for updates?
Post: Electrical for Subdivision

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Was this the last piece in your pro forma? Are you buying land?
Post: Texas condo management taking advantage of residents

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Have them give me a call or email.
Post: Real Estate Lawyers Help/Advice

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
I typically ask more questions that generalist lawyers don't ask. I've seen plenty of financing issues, title issues, or just "does this deal make sense" issues and I try to relay that experience to potential new clients. You really won't be able to tell until you hire them for your task though.
Post: Call notes from discussion with my syndication attorney

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Good notes, I would also add that state regs should be a factor wherever you end up soliciting investors from i.e. avoid NY
Post: redeveloping mixed use property

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
I would talk to CRE broker or see what other developments are going up nearby. If you don't have comps, its very open ended and likely a decent amount of risk.
Post: Looking to invest in a multi family but keep options open

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
How much capital are you committing? any area can be profitable as long as you pay the right price, understand your risks, and are prepared for the time horizon.
Post: To evict or not to evict

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Originally posted by @Eric Kephart:
@Andy Bondhus sinc
In Texas the process is pretty straightforward, and can be accomplished in about 30 days under normal circumstances. It's possible to do it yourself if you're comfortable with navigating a bunch of legal docs. I would definitely at least consult an attorney to get a handle on the process. You can get a TON of info over a 1 hour coffee.
I hope this is a paid consultation coffee!
Post: How do real estate developers determine a price for real estate?

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Land + development costs +profit=exit price
For land, its really worth what someone will pay for it. Try to find the per sq ft for the recently sold land. taking into account the shape, condition (structures if any), and zoned usage. As a ballpark, just receive offers and decide if you want to sell.
Post: Seller taking on another contract while escrow as not closed

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Originally posted by @Minh Le:
I could have easily agreed to the per diem in the beginning, but at the time, the concept was foreign to me and I objected based on my own experiences and my colleagues' experiences with closing delays. During the week of the original close date, I spoke with the Seller to provide updates and communicated the delay, due to Lender still going through the underwriting process. That was when Seller asked for the per diem, and when I challenged him, he started threatening me by saying things like, "You do not want to play with fire, or you'll get burned", and "Don't poke the bear". I found it very unprofessional, so of course I did not agree to Seller's terms.
We are all in this Real Estate business together, and there is no reason to treat each other unprofessionally. We should help each other to achieve that common goal. When Seller's assistant reached out to me, he commented that they have other offers that were higher, but they cannot move forward because they were "stuck" with my contract; thus confirming that Sellers are unable able to take on another contract, if the current contract has not be resolved, at least in Texas.
That is not the most important lesson to learn from this transaction.