All Forum Posts by: Ronald Rohde
Ronald Rohde has started 17 posts and replied 5103 times.
Post: Best Real Estate Conferences
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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https://www.icsc.org/ shopping centers
NIC is good for senior living
Post: Elder Law question and real estate
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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Originally posted by @Scott Harper:
A friend has a mother that has gone to assisted living. She has retirement income of $3000.00 a month. Medicare is paying now but eventually may need Medicaid to pay.
He has a home valued at 200k and her husband passed a few years ago.
My friend has consulted attorneys and received conflicting answers.
If he rents her house does all money (approx 1500.00 month)have to go into a trust to protect it so she can still qualify for Medicaid?
Can he sell the house and put money into a trust to protect it from the five year look back for Medicaid?
Has anyone had experience with this?
What would you suggest (your personal opinion)
Or an attorney who may know.
This is definitely more of an estate planning issue than REI.
You'll want to discuss with an attorney of your choice.
Post: Texas Quad-Plex... a scam or normal for new construction?
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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This is not normal. Glad you read the contract though!
Post: Tenant Left Early - Civil Suit or no
#2 Commercial Real Estate Investing ContributorPosted - Attorney
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Originally posted by @Greg H.:
Originally posted by @Peter M.:
If you win the judgment you can then place a lien on this new house they bought so you will get your money when they go to sell it. You just have to renew it every 10 years or it will expire. However I am pretty sure small claims in justice courts tops out at 10k which means you will have to go to county or district court. You will have to use a lawyer because you cannot represent yourself properly in these higher courts (I think technically you can but it is hardly ever done as a pro se litigant). Talk to a RE lawyer but understand they will not take this on contingency, you will have to pay out of pocket. You can add this to the award but it could be decades before you see any return on this investment.
Texas Homestead laws do not allow the attachment of a lien to their homestead as it is exempt
There are many people looking for short term or 6 month leases. Even consider offering a month to month lease
I'm not sure what statute you're basing this on, but that's not true. You can attach any real propybut you can't force a judicial sale of homestead in Texas. If the debtor dies, you will get paid.
Post: Tenant Left Early - Civil Suit or no
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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I would talk to you if you are interested. It has strengths and some weaknesses.
Post: REI Friendly Recommendation
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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Happy to answer any questions you may have.
Post: Seeking FHA 203K advice and market insight for Dallas, TX / DFW
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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Buy a duplex or 4 unit (rare) focus on livable condition for one side. It will be ready by April easily.
Post: Finding information from county tax assessor Austin Tx.
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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Originally posted by @Vamshi Ananth:
Thanks for the information @Ronald Rohde.
Wondering how do other Austinites in Austin manage to get this information?
The method I mentioned will work. Most of the time, people just mail to physical addresses.
Post: Finding information from county tax assessor Austin Tx.
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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You want the email and phone number of property owners? The county doesn't share this information. You can combine county data with a background service like Spokeo, but nothing is guaranteed. Be careful if you automate this or dial people on the Do Not Call list, big $$$ fines and liability for violations.
Post: Brick & Mortar Retailers achieve level playing field- sales tax
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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Seems fair