All Forum Posts by: Ronald Rohde
Ronald Rohde has started 17 posts and replied 5108 times.
Post: Proper Configuration for Series LLC with Land Trust
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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- Votes 2,254
Originally posted by @Peter M.:
You don't file trusts or series LLCs with the state so you are right, those are free and I guess once you make one, it is just a copy/paste to do others.
The lawyer I use for this is a Texas asset protection and business lawyer not super specific to real estate but he has a lot of clients all over the country. If you send me a PM I will give you his contact info.
As a pedantic point, you can file a Statewide notice of DBA with Texas SOS, but primarily they are filed in the county doing business.
I advise clients on Asset Protection and Series LLC in Texas. I largely agree with Peter.
Post: Recommended Private or Hard Money Lenders/Title companies
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,329
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Post: Corporate-guaranteed franchisee vs. corporate tenant
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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A corporate tenant will typically be closer to the cash flow and more likely to pay vs corporate guarantees can be judgment proof.
Post: Have you paid for a coach? Thinking about Michael Blank
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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I pay for broader business coaching. I think its easily worth what I spend 5-figures. its an investment in business and increasing the value of my free time.
*disclaimer, I'm also a guru selling my time and opinions for money!
Post: Houston stafford Meadows place Missouri City texas
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,329
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Good luck, you can benefit from stronger price appreciation if you sell individually to OO as well.
Post: Seeking a Large Multi-Family Apartment Deal, Yet Don't Have Much
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,329
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Originally posted by @Nick B.:
Originally posted by @Kyle Lauriano:
Thanks for your feedback, I hope to be in these talks in the foreseeable future.
You don't have to be accredited if a) you have pre-existing relationships with a sponsor and b) that sponsor does 506(b) offering that accepts sophisticated investors.
While "accredited investor" has a pretty straight-forward definition ($1M networth or $200K income), "sophisticated investor" is defined more vaguely as someone who understands the potential investment and can make an informer decision about participation in such investment.
It really comes down to being educated about the potentials and risks of RE in general and a given niche (apartments in your case) in particular. You also need to be able to evaluate a market, a sub-market, and a property in that sub-market.
As for where to find sponsors, you may find them here on BP or at your local REI meetup groups.
It doesn't sound like he has any pre-existing relationships
Post: Hard money lender asking for LLC
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,329
- Votes 2,254
Originally posted by @Ben M.:
Thank you Rhinesca. What about the yearly costs to maintain the LLC? Does that usually stay the same?
You may also have Registered Agent fees if you don't want to use an address you currently have (like a personal home).
I've helped dozens of members here setup LLCs. Let me know if you want to chat.
Post: Dilemma: hold or sell in Austin
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,329
- Votes 2,254
Originally posted by @Ryan Munson:
I
- 180k is owed on the home
- Purchased in 2014: $203k
- Listing cost: $1360/ or 80% of the first mont's rent
Any input would be greatly appreciated!
Thank you,
Were you super levered on the purchase? put like 5% down?
Sell it.
Post: Seeking a Large Multi-Family Apartment Deal, Yet Don't Have Much
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,329
- Votes 2,254
Originally posted by @Kyle Lauriano:
Also, is this even feasible for a first-time investor? Additionally, is this a smart decision rather than a few smaller MF deals?
Appreciate the time,
Are you an accredited investor? $200k a year or over $1m net worth excluding primary residence? Thats your qualification for private placement deals
Post: Introducing myself as a new member to BP
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,329
- Votes 2,254
Hi Cody,
Many people can invest from across the world here in Texas. Vet your team and empower them to make decisions within 12 hours (assuming your overnight) and you should be fine.
Conservative leverage, conservative tenant screening, etc.
Ron