All Forum Posts by: Ronald Rohde
Ronald Rohde has started 17 posts and replied 5103 times.
Post: Hotel Investors Needed
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
What are you defining as "hard money"?
They will lend as equity, but you have to give them significant upside profit sharing.
Post: Texas Job Growth Numbers
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Gonna need more housing!
Post: Seeking a purchase agreement for Texas.
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Originally posted by @Bryan Lutz:
I am seeking a purchase agreement for Texas that others have used successfully and recently. I currently have a verbal agreement for purchase.
What are you buying?
Post: Selling Reserved Parking Spots
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Depends on the location. Visit at 10am and see how tight the parking is. In Dallas, my office has covered reserved spots (mostly empty), other offices can't charge enough for low garage reserved spots.
Post: How much do you need to retire?
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
I think $150-200k annually from rental income. I'll always keep practicing law, probably take fewer clients, but I enjoy the people and working the deals. Married with kids so definitely exposed to the expense creep.
Anywhere from $2-6m outside primary residence seems like a good goal. I work at it everyday, but with a balanced approach since I'll hopefully be doing this for another 30 years!
Post: First Investment Under Contract
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
There is no such thing as 0% interest for taxes, IRS will impute AFR.
Who's your attorney? CPA?
I'd say you just bought a huge headache for $10k
Post: Anybody going to Harris County Tax Auction on May 1, 2018?
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Looking for fellow competitors? Hope everyone is carrying ;)
Post: Looking for a super-stars - Austin Texas
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Hi Yochai,
Happy to discuss your investment goals and how we can work together on the legal issues. For lenders, are you looking for HML or banks?
Post: Single, first time home buyer in DFW, TX open to suggestions.
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Vote for house then rent out the rooms, if I could start over, I definitely would get a 4plex and renovate it myself over time. Live rent free, build equity, raise rents all while working a regular job!
Post: Commercial real estate attorneys in Brevard county fl
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Originally posted by @Joel Owens:
Commercial attorneys depending on experience level usually charge in the 200's to 300's on average per hour. For a typical retail center transaction I see costs of about 10,000 to 15,000 unless lot's of issues found then can go over 20k in some cases. It all varies property by property and situation by situation.
How often do you see flat fee? I get asked a lot to offer flat fee, but it feels too risky if there is significant hair on the deal only discovered later on. Would an attorney that offered $15k flat fee be attractive?
Sorry to hijack, but I am a FL attorney if you need more recommendations!